Canadian Electrical Industry News Week

simPRO Reporting SoftwareThe right tools for monitoring and reporting on business performance are vital for any business owner who wants to measure their company’s health and success. However, project tracking and reporting tools are even more important for electrical business owners.

Between day-to-day jobs, maintenance work and longer projects, electrical business owners need up-to-date, accurate reporting tools that measure the most important metrics for each type of work they do.

These metrics form an overall picture of business health which guides decision-making as they grow the business.

Like many electrical companies, you might use old-school pen and paper or spreadsheets for reporting. While these methods might get you by, they can be tedious and time-consuming.

It's also far too easy to make manual errors and mistakes, which lead to inaccurate data input and an inaccurate picture of true business performance.

Without an accurate picture of your electrical company’s performance, you cannot make data-driven decisions on how to improve in various areas of your business.

This could leave you planning the next steps for your company based on an educated guess, at best, rather than facts.

It’s also crucial that you gather all of this data from one end-to-end electrical software solution.

Even if you are already working with other reporting tools or software aside from spreadsheets, linking data from multiple disparate sources can be challenging. Without this link, you won’t get the complete picture of business performance.

Here are our top five best reporting tools for your business and the most important reports to help you run efficient business operations and increase cash flow, including:

- Financial reports
- Workforce reports
- Project reports
- Inventory Management reports
- Customer Service reports

How do you choose the best project tracking and reporting tools for your electrical business? 

The best tools for monitoring and reporting on business performance for field service companies measure multiple aspects in various areas of your business, all from one central location. 

While they should undoubtedly report financial information, the best tools for monitoring and reporting on business performance also report on your workforce and can even track project progress. 

This is where field service management software can help!

Field service management software includes multiple types of reports that you can run and use for many different areas of your electrical business. 

Most importantly, a field service management solution gathers all of your data in one spot. 

This creates a single source of truth for all of your job, project, and customer data.

When you have a single source of truth for your data, you know that your data truly reflects your business as it stands, without any missing information.

This transparency helps you make better-informed decisions to help your business grow.

Next, we’ll walk through each of the key areas of your business you should regularly report on and why they are crucial for measuring success.

What are the most important types of reports for electrical businesses?

Financial reports

These reports help you measure the financial health of your business.

For example, you can run reports to manage your profit and loss, sales invoices, monthly income and accounts receivables.

These reports can also tell you if your estimating and job costing correctly and break down the profit and loss of individual jobs.

Running regular financial reports is an excellent foundation for better business reporting overall.

Financial reports offer complete visibility into your actual numbers, their accuracy and how they compare to your estimates on jobs and projects.

They also allow you to spot any discrepancies, as well as trends in your profit and loss. They can even help you identify why you lost money on a particular job.

As a result, you can make any relevant changes for future jobs.

For example, the Profit/Loss Report in simPRO can show you the Net Profit and Loss and Net Margin for all jobs within a specified date range so that you reflect and make changes as needed for new jobs.

Workforce reports

Did you know that you can gather data to measure your staff’s overall productivity rather than guessing based on what your employees tell you?

Workforce reports allow you to gather data about field staff’s activity, completed tasks and job costs per employee. They can also give you visibility into total hours worked and billable hours.

This type of report is an essential tool for resource management. It can help you spot employees who are completing work quickly and efficiently and identify employees who aren’t working to your standards.

This insight can help you assign the right field technician to the right job and ensure that your field staff continues to deliver work on time and as promised to your customers.

You can also use workforce reports to ensure you’re properly allocating time for each job based on the number of available staff at a given time.

Measure your team’s output with the Labor and Productivity Report in simPRO. You can track labor hours for employees and contractors across your business which is especially helpful for your service manager(s) or staff manager and HR.

They can use this report to retrieve all employee schedules within a specific date range and reconcile hours on quotes, jobs and leads.

Even better, this report displays individual employee’s productivity as a percentage.

This makes it easy for you to scan the report and quickly spot underperforming staff so that you can adjust to increase productivity.

Project reports

Multi-phase projects are more complicated than your day-to-day jobs.

They often involve more staff and more resources and quickly go awry if you lose track of progress.

