Each order
for parts is allocated to a machine and tracked through to payment.
Likewise, we record fuel and oil issued per machine. These
costs can then be viewed or graphed, individually or in total, on a
monthly basis, projected into the future, and compared to budget.
Capital costs and interest can be included. Non-performing
machines, or classes of machine, can be identified and replaced.
EquipCost is applicable to mobile equipment in general and
can be used in the earthmoving and material handling industries.
This includes for example; construction, mining, industrialised
agriculture, forestry, materials handling and plant hire. The
highway transport industry is another possibility.
Users say that EquipCost is easy to learn to use, and
quickly becomes a reliable and user-friendly source of information
for management on the shop floor. It provides an easy-to-get
answer to the question “how are we doing?” –rather than a store of
complex engineering data that requires high-level analysis before it
can produce information that the shop floor can relate to.
For the Accountant and the Chief Financial Officer, the program
becomes an invaluable tool. Procurement orders are tracked
from order through to payment: The monthly status reports that
can be generated about this are extremely useful for the compilation
of monthly financial statements.
The software
has now reached a stage of sophistication and has a long enough
track record of proven results for it to be licensed to other
companies
on a monthly or annual basis.
EquipCost can be run on a single PC or
a network running Microsoft Windows. The program compliments
the
Equipment Cash Flow (EquipBudget)
system mentioned here.
EquipCost
records historical data and is a useful check on the input to
EquipBudget,
which looks at future cash flows.
Other Features
- Draw a Service Schedule
- Run actual LCC (Life Cycle Costs)
- Check for warranty claims
- Check for double payments
- Show outstanding orders
and payments
- SMR (Service Meter Readings) reports
- Breakdown of costs into categories, i.e.
R&M (Repairs and Maintenance), Filters, T&T (Tyres
and Tracks), GET (Ground-Engaging Tools), Oils & Lubes, and Accidents.
- Weekly, monthly, and yearly cost
reports
- Export data to run a monthly Excel
or PowerPoint presentation.
- Export new orders into a CSV file that can be
imported into Pastel Accounting.