Indianapolis-based IPA 100 firm Somerset CPAs and Advisors (FY21 net revenue of $52.7 million) is teaming with Atlanta-based construction analytics firm ProNovos to bring data-driven solutions to its contractor clients.
As part of the strategic partnership, ProNovos will make its construction-specific analytics solutions available to Somerset’s roster of construction clients. Somerset, meanwhile, will invest in ProNovos and advise contractors on the benefits of using data to achieve goals such as growing margin, better managing cash and reducing risks.
“We want our contractors to think in terms of growing their margin by two percentage points or more every year,” says Somerset principal and construction practice leader Ken Hedlund. “Analytical tools such as those created by ProNovos can give them a clearer view of where and how they can act today to influence that outcome tomorrow.”