{"id":7242,"date":"2021-11-29T00:00:00","date_gmt":"2021-11-29T05:00:00","guid":{"rendered":"https:\/\/bxglobal.wpengine.com\/us\/buildxact-makes-2021-afr-fast-100-list\/"},"modified":"2022-06-29T00:30:03","modified_gmt":"2022-06-29T04:30:03","slug":"buildxact-2021-afr-fast-100","status":"publish","type":"news_media","link":"https:\/\/stage.buildxact.com\/us\/news_media\/buildxact-2021-afr-fast-100\/","title":{"rendered":"Buildxact makes 2021 AFR Fast 100 list at #30"},"content":{"rendered":"<p><i><span data-contrast=\"auto\">Buildxact has been named by the Australian Financial Review as one of Australia&#8217;s fastest-growing companies.\u00a0<\/span><\/i><a href=\"https:\/\/www.afr.com\/work-and-careers\/management\/the-fastest-growing-companies-in-australia-20211125-p59c3x\"><i><span data-contrast=\"none\">See the full list.<\/span><\/i><\/a><span data-ccp-props=\"{&quot;335551550&quot;:1,&quot;335551620&quot;:1}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Think of the companies you consider to be some of the all-time greats. When you think of those companies, what are the common themes that tie them together on their road to success? Was it that they had incredible funding or opportunity, or that they hit the market at the perfect time, or was it simply just a stroke of luck?\u00a0\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">When you think of the all-time greats like Tesla, General Electric, Microsoft, Apple, Amazon, or even Wal-Mart, consider this one major common denominator that framed their success\u2026their origin story. Each of these companies started with an original idea or &#8220;lightbulb&#8221; moment that revolved around solving a common problem or a desire to make our world better.\u00a0\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">That lightbulb moment for\u00a0Buildxact\u00a0came in 2011 when founder John Allison realized that\u00a0custom\u00a0home\u00a0builders desperately lacked\u00a0simple\u00a0software\u00a0tools to connect them to their customers and\u00a0suppliers\u00a0that would ultimately help them\u00a0to take control of their business and save time and money. Allison knew he could create\u00a0a solution\u00a0that could do just that, and thus\u00a0Buildxact\u00a0was born.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">&#8220;From the homeowner talking to his builder, the builder talking to the\u00a0supplier,\u00a0it was all manual. The ability for the\u00a0supplier\u00a0to get visibility of what the builder was going to be ordering didn&#8217;t exist,&#8221; said\u00a0Buildxact\u00a0CEO David Murray. &#8220;That&#8217;s when we saw an opportunity for\u00a0Buildxact\u00a0to become the platform where the builder and the\u00a0supplier\u00a0do commerce and optimize and drive efficiency in the supply chain.&#8221;\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Since 2011,\u00a0Buildxact\u00a0has grown to be the top\u00a0construction management software provider\u00a0in Australia, and the company is not stopping there. As part of their global expansion plan, the company launched its software into the Canadian market in 2019 and subsequently launched in\u00a0the United States in 2020, just as the COVID-19 pandemic struck. Nonetheless, Murray was excited to see the new markets validate the value proposition.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">&#8220;We went from the start of the last financial year with less than 4% of our revenue coming from North America to finishing the year with more than 20% of our revenue coming from North America. We did that all digitally,&#8221; Murray said.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">And the company is\u00a0at\u00a0a very different place today than it was a year ago.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">&#8220;If we were having this conversation back in November of last year, we hadn&#8217;t sold one subscription to a\u00a0supplier, and here we are, having launched a product in October, and\u00a0we already have\u00a0over 40\u00a0suppliers\u00a0subscribed to\u00a0Buildxact,&#8221; he said. &#8220;That&#8217;s an exciting achievement for us.&#8221;\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">There is no question that the software solution solves the many pain points of the construction industry and takes it into the 21st century.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">&#8220;This is an industry that hasn&#8217;t had a focus on digitization, especially with this type of customer that we&#8217;re talking about,&#8221; Murray said.\u00a0\u201cWhen we look at it from the lens of how\u00a0does each person in this industry work with each other, then we can go and apply technology and innovation in solving those pain points.&#8221;\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">In the end, Murray attributes\u00a0Buildxact&#8217;s\u00a0success to the employees who are working diligently to keep taking it to new heights.