Buildxact Company Research Report
Company Overview
Name, Mission of the Company
- Name: Buildxact
- Mission: Empower the residential construction industry to be simpler, more efficient, and more successful by providing easy-to-use, cloud-based construction management tools.
When Was the Company Founded and by Whom
- Founded: 2011 in Australia
Key People in the Company
- Chief Executive Officer: Steve Yates
- Chief Financial Officer & Company Secretary: Fionn O'Keeffe
- Executive Vice President, Customer Experience and Product: Chris Rennie
- Executive Vice President, Sales and Marketing: Liam Fraser
- Board of Directors:
- Co-founder and Chairman: John Allison
- Director and Vice Chair: Leigh Jasper
- Director: George Savvides
- Director: David Murray
- Director: Melanie Kalemba
- Director: Rob Goudswaard
Where is the Company Headquartered
- Headquarters: Austin, Texas, USA
Number of Employees
- Number of Employees: >100 passionate team members
Revenue of the Company
- No information is available
What is the Company Known For
- Known For: Digitizing the residential construction industry with cloud-based tools for estimating, project management, and procurement.
Products
What Products Do They Offer
- Products: Buildxact offers all-in-one construction management software.
High-Level Description of the Product
- Buildxact Software: A cloud-based platform designed to help custom home builders, contractors, and dealers manage their entire business workflow. From takeoffs and estimating to project management and client communication.
Key Features of Each of the Products
1. Takeoffs and Estimating:
- Faster Takeoffs: Complete takeoffs online quickly and accurately.
- Accurate Estimates: Use saved templates and integrated dealer pricing for precise cost calculations.
- Professional Quotes: Generate professional quotes 5x faster with breakdowns for materials, labor, and markup.
2. Dealer Connection:
- Collaboration: Connect with dealers for up-to-date pricing and seamless communication.
- Online Orders: Create accurate purchase orders directly from estimates using dealer price lists.
3. Project Management:
- Scheduling: Simple drag-and-drop tools to build and manage schedules.
- Cost Tracking: Monitor budgets in real-time by viewing jobs, categories, or individual items.
- Client Portal: A secure platform for clients to stay informed and approve changes.
4. Financial Tools:
- Invoicing: Generate invoices with a single click and sync with Xero or QuickBooks.
- Change Orders: Track and manage change orders easily, ensuring documents and client communications are centralized.
Recent Developments
What Are the Recent Developments in the Company
- Closing Key Roles:
- Leadership transition at Buildxact with David Murray stepping down as CEO in May 2024. Succeeding him is Steve Yates.
What Are the New Products Launched
- No specific information about new product launches is available
What Are the New Features Added to the Existing Products
1. Recent Product Updates:
- April 2024: Introduced features aimed at streamlining administrative tasks and saving time for users.
- June 2024: Enhanced dealer feature set to enable better collaboration through simplified sales processes.
Any New Partnerships
- BlueTape Partnership: Announced a collaboration with BlueTape to further digitize and drive growth in the construction industry.
- 1build Partnership: Integrated with 1build providing access to more than 68 million data points for accurate pricing within the Buildxact software.
Conclusion
Buildxact continues to grow as a key player in the construction management software industry, driven by technological innovation and strong leadership. The company’s commitment to simplifying and digitizing the residential construction process positions it well for sustained success.
