Track differences between planned and actual job costs and gain insights into why variances may occur. Provide project managers with total visibility on jobs and related costs, ensuring monitoring project progress is simplified, and risk is easily mitigated.
With job cost reporting in Prophix One, a Financial Performance Platform, teams can identify cost overruns early on and maintain profitability by monitoring project margins. Prophix One’s automatic data consolidation, data integration capabilities, and drillable reporting make it easy to peel back the layers of your data and dig into the minutiae, uncovering the root causes of any variances, enabling your business to respond rapidly to changing conditions.
Analyzing data is made easy and accessible for business leaders. Prophix One provides an overview of integrated data on materials prices, units, wage rates, overhead costs and more, simplifying and automating key analyses of material and labor variances.
This way, you can identify whether a material variance is due to poor procurement planning quickly, or if a labor variance was due to unplanned overtime or increased hourly rates.
Achieve greater cost control, see whether projects are ahead of schedule or lagging, manage your material, labor, and subcontractor costs more effectively, and achieve better project margins overall. Real-time and easily drillable insights mean you can stay ahead of the curve and take proactive action to optimize project margins.
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