Tracks, Accumulates and Builds a Company’s Intellectual Property
January 8th, 2010 – Scottsdale, AZ – Hard Dollar Corporation, the premier provider of Project Cost Management, today announced the launch of HD version 10, providing a powerful Historical Database, support for International operations, and improved usability and reporting.
Centralized Cost and Productivity History
Designed as the premier Project Cost Management solution for the Oil and Gas, Infrastructure, Building, Utility, Energy, and Mining markets, the HD Historical Database serves as a centralized library of definable construction activities driven from company legacy and third-party cost data from Richardson and RSMeans — including cost estimates, progress measurements, as-built project costs, and productivity measures.
“The primary challenge of organizations managing large capital projects is understanding and maintaining confidence on where the project cost number came from,” said Doug Nicholas, CEO of Hard Dollar. “Maintaining and growing profitability while increasing market share during challenging economic times demands accuracy driven from a historical database in order to provide real substance for the number our customers generate. Customers use HD to consolidate existing data sources into a single historic database, leveraging their intellectual property to analyze past cost estimates, as-built data, measure productivity, and improve overall planning to win more work and increase profits.”
The HD Historical Database enables organizations to quickly search past budgets, compare them with industry standards and adjust current projects for inflation, currency fluctuation, length, size and location—so they have the information and flexibility they need to reduce risks, control costs and make better business decisions.
Enhanced Reporting and International Multi-Currency Support for Global Operations
Providing an enhanced user interface, role-based navigation, in-depth reporting and International multi-currency support, HD version 10 is designed to improve processes, accelerate response times, and offer increased accurate cost, productivity, and progress controls.
“Many of the new features and enhancements in HD version 10 were driven by changes in the PPM (Project Portfolio Management) industry space. In order to stay competitive in the evolving world of capital projects, owners and contractors have had to get creative, with many pursuing partnerships, hiring young talent, and expanding their global presences,” said Nicole Stephano, VP of Hard Dollar Product Strategy, “We’ve designed HD version 10 to meet the technological requirements these initiatives create.”
HD version 10 features a new, smart user interface that offers desktop organization and quick access to forms, reports, tools and settings. Easy to learn and user friendly, the new interface allows users to customize the application for rapid identification and retrieval of favorite forms and reports, as well as locate tools and settings more efficiently. Customer feedback on the new features has been resoundingly positive.
“The new reporting capabilities in HD version 10 are exactly what we need,” said Sam Cardwell, Estimating Technology Coordinator for Zachry Industrial, Inc. He believes his company will benefit greatly from the report formatting and printing functionality in HD version 10. “We used to rely on Excel for the bulk of our reporting needs, but with new features like watermarks, print-to-PDF, and an extremely helpful Print Preview option, HD version 10 simplifies how we view and print our reports.”
For owners and contractors with global operations, HD version 10 provides additional functionality to estimate and track projects in any international currency. Whether projects are funded by international financial institutions or partnered with vendors and subcontractors in different countries, HD version 10 offers true multi-currency support that helps streamline global operations.
In addition to a new user interface and multi-currency support, HD version 10 includes a number of new features and enhancements, including:
- Role-based Navigation
- Flexible Ad-Hoc and Saved Reporting
- Improved API for Tighter ERP Integration
- Enhanced Usability
About Hard Dollar
Hard Dollar is the premier provider of project cost management software. Owners and Contractors rely on HD to confidently understand costs and measure productivity for large Capital Projects. Global enterprises benefit with improved flexibility to accurately measure progress for earned value, aggregate historical data to accurately bid new work, analyze trends and perform what-if analysis resulting in lower costs, more productive work, and real-time decision making without searching cumbersome spreadsheets.
Hard Dollar systems have been used to construct over $1 trillion in capital projects. For more information on the company or its products, visit harddollar.gate6dev.com.
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