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CostTracker

Name: CostTracker
Rating: 4.5 (2 reviews)

By T&T Innovations

929 Interested

Highlights : About CostTracker

Access Controls/Permissions

Percent-Complete Tracking

Reporting/Project Tracking

Sourcing Management

Budget Management

Collaboration

About CostTracker

CostTracker is a cloud-based purchase order solution, which assists businesses with cost tracking and purchase order management. Key features include budget control, collaboration, workflow management, invoice processing, data synchronization, and reporting. The CostTracker platform enables users to create purchases, define digital approval processes, track cost, and set budgets with multiple categories for purchase orders. It enables managers to check the approval status of purchase requests, set up role-based permissions for team members, add comments or modifications to purchase orders, and maintain documentation for auditors. Plus, team members can access all purchase requests on a unified portal, in order to enhance quality assurance and decision-making. With CostTracker you can choose to continue using your accounting system for invoice approval. CostTracker will then read the accounting transactions and match these with purchase orders in CostTracker. You can also attach invoice transactions directly to budgets in CostTracker making sure you are 100% aligned with your accounting system. CostTracker offers an application programming interface (API), which facilitates integration with various third-party accounting systems. It helps users synchronize invoices to provide insight into financial commitments and budget statuses. Businesses can also use CostTracker to implement three-way matching to identify fraudulent invoices, incorrect deliveries, missing goods, and more, preventing payment-related discrepancies.

Specifications

Business Size

Startup

Customization

Yes

Deployments

Cloud

Language Support

English,Norwegian

Platforms

Product Details

Features

Access Controls/Permissions

Budget Management

Collaboration

Percent-Complete Tracking

Purchasing Reports

Receiving/Putaway Management

Reporting/Project Tracking

Sourcing Management

Spend Management

Benifits

Real-time budget tracking

By assigning your purchase order to a budget you get full control on your financial commitments. With our budget module you can set up budgets as detailed as you like. Our system automatically aligns with the final invoice making sure you are 100% on track at all time.

Integrations or accounting system synchronization

You can use CostTracker stand-alone or integrated with your accounting system. Contact us for more information about how we can integrate with your accounting system.

Digital approval process

Tired of filling out templates and sending purchase requests via mail and paper? Trying to figure out who was supposed to approve your purchase request? With a digital approval flow these frustrations will be vague memories.

3-way matching

3-way matching is your security for correct payments. A well-documented process to find payment related discrepancies. Most companies receive numerous invoices with errors. A 3-way matching process is a secure way to ensure correct payments. A core feature of CostTracker.

Professional purchase orders

Crystal-clear agreements on every purchase made. No room for misunderstanding means better cost control for you. Add your company info and logo and it’s ready to use.

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