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Published December 13, 2024 . 11 mins read

2024 Look Back: A Year of Growth and Innovation at ProNovos

As the end of 2024 approaches, we’re reflecting on an incredible year of progress and milestones at ProNovos. From empowering construction professionals with new tools and insights to strengthening the construction industry through impactful education and content, this year has been all about growth—both for us and for the companies we serve.

In 2024, we doubled down on our mission to transform the construction industry by providing innovative solutions and practical tools that help teams protect profits, manage cash flow, and streamline operations. The numbers speak for themselves—our clients’ engagement, the product enhancements we rolled out, and the connections we’ve made all highlight the strides we’ve made this year. A testament to our progress, ProNovos was proudly named among Construction Executive’s Top Construction Technology Firms™ for 2024, an honor that underscores the hard work we’ve invested in helping construction businesses thrive.”

Here’s a closer look at some of the highlights from the past 12 months.

Client Usage Stats: A Snapshot of Impact

The numbers from 2024 illustrate just how vital ProNovos has become to the construction professionals we serve. This year, our platform supported:

1,031 active users

$5.7 billion in job costs

$6.3 billion in billings

$18 billion in total active contracts

25,000 forecast adjustments, over $400M

These numbers aren’t just metrics—they represent the trust our clients place in ProNovos to provide the tools they need to make data-driven decisions that protect their profits and drive efficiency. Each adjustment, report, and insight reflects the value our platform delivers daily to construction professionals nationwide.

Product Enhancements: Driving Innovation in 2024

This year, we delivered an impressive lineup of product updates designed to enhance user experience, improve functionality, and address the evolving needs of the construction industry. Some highlights include:

A Cost Forecast overhaul that made this critical module more intuitive and actionable.

Adding ASC 606 revenue recognition in the WIP ensures compliance and clarity in financial reporting.

A “Recent Projects” dropdown in the top navigation allows users to quickly pin and access their most relevant projects.

A refined margin bee swarm chart in the WIP for enhanced visualization of profitability trends.

On-demand sync, enabling real-time data updates for faster decision-making.

A complete workspace overhaul, improving navigation and usability across the platform.

A new user workflow for simpler account management.

A ranking system in permission groups to prevent lower-ranking users from creating admin accounts.

Users can keep the same account across multiple companies, streamlining multi-tenant management.

Enhanced password management gives users the flexibility to set their own passwords or set them by an admin.

The whimsical addition of an octopus error screen makes even technical issues a little more fun.

Additional enhancements:

The introduction of a Directory Page simplifies user and contact management.

WIP Lazy Load, boosting performance for large data sets.

New ERP integrations with Spectrum and Acumatica are broadening our compatibility with leading construction ERPs.

These innovations aren’t just about adding features—they’re about empowering our users with tools that save time, reduce errors, and provide the insights they need to succeed in an increasingly competitive industry.

Client Engagement Activities to Better Serve Our Users

Client success took center stage in 2024 by launching two key initiatives: 15-Minute Live Power Sessions and the Training Hub.

Introduced in June, Power Sessions quickly became an essential client resource, offering focused presentations that dive into new and existing ProNovos features. Topics include the WIP Workspace, updates to Cost Forecasting, leveraging Job Reviews functionality, and more. With registrations steadily climbing and an average attendance of 23 clients per session, these sessions have proven to be highly impactful. In response to their success, we’ve expanded to hosting two Power Sessions each month, providing even greater opportunities to support our clients’ needs.

Complementing the Power Sessions, the Training Hub offers on-demand resources for ProNovos users. In 2024 alone, we added over 70 concise and viewer-friendly training videos, covering tools like the WIP Report, AR Collections, Cash Flow Forecasting, and more. With fresh content added weekly, the Training Hub ensures clients have quick and easy access to actionable insights tailored to their goals.

Together, these initiatives underscore our unwavering commitment to empowering construction professionals. At ProNovos, we’re dedicated to equipping our clients with the knowledge and tools they need to thrive in an ever-evolving industry.

Knowledge at Your Fingertips: Resources Created in 2024

In 2024, ProNovos delivered an impressive array of resources to empower construction professionals, including:

125 YouTube videos

21 blog posts

16 webinars

7 eBooks

7 Power Sessions

3 “Hey CFMA” Videos

3 case studies

2 checklists

4 speaking engagements at industry events

2 articles for CFMA Building Profits magazine

This year’s content spanned actionable guides, thought leadership and expert insights designed to meet the evolving needs of the construction industry.

