Rhumbix Company Research Report

Company Overview

• Name: Rhumbix, LLC

• Mission: Empowering the field. Rhumbix aims to improve the lives of those working in construction by making work better, faster, and safer for field workers.

• Founded: 2014

• Founders: Zach Scheel and Drew DeWalt

• Key People:

• Zach Scheel, CEO, Co-founder, Retired Naval Civil Engineer Officer

• Drew DeWalt, COO, Co-founder, Retired Naval Submarine Officer

• Headquarters: No information is available

• Number of Employees: No information is available

• Revenue: No information is available

• Notable For: Rhumbix is known for its digital solutions in field and workforce management, particularly for construction teams, with a focus on timekeeping, production tracking, time & materials, health & safety reporting, custom forms & workflows, and field analytics.

Products

Rhumbix offers a suite of software products tailored to improve construction workflow efficiency:

1. Timekeeping & Payroll

• Description: Captures payroll-ready timecards, reducing the time required for submission.

• Key Features:

• Mobile app to track timecards

• Integration with existing ERP systems

• Improved accuracy and reduced manual entry

2. Production Tracking

• Description: Manages cost-coded labor hours, quantities, and budget.

• Key Features:

• Consolidation of labor and cost data

• Real-time insights into project performance

3. Time & Materials Tracking

• Description: Tracks and manages out-of-scope work from submission to approval.

• Key Features:

• Automated tracking of extra work

• Enhances approval processes

4. Analytics & Reporting

• Description: Connects teams with real-time project performance insights.

• Key Features:

• Data-driven insights

• Configurable reports and dashboards

5. Daily Construction Reports

• Description: Consolidates daily and weekly field reports into one tool.

• Key Features:

• Simplified report management

• Quick access to critical field data

6. Field Analytix™

• Description: Provides deep analytics and insights on field data.

• Key Features:

• Fueling resource analytics

• Connecting data across workflows

Recent Developments

• New Products Launched: No specific new products mentioned.

• New Features Added: Rhumbix continuously improves its software, with recent focuses on improving mobile and web applications for easier data capture and workflow integration.

• Partnerships: Collaborated closely with customers to tailor their platform to specific needs, fostering a cooperative relationship that supports mutual success.

• General Updates:

• RG Construction realized significant process efficiency using Rhumbix, cutting payroll processing time by 217 hours a week.

• Sprig Electric transitioned from manual to digital timekeeping, increasing accuracy by 90% and saving $36K weekly.

Through its pioneering digital solutions, Rhumbix is redefining how construction professionals manage their field operations, setting benchmarks for efficiency and accuracy across the industry.