Financial Release<< Back
Trimble and Hilti Announce Product Integration to Help Contractors Streamline Tool Tracking and Job Cost Allocation
Integration Automatically and Accurately Allocates Tool and Equipment Costs to Job Costs, Reducing Worker Down Time and Manual Data Entry
The announcement was made at Trimble Dimensions+ Conference.
The integration is Hilti's first North American integration with an enterprise resource planning (ERP) solution, and provides a solution for unified tool tracking and more accurate, automatic job allocation, giving contractors one source of truth for tracking and managing their tools and equipment.
Now instead of having to manually look, call or guess where tools are or how much to invoice based on their use, contractors can more easily track their tools and equipment in one place and automatically know how much—and where—they were used so that an accurate amount of equipment time can be invoiced. This eliminates the need to spend clerical time manually inputting utilization data, and even manually tracking it in the field.
"Our research shows that each jobsite loses on average one day per month of productivity due to workers searching for tools. In addition, the contractors end up spending up to 90 hours per month tracking tools: in essence, productivity loss for both workers and contractors due to lack of an effective asset/tool management platform," said
The tracking of tools and equipment use and costs in one centralized place better prevents equipment loss and theft. It also eliminates the need to manually enter tool use and costs, which are often subject to double entry and human error.
"We know that contractors have a lot to manage already, and that equipment is one of their most important assets," said
"Tracking small tools—whether in repair status, on location or with employees and the associated costs—is one of the most ineffective parts of accounting and internal controls in a construction company," said Maria Lumke, CFO of
"Hilti ON!Track has greatly reduced the 'run to the store and buy what you need' when we already own and have tools nearby," said
Connecting Hilti ON!Track to Trimble Construction One is another way Trimble serves stakeholders across the entire construction lifecycle, providing visibility into true project costs and correct resource allocations so they get the right information at the right time to make the right decisions.
Trimble is developing technology, software and services that drive the digital transformation of construction with solutions that span the entire architecture, engineering and construction (AEC) industry. Empowering teams across the construction lifecycle, Trimble's innovative approach improves coordination and collaboration between stakeholders, teams, phases and processes. Trimble's
Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial and transportation. For more information about Trimble (NASDAQ:TRMB), visit: www.trimble.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/trimble-and-hilti-announce-product-integration-to-help-contractors-streamline-tool-tracking-and-job-cost-allocation-301671109.html
Lea Ann McNabb, Trimble, 408-481-7808, email@example.com