Cost Management

Set up budgets, create estimates, and track and control costs throughout the project life cycle with the goal of keeping expenditure within the approved budget.

Benefits

Digitalizing time-consuming processes is the first step to higher efficiency.
With Vault Synapse’s Cost Management you can:

Gain insight into costs​​
Improve performance​​​​
Have a digital approval process​​​​​
Control project costs​​​
Make smart business decisions​​​
Increase cost transparency​​​

Improve your company’s performance by effectively managing costs

Managing costs is one of the most important parts of running a successful business. Cost management is the process where your teams estimate, allocate, and control project costs.​​​

Kanban
Tasks

Customizable dashboard

Have a custom view which fits your cost management workflow.​​

Tracking time

Gain insight into costs

View all project expenditure in one place. With insight into costs, you’ll get a complete overview of the approved budget and proposed project estimates.

Submit for approval with ease

No more chaotic emails, excel sheets, or paper management. All your project estimates and budgets can be sent for approval with a few clicks through one system.

Tasks
Tracking time

Set up a budget

By setting up a budget, you can plan better and control your project expenses.

Tracking time

Be transparent

Having a clear approval process of all your costs allows you to be more transparent and makes it easier to convince your business partners, clients, or colleagues. Without cost management software, it’s almost impossible to get clarity of all your estimated costs, which can be fully or partially approved or denied.

Tracking time

Create a purchase order with ease

Create and approve a fully customized purchase order that’s allocated to your approved budget or estimate, and send it to your supplier.

Tasks

End to end process

Make clear agreements with allocated purchase orders, invoices, or assets to the approved budget.​​

Start using Vault Synapse‘s Cost Management

Gain financial insight into projectsEstimate project costs with easeMake better business decisions

Works great with these modules

Didn’t find what you were looking for?

Contact us and we’ll build the right solution for you. Vault Synapse can be fully customized based on your business needs.