Cost Management System

More Effective Budgeting

Cost Management System Features

Cost Approval Process

The cost approval workflow is streamlined because relevant individuals can block or approve an expense easily, straight via mobile or desktop. Assign costs to a work order and get feedback on whether you have approval.

Daily Monitoring Dashboard

Simplify the invoice process between tenants and building managers. The dashboard shows updated information about unpaid and overdue invoices. Tenants can instantly view receivables and managers can create & send summaries without wasting time looking for data from various work orders.

Preventive & Reactive Maintenance Costs

Know how much preventative and reactive maintenance is costing you thanks to accurate information about time worked & material costs for each work order. Find out what equipment called for unnecessary expenses so you can upgrade, replace or repair to prevent further losses.

Managing Property Costs

Make it easier to manage utility, service and other costs between tenants. For each invoice you can accurately calculate the percentage split of each tenant thanks to detailed information on the Singu facility management software.

Cost Monitoring

On the facility management technology platform you’ll find many automated report options, relevant to building management. Use them to view details about operational spending and make informed decisions to improve future processes.

Budgeting

Plan effectively by using the accurate summaries of maintenance and technical services expenses. This can be exported as a detailed statement, providing insightful data to budget separately for each building according to historical data.

Benefits of Cost Management Software

1. Tracking of All Real Estate Spending

Real estate managers should consider investing in cost management software as it allows them to track all spending within one platform.

Track expenses throughout all your properties so that you can easily see the state of your company's finances. This is a step up from the spreadsheets that were once used by most real estate managers to keep track of their expenses.

2. Streamlined Managing Property Costs

Gather accurate information about the time and materials costs associated with tickets, on-site inspections, or on-site visits, and generate quick reports based on these costs afterwards.

Cost management software makes it easier to manage utility, service, and other costs, such as media costs and own costs between tenants. Thanks to detailed information on each invoice, you can calculate the percentage split of each tenant.

3. Real-Time Cost Acceptance Approvals

By allowing relevant individuals to reject or accept expenses directly from a mobile device or desktop, the cost approval workflow is streamlined.

Assign costs to work orders and get feedback on whether they have been approved. You can use cost management software to estimate the financial aspects of a project.

Check Out More Features of Singu FM

Preventive Maintenance Software

Create an effective maintenance plan to keep maintenance checks on schedule and reduce repair costs. With easy scheduling software for service technicians, reminders and all relevant information on hand, it’s easier to manage the maintenance team and keep buildings well looked after.

Read More

Equipment Management Software

Managing of assets can be complex but it becomes easier when one asset maintenance management software empowers you to monitor inventories, system conditions, warranties, maintenance and more. Get easy access to data to enable a cost effective method of fully utilizing assets’ lifecycles. When action is necessary, easily manage the appropriate tasks and role players.

Read More

Workflow Automation

Improve productivity and set ‘if-then rules’ to create time saving automated workflows.

Read More

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