Costing - Budget Smarter

Accurate costing, efficient budgeting, and improved profitability. Experience the power of our costing module

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construction cost management

Experience the power of CMS Costing

From estimating to analysis, we've got you covered

Real-time Cost Visibility

Gain instant insights into project costs, material expenses, and labor expenditures with our real-time dashboard

Predictive Cost Modeling

Utilize historical data and current trends to forecast future costs and identify potential cost-saving opportunities.

Scenario Planning

Explore different cost scenarios to assess the impact of price fluctuations, volume changes, or economic conditions on your business

Automated Expense Recognition

Streamline expense management with AI-powered technology that automatically categorizes and allocates costs

construction financial management

Project Management and Financial Control

CMS Costing offers comprehensive project management and financial control capabilities. It allows for simultaneous tracking of multiple projects, breaking them down into phases for better organization. Costs are meticulously categorized and tracked, providing insights into ordered amounts, unpaid balances, and invoices.

The system offers flexible data visualization options, enabling users to analyze financial performance effectively

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Cost Categorization

Integrated cost management features enable detailed cost categorization, tracking of financial metrics, and comprehensive financial performance analysis. Users can visualize data through customizable reports and graphs for informed decision-making.

  • The Detailed Cost Breakdown: Categorize costs into specific subcategories (e.g., labor, materials, equipment, subcontracts) for granular analysis.
  • Cost Center Allocation: Assign costs to specific departments or project components for accurate tracking and budgeting.
  • Customizable Categories:Create and manage custom cost categories to fit specific project requirements.
  • Cost Element Tracking: Monitor the composition of total costs, including direct and indirect expenses.
cost management

Financial Tracking

Control at Your Fingertips

construction cost management
CMS provides real-time insights into financial performance, enabling proactive identification of potential issues. Comprehensive reports on income, expenses, and profitability are generated to facilitate informed decision-making. By comparing budgeted amounts to actual spending, effective cost control is achieved. Additionally, monitoring cash inflows and outflows optimizes liquidity management.
  • Real-time Monitoring: Track financial performance in real-time to identify potential issues early
  • Detailed Reporting: Generate comprehensive reports on income, expenses, and profitability
  • Budget vs. Actual Analysis: Compare budgeted amounts to actual spending for effective cost control
  • Cash Flow Management: Monitor cash inflows and outflows to optimize liquidity
cost tracking management
Variance analysis

The CMS costing module enables robust variance analysis. By pinpointing deviations between budgeted and actual costs, users can delve into root causes such as price fluctuations, volume changes, or operational inefficiencies. This analysis facilitates performance evaluation and empowers informed decision-making through the development of corrective action plans to address unfavorable variances and capitalize on opportunities

  • Identify deviations: Pinpoint discrepancies between budgeted and actual costs
  • Uncover root causes: Determine underlying factors contributing to variances
  • Measure financial impact: Assess the effect of variances on overall project performance
  • Develop corrective actions: Create strategies to address unfavorable variances and capitalize on positive trends.
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Check Out Variance
CMS desk Integration
Connection to modules for procurement, HR, or inventory
Integrations
  • Procurement Module: Real-time integration with procurement data to accurately reflect material and service costs.
  • Inventory Module: Integration to track inventory levels and costs, impacting overall project expenses.
  • Human Resources Module: Integration with HR data to calculate labor costs accurately.
  • Accounting Module: Seamless transfer of cost data for financial reporting and analysis

Comprehensive Cost Management

Real-time Cost Tracking

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CMS costing dashboard

Data Visualization

See your data, understand your business

Charts & Graphs
Charts & Graphs

Employ line, bar, and pie charts to illustrate cost trends, comparisons, and proportions

Dashboards
Dashboards

Create interactive dashboards to monitor key performance indicators (KPIs) and project health

Geographic Information Systems
Geographic Information Systems

Map project locations and associated costs for spatial analysis

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Frequently Asked Questions

  • 1. What types of costs can I track with your costing module?

    Our costing module allows you to track a wide range of costs, including direct materials, labor, overhead, and indirect expenses. You can also monitor project-specific costs and compare them to budgets

  • 2. How does the costing module help with budgeting?

    The costing module provides essential data for creating accurate budgets. You can forecast costs, track spending against budget, and identify potential cost overruns.

  • 3. How does the costing module integrate with other parts of CMS Desk?

    The costing module seamlessly integrates with procurement, HR, invoicing, and other modules. This ensures accurate cost data transfer and efficient financial management.

  • 4. Is the costing module user-friendly?

    Our costing module is designed with user-friendliness in mind. It features a intuitive interface and clear navigation, making it easy to use for users with varying levels of financial expertise.

  • 5. Can I create custom cost reports?

    Yes, our costing module offers flexible reporting options. You can create custom reports to analyze cost trends, identify cost-saving opportunities, and make informed business decisions.

  • 6. Can the costing module help improve profitability?

    Absolutely. By providing detailed cost information, our costing module helps you identify cost-saving opportunities, optimize pricing, and increase profitability.

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