Cost value reconciliation (CVR) without the hassle
Cost value reconciliation software that compares your costs to your budget automatically. You just need to approve costs in the system and the budget will be updated automatically to reflect the cost value reconciliation status.
Free 14-day full-featured trial. Full access. No credit card required.
Real-time cost value reconciliation overview instead of manual monthly reporting
Are you tired of compiling monthly reports for the management about the status of the project? You could have the cost value reconciliation done automatically for you by software.
The software updates the budget automatically every time you approve a cost or adjust the target budget. This means that you can just open up the budget view and see what the cost value reconciliation status is at any point in time.
Reduce the risk of overspending
When you approve subcontractor or vendor costs, you can see the agreed-upon and estimated amounts. This means that it is virtually impossible to accidentally overspend on your jobs.
When you knowingly approve a cost that takes any of your jobs over the budgeted amount, Planyard will directly warn you. This additional warning makes sure that you can react to the need for additional finances in due time and avoid any surprises.
Better cash flow management
At any point in time, you can see how much you paid to your suppliers and how much the client has paid you. In addition to that, you can also compare the planned income for the next period compared to the planned expenses. This means that the risk of running out of cash is greatly reduced.
You can also see the historical numbers for cash flow and also easily spot drastic changes in the financials. You can easily track down any outliers that might have caused the project profitability to derail.
Our customers about us
“I wanted to escape the spreadsheets, escape the manual data entry, and look for ways to stay on top of the budget numbers. It’s challenging within a development company to keep on top of your numbers.
So I came across Planyard in a search to improve the budget management processes and, to make my own life easier.
Planyard does that, and it takes your project budget and puts it very clearly on screen for you so you have a live real-time picture of where your project budget is at any given point.”
Manager, Higgihaus Developments
“I have been working on cloud accounting tools like Xero and Quickbooks which are excellent, but they don’t have a specific construction-based costing tool.
Construction companies rely on expensive quantity surveyors and project managers to do a lot of data input on packages such as Excel which takes them away from focusing on value-added activities and driving the profit growth.
When I came across Planyard, I was relieved that there was finally a solution to this problem. Quotes, subcontract orders, purchase orders, invoices, progress bills, etc are put on the system and it’s linked directly to the budget, CVRs, subcontractors, and the suppliers. This is making people’s lives a lot easier. Data is at hand, it’s automated and it gets everyone away from the out-dated requirement to fill out spreadsheets.”
Still using Excel for budget management?
There’s a better way.
Spreadsheets are not the best way for managing job costs
- It’s too easy to make mistakes;
- You can’t see behind the numbers;
- It’s hard to standardize and ensure compliance;
- There’s no real-time overview of profitability forecasts;
- It means duplicate work for PMs and accountants.
Planyard saves time and nerves
Follow your budget in real time and take immediate action when errors occur. Job costs are organized, and fully searchable and accessible for forecasting, project management and more.