In a business environment where profit margins are continually under pressure, effective cost control plays a pivotal role in ensuring that projects are completed within the constraints of their budgets. It's not just about reporting the current budget of a project, but more significantly, it involves pinpointing areas where potential overspending could occur. This proactive approach empowers project and design managers to take mitigating actions before issues become critical. Thankfully, Autodesk Cost is adept at managing all these facets of project cost control, and much more. What's particularly advantageous is its seamless integration into Autodesk Build. Over the coming months, I'll be embarking on a series of blogs that delve into Autodesk Cost, exploring its capabilities in budgeting, cost management, and forecasting. To kick off this series, I'll provide an overview of the platform and highlight some of the workflows that enhance productivity. Since Autodesk Cost is built on the Autodesk Construction Cloud platform, it includes all the features of Autodesk Build. Moreover, it establishes links to various elements like Issues, RFIs, Submittals, and Assets, just to name a few, thereby enabling the identification of potential factors that could impact project costs. In upcoming blogs, I'll delve deeper into the various workflows that Autodesk Cost supports. In brief, it comprehensively covers all facets of budget and cost management. This includes everything from handling payment applications, both incoming and outgoing, to full change management processes. All feeding into the forecasting module and its insight and Power BI dashboarding capabilities, both project-specific and across all your projects. Furthermore, document templates can be configured to create contract documents, payment requests (amongst others) directly from the system. The forthcoming blogs will delve deeper into the intricacies of cost and change management workflows, so be sure to visit our Insights pages for the latest articles and webinars. The payment application workflows will also be covered in more detail. To get a sneak peek of what's on the horizon, take a look at the diagrams below. Apart from the workflows and features that we've discussed earlier, it's worth highlighting that Autodesk Cost offers an exceptional degree of customisation. You have the flexibility to tailor it to your specific needs, ranging from simple terminology changes to suit your organisation, through contract types, change order types, rounding options, to custom approval workflows, tax calculations and financial markups, and multi-currency support. For those looking to elevate their operations, ERP and Accounting system integrations can be configured. These integrations can span a spectrum, from simple information export and import using Excel (a surprisingly effective approach depending on the volume and frequency of transfers) to fully automated implementations. However, it's important to note that such integrations may incur additional costs beyond the Autodesk Cost subscription. If you would like to understand some of the other great features of Autodesk Construction Cloud, read some of my other blog posts.
For more information on Autodesk Construction Cloud, view our product page. Alternatively, please get in touch with SYMETRI on [email protected] or call us on 0345 370 1444 if would like to arrange a demonstration / discussion of Autodesk Cost and begin your journey towards greater control of your project costs and look into the future with the powerful forecasting module.
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