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">&#8220;There are four things that underpin the success of the company. You need a sound strategy and the ability to execute that strategy. To do that, you need the right people to execute the strategy. You also need a culture where people feel engaged and have a sense of purpose where they don&#8217;t see coming to work as a chore because they love what they do,&#8221; he said.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Buildxact\u00a0has already proved it serves a need for\u00a0custom\u00a0home builders and suppliers\u00a0in the industry. Now it is about building on that existing momentum to maintain a continued growth path.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Read the full editorial feature:\u00a0<\/span><a href=\"https:\/\/www.afr.com\/work-and-careers\/management\/the-fastest-growing-companies-in-australia-20211125-p59c3x\"><span data-contrast=\"none\">A bit of coding power transforms building design<\/span><\/a><span data-contrast=\"auto\">\u00a0<\/span><span data-ccp-props=\"{&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buildxact\u00a0has already proved it serves a need for\u00a0custom\u00a0home builders and suppliers\u00a0in the industry. Now it is about building on that existing momentum to maintain a continued growth path.\u00a0<\/p>\n<div style=\"display:none;\" class=\"postcatlist\"><a href='https:\/\/stage.buildxact.com\/us\/tag\/awards\/'><span>Awards<\/span><\/a> <a href='https:\/\/stage.buildxact.com\/us\/tag\/buildxact\/'><span>Buildxact<\/span><\/a><\/div>\n","protected":false},"author":1,"featured_media":7279,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[147,116],"class_list":["post-7242","news_media","type-news_media","status-publish","format-standard","has-post-thumbnail","hentry","tag-awards","tag-buildxact"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Buildxact makes 2021 AFR Fast 100 list at #30 | Buildxact US<\/title>\n<meta name=\"description\" content=\"Article on Buildxact has been named by the Australian Financial Review as one of Australia&#039;s fastest-growing companies.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buildxact makes 2021 AFR Fast 100 list at #30\" \/>\n<meta property=\"og:description\" content=\"Article on Buildxact has been named by the Australian Financial Review as one of Australia&#039;s fastest-growing companies.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/stage.buildxact.com\/us\/news_media\/buildxact-2021-afr-fast-100\/\" \/>\n<meta property=\"og:site_name\" content=\"Buildxact US\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-29T04:30:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/stage.buildxact.com\/us\/wp-content\/uploads\/sites\/2\/2021\/11\/Fast21-MediaKit-100-TW-D2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"2400\" \/>\n\t<meta property=\"og:image:height\" content=\"1340\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/stage.buildxact.com\\\/us\\\/news_media\\\/buildxact-2021-afr-fast-100\\\/\",\"url\":\"https:\\\/\\\/stage.buildxact.com\\\/us\\\/news_media\\\/buildxact-2021-afr-fast-100\\\/\",\"name\":\"Buildxact makes 2021 AFR Fast 100 list at #30 | Buildxact US\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/stage.buildxact.com\\\/us\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/stage.buildxact.com\\\/us\\\/news_media\\\/buildxact-2021-afr-fast-100\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/stage.buildxact.com\\\/us\\\/news_media\\\/buildxact-2021-afr-fast-100\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/stage.buildxact.com\\\/us\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/11\\\/Fast21-MediaKit-100-TW-D2.png\",\"datePublished\":\"2021-11-29T05:00:00+00:00\",\"dateModified\":\"2022-06-29T04:30:03+00:00\",\"description\":\"Article on Buildxact has been named by the Australian Financial Review as one of Australia's fastest-growing companies.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/stage.buildxact.com\\\/us\\\/news_media\\\/buildxact-2021-afr-fast-100\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/stage.buildxact.com\\\/us\\\/news_media\\\/buildxact-2021-afr-fast-100\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/stage.buildxact.com\\\/us\\\/news_media\\\/buildxact-2021-afr-fast-100\\\/#primaryimage\",\"url\":\"https:\\\/\\\/stage.buildxact.com\\\/us\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/11\\\/Fast21-MediaKit-100-TW-D2.png\",\"contentUrl\":\"https:\\\/\\\/stage.buildxact.com\\\/us\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/11\\\/Fast21-MediaKit-100-TW-D2.png\",\"width\":2400,\"height\":1340,\"caption\":\"The Financial Review Fast 100 list for 2021\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/stage.buildxact.com\\\/us\\\/news_media\\\/buildxact-2021-afr-fast-100\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News &amp; 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