Beaverton, Oregon – March 16, 2009 — Axium, a leading developer of accounting and project management software for architectural and engineering firms (A/E), announces that multiple clients have been recognized for their overall business performance on the 2008 PSMJ Circle of Excellence list. Firms comprising the list were rated on thirteen benchmarks on various aspects of business operations including, cash flow, overhead control, business development, project performance, staff utilization and overall profitability.
“(Axium) continues to exceed my expectations. I never dreamed I would get the things I do out of PORTFOLIO,” stated Denice Street, Great West Engineering, a PSMJ Circle of Excellence winner. “We have been able to take the billing process, with a tremendous amount of clients, down from 2 weeks to 2-4 days. That significantly influenced our cash flow – amazingly, and took our days of an AR drastically down a 1/3.”
PSMJ's Circle of Excellence represents the top 20% of firms participating in PSMJ's Financial Performance Survey that achieve the best overall business performance in the A/E industry. This distinction is awarded based upon a combination of 11 performance benchmarks that measure business operations in terms of profitability, growth, cash flow, overhead control, business development, project performance, and employee satisfaction. As a group, PSMJ's 2008 Circle of Excellence firms averaged 21% revenue growth, 27% profits (as a percentage of net revenues) and less than 10% employee turnover.
“We want to congratulate all the firms that are part of PSMJ’s Circle of Excellence,” said Cathy Mills, Axium Chief Sales and Marketing Officer. “It is great to see firms succeed despite the economic downturn. And to have 30% percent of the best performing firms using Axium’s software validates the software’s ability to improve business processes.”
To recognize the firms that made the Circle of Excellence list, PSMJ is holding a conference highlighting the business practices of these outstanding firms. The conference is March 19-20, 2008, in Orlando, Florida. The conference will focus on how the best design firms succeed during challenging times.
About Great West Engineering
Great West Engineering provides professional water, wastewater, transportation, construction management, solid waste, site development, surveying, environmental resource, planning, and grant writing and administration services for public and private sectors throughout Montana and the region.
Our staff is dedicated to developing strong partnerships in order to provide scientific, technical, and creative solutions to complex projects. We work closely with clients to be responsive to their needs and foresee potential project challenges. This approach has proven successful. Our clients' trust demonstrates Great West's commitment to service, partnership and quality.
Great West's resources provide a strong base of expertise to serve Montana's communities, and our core disciplines readily support the requirements of a broad range of projects.
For over 30 years, PSMJ Resources, Inc. has offered publications, educational programs, in-house training and management consulting services to A/E/C professionals worldwide. PSMJ Resources conducts more than 200 educational seminars and conferences annually, support by major professional societies, including AIA and ACEC. Headquartered in Newton, MA, PSMJ Resources provides more than 150 titles in book and audio, and publishes three newsletters about A/E/C firm management. PSMJ Resources also produces the industry’s preeminent annual surveys on management salaries, financial performance, fees and pricing, and benchmarks for the design firm CEO. On the web: www.psmj.com.
At Axium ( www.axiumae.com) our number one priority is our clients’ success. We are dedicated to developing innovative accounting and project management software for the architectural and engineering (A/E) industry and providing exceptional service in every way. Our 25 years of experience in the A/E industry allows us to provide comprehensive, integrated solutions to manage your firm the same way you handle business — project by project. Axium moves beyond generic accounting products to provide a range of accounting and project management solutions to improve productivity, increase profitability, and empower your firm’s success.