Project reports track job progress and cost to complete in each stage of the project. This ensures that you hit deadlines and deliver services on time and within budget.

These reports also help you deliver the best customer experience and manage your resources efficiently. They give you a complete picture of all of your work in progress and the costs associated with each phase.

simPRO features a Job WIP (work in progress) Report. This report shows your costs (resources and materials), what you've already billed, and what you still need to invoice.

You can quickly spot outstanding invoices, manage your cash flow, spot trends and react quickly to keep projects moving at pace.

Inventory management reports

Use inventory management reports to monitor inventory levels and their value.

These reports also help you track inventory from your warehouse to your dispatch vehicles and the job site.

You can ensure that you always have the right tools for the right job since your inventory management report shows your physical inventory and items on order.

Inventory management reports also show you the total value of your inventory, which helps with accurate job costing.

Most importantly, these reports show the location of all of your inventory!

simPRO’s Stock Value Report shows all of your inventory and the value of your materials. It can even show you the value of materials assigned to jobs even if those jobs are not fully invoiced, which is especially helpful when you need to take stock of your inventory at the end of a financial period.

Customer service reports

How can you ensure that you’re delivering the best customer service to your customers.

Instead of guessing based on what your customers tell you, use customer service reports to monitor response time for jobs and keep track of customer records and interactions with your staff.

You can also use reporting to identify customers that give you the most business.

When you can track all interactions with customers, you eliminate miscommunication that can frustrate them and your team.

You also ensure that everyone on your team accesses the most accurate, up-to-date information on every customer and their associated jobs.

This gives your team more context and detailed background information every time they communicate with customers.

Happy customers become loyal customers and, therefore, a reliable source of revenue.

simPRO features two types of customer service reports:

The Customer Notes Report displays notes associated with customers, and is useful for customer service or account managers to track customer correspondence and maintain great customer service.

You can also use the Customer Rank Report to see which of your customers generate the most business, with customers ranked by either turnover, profit, margin or average invoice value etc. within a specified date range.

Discover 70+ reports available in simPRO

Ready to start reporting on your project, service and maintenance workflows and get a complete picture of your business health?

simPRO gives you access to extensive business intelligence reporting, with more than 70 types of reports built-into help you manage your staff, inventory, cash flow and more!

For more information go HERE

 

Contractors! You Deserve Better.

Ledvance EIN Aug4 You Deserve Better July 2022Contractors! You Deserve Better | Win $2,000 Grand Prize from LEDVANCE, THE WORLD'S LEADING VERTICALLY INTEGRATED LIGHTING COMPANY

OFFERING SYLVANIA AND LEDVANCE BRANDED LIGHTING PRODUCTS IN CANADA


You deserve better and LEDVANCE wants to make sure you know it. Enter for a chance to be one of over 190 winners with the grand prize including $2000 and a SYLVANIA Work Light!

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2021 Canadian Electrical Code Overview of Changes

EIN CSA Group Logo 2022 400CSA C22.1:21, Canadian Electrical Code, Part I contains many updates and changes that are potentially significant to electrical professionals. This online, self-guided course provides the key changes and impacts to the industry presented in an easy-to-follow format.

 Designed for professionals with a good working knowledge of the Code and who solely need the key changes including general updates or those made for clarification, safety, and new products and systems. Key changes due to Rule relocation or deletion are also noted.

This course may help save valuable time to help keep electrical projects safe and in compliance. This training is developed with input from a broad cross-section of electrical industry experts and with cooperation from all provinces, territories and several key jurisdictions across Canada. 

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Changing Scene

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E.B. Horsman & Son (EBH) has announced their Victoria branch has moved to a new location as ...
Canada’s Building Trades Unions has been selected as an intermediary for the Apprenticeship Service ...
More skilled trades workers can seek certification in Nova Scotia with changes the Province is ...
Procore Technologies, Inc. has announced it is working with Amazon Web Services (AWS) to ...
The federal governemnt has officially launched a call for proposals (CFP) for the  ...
The Electrical Contractors Association of BC (ECABC) has announced the impending departure of ...
The Minister of Employment, Workforce Development and Disability Inclusion, Carla Qualtrough was at ...
The launch of the Apprenticeship Service stands to help overcome financial barriers employers face ...
The National Electrical Trade Council (NETCO) is pleased to announce that they will be rolling out ...
43 years ago, Steve Silverstein bought a table saw and a delivery van and began a revolution in the ...


