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Aconex vs Newforma
June 10, 2023 | Author: Sandeep Sharma
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Oracle's Aconex is a solution to manage information and processes across your entire project. Get the visibility you need to spot problems and control risks that can lead to delays and cost overruns. Receive high-quality handover manuals that are compiled digitally, as-built, and as the work is completed.
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Newforma is the leader in Project Information Management software for the AECO industry. Unify project data across multiple data sources.
Aconex and Newforma are both project management software solutions tailored for the construction and engineering industries, but they have distinct differences in their features and target audiences. Aconex is a cloud-based platform that provides features such as document management, collaboration, workflow automation, and project controls. It focuses on large-scale projects and offers robust capabilities for managing project documentation and facilitating communication and collaboration among project stakeholders. On the other hand, Newforma is a project information management (PIM) software that specializes in document control, information organization, and project collaboration. It is designed for architectural and engineering firms, offering features such as email management, document tracking, and submittal processes. Newforma excels in streamlining workflows and centralizing project information for enhanced project coordination and efficiency.
See also: Top 10 Construction software
See also: Top 10 Construction software
Aconex vs Newforma in our news:
2017. Oracle buys construction management software Aconex for $1.6b
The renowned US technology company, Oracle, has made a significant acquisition by purchasing the construction software group Aconex for a total of $1.6 billion. This transaction marks Oracle's second venture into acquiring a cloud-based construction software provider. In the previous year, the company acquired Textura, a platform specializing in contract and payment management, for $663 million. Oracle then merged Textura with its own construction management software, Primavera, resulting in the formation of the Oracle Construction and Engineering Global Business Unit. The complexity of construction projects, involving various contractors, suppliers, intricate building codes, and extensive paper documentation, often leads to costly and time-consuming management challenges. Consequently, the technology industry has recognized an opportunity to address these issues. Over the past few years, several startups, including Fieldwire, PlanGrid, Net30, and UpCodes, have emerged with the goal of modernizing the construction industry.
