Engineering

Engineering teams need to be cost efficient yet innovative to be successful. Projects are often complicated and can run over a long period of time and include multiple procurements. With many stakeholders in the projects the need for efficient tools increase.

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Typical challenges that engineering teams encounter are:

challenges

Long lead-time on purchases, making cost control difficult

Ensure accurate orders delivered in time with project milestones (avoid liquidated damages)

Difficult to keep track on total cost in project (project accounting)

Hard to estimate the project’s cash flow

Data from multiple fragmented data sources need to be manually consolidated

CostTracker has proved to be a valuable tool for engineering teams where procurement is part of their project.

Our clients within the engineering industry highlight these points as important for them

All procurement processes in one tool – from planning to invoice processing

You achieve real-time cost control

Cash flow forecasting is no longer a challenge

You have a one-stop-shop for important project information

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