Government of CanadaThe federal governemnt has officially launched a call for proposals (CFP) for the Zero-Emission Vehicle Awareness Initiative (ZEVAI). The initiative’s 2022 CFP will help fund new and innovative projects that aim to increase awareness and knowledge of ZEVs and charging and refueling infrastructure thereby increasing public confidence in these vehicles and their economic and environmental benefits.


Natural Resources Canada will provide funding through non-repayable contributions of between 50 and 75 percent of the total eligible project costs, with a maximum funding of up to $300,000 per project. The CFP will close on August 18, 2022.

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Omnicable joins ETIMETIM North America announced that OmniCable has joined the product classification standards organization. Headquartered in West Chester, PA, OmniCable has 24 locations throughout North America, and also owns Houston Wire & Cable (HWC). The company partners with many electrical manufacturers and only sells to distributors.

According to John Dean, Director of Marketing & E-Commerce, OmniCable/HWC, “The wire and cable industry is often called commodities, but there are very distinct features and attributes for the different products our manufacturers produce. 

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Atkore United Poly SystemsAtkore Inc. announced that it has acquired United Poly Systems, a manufacturer of High Density Polyethylene (HDPE) pressure pipe and conduit, primarily serving telecom, water infrastructure, renewables, and energy markets.

“We are pleased to complete the acquisition of United Poly Systems, which strengthens Atkore’s product portfolio, expands our manufacturing capacity and further enables us to meet HDPE customers’ needs,” stated John Pregenzer, President of Atkore’s Electrical business. “HDPE pipe and conduit is a growing market that is expected to benefit from U.S. infrastructure legislation, and United Poly Systems is a great addition to Atkore. We welcome these employees and look forward to working together to continue to serve and support our customers.”

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Canadian Electrical Contractor Discussion Group: Can You Count the Deficiencies?

EIN CECD 400Have you ever been called to fix the work of a 'handyman'?

"Was supposedly done by a"certified ' electrician....told the homeowner that he got a $266 permit....no record at TSBC. Can you count the deficiencies?"

"There is a second panel change in the triplex also.......even more deficiencies. Think the guy was a glorified handyman. Ones not obvious: 240 BB heat hooked up 120....drier on 2p20....range on 2p50....water heater fed with 2c14 Bx on 2p15."

Go HERE to join the discussion

 


 

Grimard is more competitive and produces estimates 3X faster with Procore

Procore

When the pandemic lockdowns started in March of 2020, Grimard (an electrical contractor) had to decide whether to shut down its operations entirely or implement a new platform with people who were now freely available for work. Once they implemented Procore, they found a way to efficiently communicate with stakeholders and offer full transparency in terms of project costs and planning. It also allowed Grimard to utilize historical data to make project estimates more accurate. Grimard was able to streamline its bidding process, which made it more attractive to potential clients and helped the business grow.

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Iron+EarthThe RenuWell Project partners are excited to announce the groundbreaking of two pilot sites located near Taber, Alberta. These pilot sites are the first of their kind to repurpose inactive oil and gas infrastructure as a foundation for renewable energy development and job creation.

When operating, the solar projects will generate 2,030 MWh annually – enough electricity to power 280 average Alberta households or irrigate 11,700 acres of farmland for an average year. This is roughly equivalent to $200,000 in electricity sales per year with 1,100  tCO2e savings in GHG emissions. Over a 25-year lifespan, the projects will generate 50,750 MWh, with GHG emission savings of 28,420 tCO2e.

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David O'ReillyBy Elle Bremmer

Recently, I had the pleasure of sitting down with David O’Reilly, Vice President Home & Distribution and Secure Power Divisions with Schneider Electric Canada for a discussion regarding the Wiser EnergyTM smart home solution, the Wiser Approved training program, and his thoughts on several different subjects, including sustainability and future technologies currently in the works at Schneider Electric. David has been with the company for five and a half years in his role.

We recently published a study (version en français ICI) from Schneider Electric showing a strong interest from Canadians in smart home technology. 

