Scheduling and cash flow management
SchedRight was established in 2014 as a Canadian software licensing company in the area of construction project/program management and particularly scheduling and cash flow management.
SchedRight Financial Solutions for Contractors and Owners
SchedRight software was put together to fill in a gap that was perceived within the framework of project management. While scheduling is being used as the primary tool to integrate the management of project time and cost at the project level, project financing is yet managed at the corporate level. This resulted in the project finance is being managed separately from the highly relevant project time and cost. This problem made contractors suffer from either failures due to poor management of cash flow or increased project financing cost. In addition, this problem made program owners suffer from slow project delivery rates due to inability to fully utilize the allocated fund during fiscal years.
SchedRight is a scheduling software that achieves full integration between project time, cost, and finance. Apart from the basic feature of generating project cash flow, SchedRight embraces patented algorithms which optimize schedules and thus offers intriguing finance solutions for the contractors and owners.