Wrench Solutions - Project Management Information System
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Cost Control & Cashflow Management

Manage your project finances optimally.

Controlled Cashflows

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The Cost management tools for EPC projects. Define the cost break down structure and the associated budgets. Capture the commitments and payment milestone for procurement items and define the planned expenditures and billing milestones. Capture the actual spend and monitor on S-Curve in real-time and take necessary corrective action to prevent cost overruns. 

“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.

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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: Cushman & Wakefield

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

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Resource

Case Study: Reliance Industries

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

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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.

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