4castplus 4 EPCM
Get a Competitive Edge with Total Project Cost Controls, Real-Time Reporting, Estimating, EVM and Integrated Procurement
EPCMs large and small today are recognizing the need to deploy project cost controls practices. Customers are demanding it. The benefits are proven.
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.
Engineering and Procurement
- Timesheets for labor-intensive services – directly integrated with projects and invoicing
- Full Project Cost Controls with Real-time Reporting
- Powerful Project Estimating, including flexible cost and billable structures. Detail estimates on labor hours by resource and resource class.
- Cost and Billing rates management
- Lump sum, cost reimbursable and unit price contracts. Support for convertible contracts.
- Multiple revenue reports including hours billed to date, WIP, hours remaining, backlog
- Manpower loading and workforce management tools and reporting
- Built-in Customer Invoicing system – bill on progress, time & materials or both
- Integration with Financial Accounting system / ERP
- Tightly Integrated closed-loop Procurement System with full visibility into vendor commitments
- Purchase Order Management including commitment tracking & reporting
- Create RFQs and notify Vendors in a few clicks
- Change Order Management with approvals and tie-in with procurement
- Vendor management and reporting including vendor productivity and rating
- Scroll down to see more on E&P features
Construction Management
- Accurate project cost detailing and estimating for LEM
- Time-Phased Budgeting. Click here for more…
- Forecasting for Earned Value Management
- Real-time Project Tracking & Reporting for LEM
- Share Key Documents and collaborate with clients – Project Team-Room Portal
- Extremely powerful Cash-Flow Reporting
- Manage Multiple Client Accounts for Construction Management
- Change Order Management with Approvals and tie-in with procurement (SCO)
- Synchronize schedule with MS-Project. Click here for more…
- Configurable cost-controls features
- Manage Contingency Reserve. Click here for more…
- Document Control. Upload and attach any documents, forms, diagrams, etc.
- Create “Programs” as a portfolio of projects and achieve powerful program-level reporting
Screenshot of the project dashboard:
Fully Integrated Engineering Procurement System
- Purchase Requisitions
- RFQ
- Purchase Orders
- Commitment Tracking
- Expediting
- 3-Way Match (Commit, Incur, Invoice)
- Vendor Change Orders
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:
Track your Hours, Costs and Billings
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.
Status Reports in Real-Time
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:
Earned Value Management
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 and Accrual Planning
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.
So Much More to Talk About
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!
Click on the links below to see more:
- Quick Tour
- Free Demo
- Video showing some tracking features
- Video showing some reporting features
- Click here to Contact Us. Or call us on: 1-855-427-8757 (1-855-4CSTPLS)
