Plan, estimate, track, and manage the project finances
Suitable for construction, civil engineering, fabrication, contracting, and manufacturing businesses, the FirstBit ERP Project Cost Management Software helps you estimate projects, track overall spending, manage tasks and activities, control costs, eliminate unnecessary usage of resources, and analyze projects cash flow.
Available as SaaS on-premise and in the cloud, the FirstBit system considers all the requirements of developers, builders, construction companies, contractors, and manufacturers. Moreover, it complies with UAE laws and regulations and is supported by specialists in Dubai, so you never have to worry about local legislation.
Gain complete control over your project expenses with FirstBit Project Cost Management Software
- Project revenue and estimations
- Project cash flow management
- Data-based insights to increase transparency and control
- Streamline Interdepartmental communication
- Financial and operational indicators for every project
Key Features of FirstBit ERP Project Cost Management System
- Project Estimating and Budget: Import Bills of quantities, create estimates and budgets for each project considering the expenses to improve your profitability. You can create and use estimates and budgets for any number of projects in FirstBit.
- Project Details: Find every detail of a project, such as estimates, budgets, financial documents, resources required, and deadlines, in one place.
- Revenues and Costs: Leverage accounting to manage the revenues and costs of each project to ensure you don’t go over budget and generate a higher return on your investment.
- Purchases and Sales by Project: Track how much you spend on material purchases, subcontractors, overheads for each project using the bill of quantities items and billing status for the same to ensure you are on the profitable path.
- Cash Flow by Project: Keep note of how much cash flows in and out of your organization concerning specific projects and avoid financial issues and cash gaps.
- Project Progress Updates: With FirstBit ERP it is easy to prepare and submit Project progress updates to your Consultants and Clients. Project progress data is also connected to the software’s finance and accounting module.
- Project Time Cards: You can maintain time card entries for in-house and hired labor, equipment, and assets to ensure proper project cost allocation.
- Cash Flow Management: With the FirstBit construction project cost control software, you can get a bird’s-eye view of the cash flow for all the ongoing projects in your organization.
- Procurement and Billing: Keep track of all your BOQs and sales receipts/invoices in one place. Match them to determine profitability and ensure accurate accounting with FirstBit ERP System.
- Project Profitability Management: Determine the project’s ability to yield a profit even before signing a deal. Keep track of profitability at all project stages to ensure you’re reaching your goal.
- Project Cost Control: Monitor your projects’ costs in real-time using the FirstBit cloud ERP and implement control measures before it's too late.Track available BOQ Items, what was requested, placed in POs, what was received, and what is still pending.
- Financial and Operational Indicators of Projects: Define your KPIs to track in real-time the metrics that matter the most to your organization: Earned Value (EV), Schedule Variance (SV), Cost Variance (CV), Schedule Performance Index (SPI, Cost Performance Index (CPI), Estimate at Completion (EAC), Variance at Completion (VAC).