From tackling complex financial topics to showcasing innovative strategies, ProNovos created resources that focused on empowering industry leaders and supporting ProNovos users. Among these, our webinars drew over 1,100 registrations and explored topics such as mastering WIP reports, turning project managers into financial leaders, and strategically adopting technology. Dive into our webinars and explore the recordings.

Our webinars were led by a diverse group of participants, including ProNovos employees and industry professionals from various specialties:

Helping Construction Professionals Grow

Beyond webinars, many of these industry veterans also contributed to ProNovos’ free eBooks and resources to help construction professionals excel. Highlights include Getting a Handle on Profit Fade, Construction Forecasting 101, KPIs for Construction Executives and Project Managers, and Cash Flow Management Strategies.

Three most downloaded eBooks/guides of 2024:

These materials, alongside our events, reflect ProNovos’ dedication to advancing the construction industry with practical tools, actionable strategies, and expert knowledge. Explore our complete collection of eBooks and resources by visiting the ProNovos eBook Library.

Culture, Communication, and Cash Flow: 2024 Insights to Remember

As 2024 winds down, we’re spotlighting the impactful resources and thought leadership we shared throughout the year. From simplifying financial complexities to tackling cultural challenges, our blogs and resources have been designed to empower construction professionals with actionable insights. Here’s a look at some standout topics that resonated with our readers this year.

Excel vs. ProNovos: From Chaos to Clarity

Spreadsheets have long been a go-to tool in construction, valued for their simplicity and familiarity. However, as projects grow, even small errors can snowball into major disruptions, transforming useful tools into chaotic systems. Our Excel vs. ProNovos series explores the limitations of spreadsheets and showcases how advanced tools like the WIP Report and forecasting modules for costs, revenue, and cash flow streamline workflows, reduce errors, and enhance financial accuracy.

Financial Statements in Construction

A solid grasp of financial statements is essential for long-term success in construction. This series simplifies key components of the balance sheet, income statement, cash flow statement, and WIP Report, turning complex concepts into clear, actionable takeaways.

Recognizing the WIP Report’s critical role, we also launched a WIP Report Resource Center, offering detailed guidance on its concepts, components, and insights from industry experts like CPAs, bankers, and sureties. Additionally, we provided a comprehensive list of construction financial KPIs to help businesses measure and optimize performance.

Technology Adoption: For The Culture

In 2024, we addressed the challenge of adopting technology in ways that not only optimize operations but also improve workplace culture and communication, particularly within multi-generational teams.

Bridging the Generational Gap: Choosing the Right Channel for Your Message

Effective communication isn’t just about sending messages—it’s about ensuring they’re received and understood. This post emphasizes “receiver-oriented communication” strategies to bridge generational divides and foster harmonious, productive interactions among team members.

Good Tech Can’t Fix Bad Culture

Advanced technologies like drone surveillance and AI-driven analytics hold great promise, but they can only succeed within a supportive organizational culture. This blog unpacks why culture is the foundation for successful tech adoption and offers actionable advice for fostering a forward-thinking workforce.

Speaking Opportunities: Showcasing ProNovos Expertise

In 2024, ProNovos proudly participated in several key industry events, sharing insights and innovations with construction professionals nationwide.

Bruce Orr
CEO @ ProNovos and Executive Committee Member @ CFMA

Represented ProNovos at CFMA’s Annual Conference, alongside other industry leaders; Foundation Software Users Conference: Converge; GBQ Construction Seminar.

Samantha Lake
COO @ ProNovos

Represented ProNovos at the CFMA New England Regional Conference, contributing to discussions on the latest trends and strategies shaping the construction industry.

Conclusion: Looking Ahead to 2025

As we wrap up 2024, we couldn’t be prouder of the progress we’ve made alongside our clients and industry partners. From groundbreaking product enhancements and insightful educational resources to engaging client events and thought leadership opportunities, this year has been a testament to ProNovos’ commitment to innovation and growth.

The success of 2024 fuels our excitement for what’s to come in 2025. As we continue to support construction professionals with tools and strategies to protect profits, manage cash flow, and streamline operations, we invite you to be part of this journey.

Discover how ProNovos can revolutionize your construction financial management and drive your business forward. Schedule a demo today to explore the tools, features, and insights that are empowering industry leaders nationwide. Let’s build a smarter, more profitable future together.