4castplus delivers a fully integrated solution for EPCs to not only realize complete project cost controls, Estimating and Earned Value Management; but to additionally unify all engineering procurement software needs in a closed-loop system that tightly connects the project to purchasing.
If you’re an EP, EPC or EPCM looking to Do More, to Deliver Results and to Differentiate Your Business, 4castplus has the premier end-to-end solution to ensure you can do exactly that. Read on to learn more.
Screenshot of the project dashboard:
When it comes to procurement, 4castplus has it all. It’s all integrated together so no data gets lost, and you never have to copy information from one place to another. There is no disconnect between project and purchasing with 4castplus; everyone’s looking at the same information. Current, accurate information. Costs are incurred on the project as commitments are tracked, so there’s no delay in recording costs from vendor progress. No more surprises at the end of a project as invoices roll in from your vendors. You can also simplify the document management of RFQ and Purchase Orders by utilizing the 4castplus Team Room Portal to share key documents and information without having to rely on email. Everything’s transparent between you, your vendors and your clients so you can rid yourself of that communication gap and clutter of spreadsheets. You simply can’t find better engineering procurement software on the market. Have a look at this article for more: http://www.4castplus.com/close-the-project-procurement-gap/.
Purchase Requisition from Procurement where RFQ or POs can be created:
Time-tracking of your engineers, project managers, procurement team, and other staff is a key part of ensuring your own business billings and metrics are on track.
4castplus comprehensive timesheet tracking system covers the full range of tracking, billing, and reporting needed for labor-intensive service organizations. Packed with features, it’s everything you’ll need in a time management application. Seamless billing, easy integration with your accounting system (ERP), utilization tracking, approvals and a multitude of reports. With its easy-to-use interface, timesheets can be completed in seconds. And, as a cloud-based system – they can be entered from anywhere and on any device. Costs and billings are accumulated in real-time, so you can get immediate cost and billing status on your projects. Invoices can be prepared in a snap and uploaded to your client account in another snap. There are numerous revenue reports for billed to date, billable remaining (by hours or $). WIP report, backlog, prior year reporting and more.
It’s all connected together so you don’t have to buy separate systems to manage & control client projects and track your own time. Check out this video for more.
Delivering on-demand reporting to clients is critical for the EPCM who wants to stand out as the one who always knows what’s going on. With 4castplus, everything is available in a single click and easily published to customers for immediate status reporting. Progress reports, procurement reports, tracking, expediting, costs, EVM, trends and cash flow – all easily accessible for clients to view at your discretion.
Sample Revenue Quick Report:
4castplus has built-in robust Project Forecasting and Earned Value Management system. This provides excellent performance metrics to identify any issues that may be occurring to provide an early-warning system so that issues can be addressed early in the project. It also enables users to anticipate project results to enable good project transparency and reporting. No-one likes surprises at the end of a project that you’re over budget, so it’s key to share this kind of information early and often to avoid misunderstandings and apply corrective action. Cost Variance, Schedule Variance, ETC, EAC, CPI, SPI are all tracked & trended.
Time-Phased budgeting is critical for cash flow management. Knowing that you have a $70m project is important, but knowing when that $70m is going to be spent really brings it to the next level of project financial planning and cost control. By using real contractual agreements as to when items are planned to be paid for, the project manager is then armed with an accurate timeline that predicts project spend patterns. You can even aggregate many projects together in a Forecast Spend Summary report to gain a month-by-month insight into total project expenditures. 4castplus engineering and construction estimating software is by far the most robust and easy to use system available anywhere.
4castplus is a clear fit for Engineering, Procurement, Construction Management organizations looking to adopt the most advanced technology on the market. We could go on and on, but we’d love to show you. So please contact us for a free demo to see it for yourself!
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