About Costlocker
Costlocker is a time and cost tracking platform designed for agencies to manage project profitability. It provides tools for tracking billable and non-billable hours, managing project budgets in real-time, and analyzing profitability by project, client, and team member. The software aims to give agency owners and managers financial clarity to optimize operations and drive growth.
Costlocker is a financial and project management tool specifically designed for agencies and service-based businesses. Its core focus is on tracking profitability by connecting time tracking directly to project costs and revenues. The platform allows users to monitor the financial health of each project, client, and team member in real-time. Key features include detailed time and cost tracking, budget management with real-time estimate vs. actuals comparison, and comprehensive profitability analytics. It supports both fixed-price and hourly projects, helping agencies identify their most and least profitable work. Costlocker offers a single paid plan priced per active user, with a 30-day free trial available. Support is provided via email and live chat. While it lacks a broad library of native integrations, it offers an API and a connection through Make.com for custom workflows. The platform is accessible via web browser and has dedicated time-tracking apps for Windows, Mac, and iOS.
Pros & Cons
- Provides deep insights into project, client, and employee profitability.
- Simple, transparent pricing model at a fixed per-user rate.
- Offers a generous 30-day free trial without requiring a credit card.
- Includes dedicated time tracking apps for Windows, Mac, and iOS.
- Features real-time budget tracking to prevent project cost overruns.
- Learning the platform and understanding financial calculations may take time initially.
- Less suitable for organizations seeking highly advanced enterprise portfolio management features.
- Interface prioritizes financial analysis over highly visual project collaboration tools.
- Public review volume is still relatively limited compared to major project management platforms.
- Advanced customization and reporting workflows may require onboarding and process adjustments.
Features
Key features
Analyze real-time data to see which projects, clients, and teams are driving revenue or draining profit.
Log billable and non-billable hours and connect them to project costs, salaries, and billable rates.
Set project budgets, compare estimates to actual costs in real-time, and receive alerts to prevent overruns.
Monitor team workloads to see who is overbooked or underused and optimize resource allocation.
Predict future financial trends based on project budgets and planned team workloads.
Additional features
Clearly distinguish between hours that generate revenue and those that represent overhead.
Automatically calculate the cost of each team member per hour of tracked work based on their salary.
Consolidate all project costs, including salaries, subcontractor fees, and other expenses, in one place.
Manage both fixed-price and time-and-materials projects and analyze the profitability of each model.
Visualize how the agency's profitability changes over time across different months and projects.
Pricing
Countries & Languages
Interface languages
Billing currencies
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About Costlocker
Costlocker is a time and cost tracking platform designed for agencies to manage project profitability. It provides tools for tracking billable and non-billable hours, managing project budgets in real-time, and analyzing profitability by project, client, and team member. The software aims to give agency owners and managers financial clarity to optimize operations and drive growth.
Costlocker Details
Costlocker's In-App Market Place
Does Costlocker have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
0
Mini Apps
Pricing Options
Accepted Payment Currencies
USD
Pros & Cons
- Provides deep insights into project, client, and employee profitability.
- Simple, transparent pricing model at a fixed per-user rate.
- Offers a generous 30-day free trial without requiring a credit card.
- Includes dedicated time tracking apps for Windows, Mac, and iOS.
- Features real-time budget tracking to prevent project cost overruns.
- Learning the platform and understanding financial calculations may take time initially.
- Less suitable for organizations seeking highly advanced enterprise portfolio management features.
- Interface prioritizes financial analysis over highly visual project collaboration tools.
- Public review volume is still relatively limited compared to major project management platforms.
- Advanced customization and reporting workflows may require onboarding and process adjustments.
Costlocker's Support Options
Email Address
support@costlocker.comDocumentation
https://docs.costlocker.com/Chatbot
AvailableLive Chat
AvailableCostlocker's Alternatives
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