ZONE SIGHT

More effective financial management in cooperation

 

Zone Sight guides construction project parties to make informed financial decisions at the right time. The solution combines cost management, procurement, payment approvals and change management into a whole that serves the project owner, site management and suppliers.

 

UTILIZE ZONE SIGHT AS

 

Project Owner

  • Monitors the up-to-date actual costs of the project

  • Accepts the final cost estimate

  • Is aware of change needs and their cost and schedule effects

  • Decides on scope changes

  • Utilizes documented decisions in the project closeout

Main Contractor / Consultant

  • Monitors the up-to-date actual costs of the project

  • Predicts the final cost

  • Make procurement

  • Checks the work and approves payment installments

  • Defines change needs and requests quotations

  • Orders additional and modification work

  • Utilizes documented decisions in the project closeout

Subcontractor

  • Tracks contract payments

  • Asks for invoicing permission when the work is done

  • Respond to requests for quotations

  • Utilizes documented decisions in the project closeout

FEATURES

 

Manage project costs

Project costs are transparently visible to project parties. Committed costs reflect the progress of procurement. Actual costs are updated regularly. Final cost forecast is reviewed and reported. Cost history helps to understand changes.

Purchase from suppliers

The procurement process ties target costs, activity codes and packages together. It provides a consistent way to manage the RFQ process. The purchase decisions lead to agreements and committed costs. The supplier compliance status is maintained. You can evaluate suppliers and their deliveries.

Keep track of payment schedule progress

With payments scheduled in time and connected to contract, you only give invoicing permission when work has been completed. Since all the decisions and approvals are documented, you can easily go back in history to sort out issues.

 

Manage all upcoming change requests

Parties can request or propose changes at any time. You understand the impact to costs and schedule from the proposal. You can review and approve each change before work begins. Project closeout becomes more straightforward process.

Integrate your systems and applications

With our open REST API you can exchange financial data between Zone Sight and to your preferred systems and applications.

For instance, you can read the cost data of all your projects and utilize it in your business reporting system (e.g. Power BI).

Do you prefer the enterprise version?

Do you feel that the standard capabilities and configurability of Zone Sight are not enough? Then please consider our enterprise version.

For instance, we can develop new functionality for your specific needs or provide support for end-users.

 

CUSTOMER STORY
Improving Payment Control in YIT’s Tripla project

Project management realized that they need to enable better way to collaborate with subcontractors.

 

 

More effective financial management in cooperation