10 important values you get from using CostTracker

Searching for the best purchase order system is difficult. So, what separates CostTracker from other solutions in the market?...

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Purchase order

Purchase Orders vs. Purchase Requisitions

Have you ever found yourself stuck because the purchasing process in your project becomes a bottleneck? Maybe you’ve faced...

September 10, 2024

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Cost Control

Cost control in projects: Best practices and pitfalls

Are you tired of your projects constantly going over budget? Keeping costs under control without compromising on quality can...

August 5, 2024

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Procurement

7 benefits engineering companies get from purchase order systems

Managing purchases can be stressful. Spreadsheets and Word documents can quickly turn into a mess of numbers and notes,...

July 8, 2024

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Cost Control

How to ensure an effective procurement process for projects in your company

Making sure your company’s procurement process runs smoothly is like having a strong backbone for your projects. This is...

June 3, 2024

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Cost Control

Effective Cost Control in construction projects

Budget overruns or cost overruns are unfortunately not unfamiliar concepts, especially for those working within the construction industry. Challenges...

May 7, 2024

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Purchase order

10 Reasons for Using a Purchase Order Approval Software

Using software for purchase order (PO) approval, does not only save you tons of time but comes with additional...

January 8, 2024

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Business

What is Committed Expenditure?

Every time you order something from a supplier, you make a commitment to pay something in the future, also...

September 10, 2023

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Purchase order

What is a Purchase Order (PO)

A purchase order (often referred to as PO) is a legally binding document that is issued by a buyer...

September 8, 2023

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Purchase order

5 Common Challenges of Not Using Purchase Orders in Projects

5 Ways Not Using Purchase Orders Can Hurt Your Projects Purchase orders (POs) are a common way for project-based...

September 5, 2023

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Cost Control

What is 3-Way Matching?

What is a 3-Way Matching Process A 3-way matching process is an internal control procedure that compares three documents:...

September 4, 2023

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Cost Control

What are Liquidated Damages?

Definition of Liquidated Damages Liquidated damages are a pre-agreed amount of money that one party to a contract agrees...

September 4, 2023

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Cash-Flow

What is a Cash Flow Forecast and Why is it Critical in Your Business?

For most businesses, a cash flow forecast is the single most important factor for keeping control of their business....

August 31, 2023

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