SOURCE: Hard Dollar Corporation

Hard Dollar Corporation

August 15, 2012 08:18 ET

Hard Dollar Releases V12 of HD Software to Close the Gap Between Estimating and Accounting

Benchmarking, Change Management, and Other Enhancements Create a Closed-Loop Solution for Project Cost Management

SCOTTSDALE, AZ--(Marketwire - Aug 15, 2012) - Hard Dollar, the creator of project cost management (PCM) software for capital and asset-intensive projects, announces today the release of HD V12. Customers and partners helped shape the numerous enhancements to this new version that empower users to quickly and easily explore numerous project scenarios and have clear, upfront visibility into the cost before even getting started. Estimators can use HD V12 to streamline estimate reviews and justify cost and productivity assumptions that clearly answer the question, "Where did you get that number?"

"Version 12 continues our mission to provide a single version of the truth for all parties involved in a project," says Brad Barth, VP of industry solutions at Hard Dollar. "HD V12 empowers the project delivery team to more effectively manage budgets and changes, more accurately forecast costs, and most importantly, achieve predictable results. Even better, now those as-built results and averages are continually in view of the estimator for guidance and validation while estimating future projects."

HD V12 delivers enhancements that include active historical cost and productivity benchmarking, control budgets, formal change management, and rational forecasting. The new benchmarking tool actively compares current estimated values to the most relevant historical results, automatically color-coding line items into low, medium, and high-risk categories. To maximize benchmarking right out of the gate, HD V12 integrates with many popular accounting and ERP systems, as well as Microsoft Excel, to feed the benchmarking tool with years of historical data from previous projects. 

Gareth James, group IT manager of the Aiken Group goes on to say, "The new HD V12 software is going to make an enormous difference for my company, especially with the change management feature. In the past, if you performed unapproved work for your client, there was no guaranteed compensation for the work performed. With HD's new change management feature, the built-in budget approval ensures visibility to payment required for work performed. This will directly impact our bottom line."

HD V12 is the direct result of feedback received from hundreds of customers and partners. Prior versions of Hard Dollar's software have helped customers achieve up to 300 percent increases in knowledge worker productivity, and reduced project costs by as much as 15 percent. The company expects even better results with the release of HD V12 and its ability to close the gap between past results, present projects, and future estimates.

About Hard Dollar
Hard Dollar is the leader for project cost management (PCM) solutions. Founded in 1989, Hard Dollar delivers project cost management software worldwide within the infrastructure, mining, oil and gas, and utility industries. The software manages cost estimating, budgets, changes, and forecasts throughout the entire project lifecycle.

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Twitter: @harddollar

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