WorkTech Contractor Cost Tracking System™

Controlling contractor costs is an increasingly important priortity for companies in asset-heavy industries. Timekeeping software in the past has typically focused on employee time and attendance, not on contractor costs and time. The Contractor Cost Tracking System (CCTS) has helped companies align contractor costs for more than 17 years with projects, work orders, purchase orders, and other metrics that need to be tracked. Companies benefit from an automated system to keep contractors on budget. The Contractor Cost Tracking System keeps track of employee and physical assets through a single point of entry, reduces the time it takes for contractors to report time and expense, and ensures that projects end on time and under budget.

Automated Contractor Cost Tracking

The Contractor Cost Tracking System (CCTS) delivers transparency to the contractor cost tracking process. Time and materials that are reported by contractors are automatically validated against open purchase orders, work orders, and projects to ensure that the data is entered only once, and that it is a valid charge. Invalid contractor invoices are automatically rejected, saving organizations . Contractors love the system, as it increases the speed with which invoices can be processed, approved, and paid.

All Project Information in One Place

One of the challenges with Contractor tracking is that the costs associated with labor are often tracked separately from the costs associated with equipment. This makes it difficult for contractors and business owners to have accurate insight into the total cost of a project while the project is in progress. CCTS allows contractors to track labor costs and the cost of materials through one easy-to-use interface, and provides total project reporting for contractors and owners alike. This leads to more successful projects as all parties can be kept up-to-date on project costs on a real-time basis.

To find out how your organization can save significant cost through the deployment of Contractor Cost Tracking System, Contact WorkTech today