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Product News

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The DTR® Model 8510 is an easy-to-use portable digital transformer turns ...
Ericson has launched upgraded versions of their line of Harsh and Hazardous Lighting Solutions. ...
Designed for quick and easy installation, this strong and durable baseboard is easily recognizable ...
The Lithonia Lighting® ESXF LED Floodlight is an all-in-one flood that gives ultimate versatility ...
STARFISH WiFi enabled mobile app controlled. Customize and save various light scenes or utilize the ...
The 8540 Pro profile is designed to disappear into the structure, merging the light source with the ...
Keystone’s DirectDrive DX2 is a UL Type B line voltage tube offering single- or double-ended wiring ...
This voluminous Hubbell® Gangable Device Box offers smooth flat external sides and flush ears that ...
The EarthTronics LED Adjustable Wall Packs has a slim profile design. They can be locked into any ...
Klein Tools introduces new phone Thermal Imagers, one for Android® Devices and one for iOS Devices, ...


Ericson String LightsEricson announces upgraded versions of their extremely capable line of Industrial String Lights and SL, LED Stringlights. These new and updated products have several key features important when safe, code compliant lighting for industrial workspace is necessary.

Infinitely capable, these ruggedly built products have several industry leading & exclusive features including:

Industrial String Lights:

  • A United States Navy Specification since before WWII, they’re time and application tested...

 

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Intermatic Pool and Spa SolutionIntermatic Incorporated announced its new P40000 Series Load Centers, a set of next-generation panels for pool-only applications, as well as its new PE24GVA 24-Volt Valve Actuator, an easy-to-install valve actuator that allows for tool-free cam adjustments. Both solutions remove obstacles for pool service professionals while delivering lasting performance.

“Intermatic load centers and valve actuators have been the preferred choice of pool professionals for more than 30 years,” says Brian Lamberty, product marketing manager at Intermatic. “The PE24GVA and P40000 Series build on that tradition, helping pool professionals streamline service calls while setting the standard for quality and performance.”

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Klein Tools Zipper BagsKlein Tools introduces new Stand-up Zipper Bags, in a 2-Pack with 7-Inch and 14-Inch sizes, both designed to handle tough jobsite conditions and stand up so tools and small parts can be easily accessed when working.

Stand-up Zipper Bags, 7-Inch and 14-Inch, 2-Pack (Cat. No. 55559)

  • Perfect for storing pliers, wrenches, screwdrivers, drill bits and other small tools and parts
  • 4 1/2’’ tall zipper bags come in two sizes:
    • 14’’ (36.6 cm) dark gray
    • 7’’ (17.8 cm) royal blue


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Emerson HV SafetyThe Occupational Safety and Health Administration (OSHA) estimates 350 employees are killed annually in electrocution accidents, which roughly equals one fatality per day. In the face of these dangers, OSHA officials and industry safety consultants alike recommend eliminating potential hazards on work sites, rather than simply relying on contractors or employees to follow safety guidelines.

To help safeguard employees from electrocution, Emerson has launched its Appleton™ Powertite™ Lock Collar, a device that fastens over plug and connector connections and is secured with a padlock, preventing unauthorized personal from disconnecting the cable connection once in place. 

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Peers & Profiles

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Watt’s the Word is a recently launched Electrical Industry Podcast hosted by Zack Hartle and ...
Allana Kellett-Jamieson loves working in the electrical sector and is proud of the great focus ...
As the head of ABB Canada's electrification business unit, Éric Deschênes is no newcomer to the ...
Karen Pullen knows what it’s like to be the only woman on a construction site, and as a proud ...
As of February 2021, Martin Stephenson is the new President and CEO of Signify Canada.   ...
This past July, Kerith Richards, who has worked for Service Wire Company for the last seven years, ...
EngWorks was formed in 2004 as an electrical engineering and consulting firm by Allan Bozek, “After ...
Headquartered in Concord, Ontario, Mercury Lighting services national retail, ...
Among the recipients of the 2021 Clean50 Awards announced last month is Carolina Gallo, Vice ...
Sarah Silverstein is a principal with Liteline along side her two brothers Mark and Daniel. ...

Copper $US Dollar price per pound

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