Wrench Solutions - Project Management Information System
MENUMENU
  • Products
        • SmartProject Suite
          • SmartProject EDMS
          • SmartProject Digital PMO
        • SmartProject Features
          • BIM Management
          • Schedule & Progress Management
          • Procurement Management
          • Construction Management
          • Cost & Cashflow Management
          • Contract Management
          • Resource Management
          • Project Quality Management
          • Safety Management
          • Risk Management
          • Snagging & Close Out
        • By Type of Companies
          • Owner
          • PMC
          • Engineering Consultant\Architect
          • EPC Contractor
          • General Contractor
          • Equipment Suppliers
        • By Industries
          • Infrastructure
          • Construction
          • Energy
  • Customers
    • Customers List
    • Projects
    • Customer Journey
    • Testimonials
    • Case Studies
  • Resources
    • Resource Centre
    • Blog
    • Support
    • Whitepaper
    • Product Related
      • Technology
      • FAQ
    • Certifications
    • Webinar
    • Integrations
  • Company
    • About Us
    • Wrench Academy
    • Partners
    • Careers
    • News & Events
    • Contact Us
  • Request Demo
CONTACT USREQUEST DEMO

Cost Control & Cashflow Management

Monitor the cost performance of the project by analyzing the budget, commitment and actual spend data by integrating with ERP systems. Generate Realtime Earned Value Cost curves and dashboard for stakeholders to take proactive actions to eliminate cost overrun.

Cost Management capabilities

VIEW BENEFITS

Monitor the cost performance of the project by analyzing the budget, commitment and actual spend data by integrating with ERP systems. Generate Realtime Earned Value Cost curves and dashboard for stakeholders to take proactive actions to eliminate cost overrun.

“100% time saved due to assurance of working with the latest drawings and documents, 100% savings due to quality process being properly enforced, 100% payment realization due to real-time reports.”

Atul R Sandhan, Assistant General Manager - Civil, Tata Consulting Engineers

Client
5 %
Quality Assurance
90 %
Payment Realization

*Based on customer feedback

0 X
Quicker Billing Clearance

Create and Manage Budget

Create cost break structure with standardized cost codes and capture the budgets, commitments and payment milestones. Associate the milestones to project activities and its schedule.

Cash flow planning & monitoring

Forecast revenues & expenditures and monitor the cash flow in real time. Get notified if there is impact on cash flow due to delay or progress in deliverables

Cost Control

Monitor the actual costs incured Vs planned for each cost code. Monitor on Earned value Curve based on realtime information through integration with ERP. Also monitor cost based on Value of work done and take necessary corrective action to prevent cost overrun.

Complete cost control toolkit

Minimize cost overruns with a powerful cost control toolkit.

REQUEST FOR A DEMO

Budget & Cashflow Features

Create and Manage Cost Codes
Budget Definitions
Cost Breakdown Structure
Link Budget with Activities & Project Schedule
Configurable Workflows to track Actual Costs & Revenue
Track actual cost against budget (PO Registration)
Link payment terms to actual costs
Revenue vs Budget S Curve
Revenue milestones linked to schedule
Value of Work Done analysis
Book Costs
Track Invoices
Payment Certification
Cashflow Visibility
Real-time Cost Control & Monitoring

Additional Resources

Resource

Case Study

L&T Construction - MMH is India's leading turnkey EPC solution provider of metallurgical projects.

Read More
Resource

White Paper

Thought Leadership: Post-Pandemic Workforce Transformation Potential in the Engineering Consulting Industry

Read More
Resource

Blog

Why can’t the technology alone stop construction project delays: The importance of Project Monitoring in the EPC industry

Read More

Additional Resources

Resource

Case Study: Cushman & Wakefield

The case shares how Cushman & Wakefield used SmartProject to manage all their project management activities from pursuit to closeout.

Read More
Resource

Case Study: Reliance Industries

The case explores how Reliance used SmartProject as an end-to-end fully integrated project performance monitoring system.

Read More
Resource

BLOG : Major Steps of Project Budgeting

The post explores how appropriate estimation methods that suits best for the project and phase will help improve the accuracy of project budgets.

Read More

Request a Personalized Demo Today!

REQUEST A DEMO

Company

  • About us
  • News
  • Contact us
  • Careers

Products

  • EDMS/CDE
  • Bim Management
  • Schedule & Progress Management
  • Cost Management
  • Procurement Management
  • Construction Management
  • Resource Management
  • Quality Management
  • Safety Management
  • Risk Management
  • Snagging and Project Closure
  • Integrations
  • Construction Monitoring & Control
  • Contract Management
  • Project Portfolio Monitoring

By Companies

  • Owner
  • PMC
  • Consultant
  • EPC Contractor
  • General Contractor
  • Equipment Suppliers

Resources

  • Resource Centre
  • Blog
  • Case Studies
  • Projects
G2 high performer

Contact

  • Icon [email protected]

    Subscribe to our Newsletter

    © 2023 Wrench Solutions. All rights reserved.

    Acceptable Use Policy | Privacy Policy