Cost Management and Control, part of Projectcontrols365 Project Management service we offer, lets you manage your project costs quickly and easily, whether you are billing for project work, managing a capital asset project, or tracking internal project costs – reducing your administrative overhead with highly automated and streamlined project costing processes.

We are able to fully integrate solution which allow project-centric organizations to capture and account for project time, expenses, costs, and commitments from across the their various Application Suite’s, or through third party integrations. Our Standardized cost collection processes and a common small or large scale project experience across construction and infrastructure disciplines, the enterprise deliver expedited project costing, budgetary controls capabilities and timely visibility into validated expenditures. Standardized project cost capture

The administrative burden of managing project costs is reduced with a common standard for project cost collection across the enterprise applications or third-party solutions; with a consistent user interface for collecting costs across the Oracle Fusion Cloud applications which is easily configurable by end-users to meet business needs. 

Whether capturing costs for purchase requisitions and orders, expense reports, supplier invoices, goods shipped on a project sales order, or material requests sourced from inventory, the cost capture elements are defined consistently across applications. All while providing the flexibility to support the needs of each individual document type, for example whether costs captured may be billable or capitalizable. Business user-configured rules control and regulate the types of expenditure charged against a project and are easily managed using optimized user interfaces.

Additionally, cost rate schedules for both labour and non-labour resources are easily maintained through a single simple user interface while payroll costs can be imported from any payroll system and distributed to project or general ledger accounts based on defined labour schedules. One-stop project cost processing A simplified process for importing, validating, pricing and burdening project cost transactions from multiple sources reduces the administrative overhead and significantly streamlines traditional cost processing. Project managers and accountants can see fully priced project costs prior to the expenditure.