
Factor AE
Specialized software for architecture and engineering firms.
Date | Investors | Amount | Round |
---|---|---|---|
* | N/A | Acquisition | |
Total Funding | 000k |
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Factor AE offers an enterprise resource planning (ERP) platform specifically designed for architecture and engineering (A&E) companies. Founded in 2021 by veterans of the A&E industry, the company aims to address the specific project management and financial tracking needs of these firms. The software integrates project management, time tracking, billing, and accounting into a single system.
The platform's business model is subscription-based, providing software as a service (SaaS) to its clients. It targets small to medium-sized architecture and engineering businesses, offering a tool to streamline their operations and improve profitability. Key features include tools for managing project phases, tracking billable hours, handling complex billing scenarios common in the A&E sector, and providing financial insights through dedicated dashboards. This allows firms to move away from using multiple, disconnected software solutions like spreadsheets and separate accounting programs.
Keywords: ERP software, architecture firms, engineering firms, project management, time tracking, billing software, accounting, AEC software, business management, SaaS