FEATURES

COST CONTROL &
MANAGEMENT
SOFTWARE

COSTRAC

A flexible and powerful tool for managing inter-alia budgets, forecasts, commitments and costs in a project environment.

Costrac integrates to your accounting systems such as SAP, Accpac, Tranquillity or DeltaERP etc. Costrac can also integrate to your project scheduling system such as Microsoft Project, Oracle Primavera etc.

Costrac helps you manage all cost transactions in a project to report on progress and forecast where the project is going.

PROJECTS ON TRACK

Control authorised expenditure committments against budget while tracking change requests, actual costs and earned value.

FLEXIBLE & ADAPTABLE

Widely recognised by industry leaders as the most flexible tool available capable of project forecasting and cash flow management throughout the project schedule.

FORCAST PRECISELY

Detect problems long before they escalate, measure earned value and key project cost ratios to predict end points of cost and schedule.

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SCOPE MANAGEMENT

Grouping of projects and Sub projects
Breakdown of work into cost and schedule elements
Ensure all work is defined
Dictionaries, pick lists

WORK MANAGEMENT

Group cost elements into work packages
Assign work package owners
Charge out rates for resources
Release work to resources
Timesheet

COST MANAGEMENT

Flexible account codes
Units of currency and project based currency
Group costs into types
Budgets and commitments
Vendor Invoice reconciliations
Record accrued costs

FORECASTING

Forecast final costs, cost to completion
Cost trend analysis
Linked to schedule – time phasing information
Standard EV reports and analysis

BUDGET

Current Budget
Original and current baseline
Budget change management – change notes and orders

PROCUREMENT

Create procurement packages linked to cost elements
Enforce project procurement strategy
Capture and monitor vendor specific data

COSTRAC EDITIONS

MANAGE BUDGETS
FORCASTS & MORE

CLOUD EDITION

Shorter Projects

Setup Multiple projects and associated configuration
Full transactional functionality
Cost/Schedule intergration
Analytical tools
Data archiving and warehouse
Single User

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SERVER EDITION

Large Projects

Setup Multiple projects and associated configuration
Full transactional functionality
Cost/Schedule intergration
Analytical tools
Data archiving and warehouse
Single User

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FREQUENTLY ASKED QUESTIONS

What are the system requirements?

Each edition (desktop, server and cloud) has a different set of requirements which can be found in the detailed specifications by clicking the “Learn more” button in the version comparison table above.

Costrac is built on Microsoft technology and the installed versions will only run on Windows desktop and servers. The cloud version is hosted on PACE servers and can run on most browsers that are connected to the web.

Can I upgrade between editions?

The upgrade process is documented in the product documentation. You can upgrade from Desktop to Server edition. You will need to move the data between versions. It is not possible to downgrade from server edition to a smaller edition without some data loss.

Note that the desktop edition is currently at Version 6.2. It is not possible to move from a version 6.3 edition to a version 6.2 edition.

Do you provide training & support?

Training and support is provided by our accredited channel partners. Partner provide level 1 and 2 support, as well as support for your customisations. PACE provides level 3 support for all products (which means that we are responsible to fix bugs and defects). Training is provided in classroom, on-site or online.

Do you offer refunds?

Costrac is specialised software and you are encouraged to evaluate it before making a purchase using our demo system. Our partners will work closely with you to determine the scope of your licence and installation, so it is unlikely that there will be a request for refund during the project. We do offer a full refund for the desktop edition within 21 days of purchase.

What if there is no channel partner in my country?

PACE works with independent consultants and partners located around the world. We have a global resource pool of resources that provide coverage of regions where there is no established channel partner. We are actively building our partner network and encourage you to refer potential partners to us if your region is under serviced.

The ideal profile of a successful channel partner is a company that is specialised in cost engineering and project management, and that has a sound technology capability as well.