COST AND PROFITABILITY MANAGEMENT
Cost management software that maximizes profitability
No more guesstimates. No more overspending surprises. Project cost tracking that’s more than just a ledger—it’s a lens into your entire business.
30 DAY TRIAL
NO CREDIT CARD REQUIRED
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See your costs.
Shape your strategy.
Sharpen your profitability.
Cost management software that puts you in control
No two teams are the same—so use a software that fits the way you uniquely work. Set custom rates, profit margin targets, and billable time benchmarks so you’re tracking profitability—as defined by you.
Project profitability made predictable
Crystal-clear visibility on budgets, costs, and profitability—all in one place. Pinpoint scope creep before it becomes profit bleed so you stay on budget, every time. Set budget caps in advance so you’re never caught off guard.
Report, invoice, get paid, and repeat
Make decisions rooted in data, not guesswork. Know the most (and least) profitable projects and clients so you can choose future work based on past ROI. Automatic, summarized, and integration invoicing means hassle-free billing.
Say goodbye to budget chaos—plan with precision
Scope costs and plan resources before the work even begins. Overspending isn’t just annoying—it’s costly.
Estimate costs and effort so your quote is airtight
Custom billable and cost rates
Multi-currency for clients across multiple geographies
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No more scope creep or nasty end-of-month surprises
Real-time budget tracking and cost forecasting, so you know exactly where every cent is going.
Track costs in real-time—billable hours & expenses
Get automatic alerts when budgets go off track
Control margins without the spreadsheet gymnastics
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Maximize billable time and make it count
Manual time tracking means lost hours and missed revenue. Turn it around with built-in tracking.
Capture every billable moment without the overhead
Log billable time in a billion different ways
Always know where your time is going
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Know what’s profitable and get paid for the work you actually do
Stay on top of actuals vs. forecasts and make sure all your efforts turn into revenue.
See which projects or clients are profitable at a glance
Drill into the data so you can do more of what works
Automate invoices, integrate billing, keep cash flowing
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Budget overruns, guesstimates, and manual time tracking are costing you more than money.
Budgeting set-up
Quotes
Multi-currency
Profit margin target
Task list budgets
Budgets (fixed fee, retainer, time and materials)
Cost oversight
Cost rates
Billable rates
✨ AI powered expenses ✨
Billable time tracking
Budget notifications
Time tracking
Built-in timer
My timesheet
Company timesheet
Time approvals
Time reminders
Reporting and invoicing
Profitability report
✨ AI Profitability forecaster ✨
Time report
Financial and utilization insights
Invoicing
Account integrations (Xero, Quickbooks, and more)
Cost management matters. Teamwork.com makes tracking it easy.
Get all the tools and reports you need in the easy-to-use platform actually built for client work.
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Teamwork.com has helped us to improve both productivity and profitability by giving better visibility into projects and resource planning.
Sarah Friedlander Garcia
Senior Director, Brand & Content Marketing, SugarCRM
Team success meets cost efficiency: Stories that inspire.
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“One of the best parts about Teamwork.com is how everything comes together and you can really see everything.”
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Kara Pitre
Director of Operations
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"We’re still finding really cool, innovative tools within Teamwork.com itself that surprise and delight people all day long."
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Kyle Duford
President and Executive Creative Director
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“The insights and visibility Teamwork.com can provide are some of the key features we love about it.”
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Bernard Williams
Co-Founder & CTO, OIC Advisors
Transcript for the video 'ThreeSixtyEight Testimonial 4K':
It's allowed us to take in more work, which is higher revenue for us and overall benefits the company and the team based in Baton rouge, Louisiana. 368 is a small but mighty agency with award winning work. They've been using teamwork ever since they started to manage projects, but not to its full potential. I would literally handwrite everyone's schedules and take a picture of it and send it out on Slack. You did what? So what changed? There was a pivotal moment at the agency where we brought on an account that really required us to hire staff. We essentially doubled in size almost overnight, and we realized that onboarding had to change, processes had to change. So now you're really cooking with teamwork. I think the smartest way we use it is in how we project out how much work we're going to have, not just in the next week, but for months to come. As soon as we start to look at bandwidth and we make those decisions based on people's future utilization, we know when people are going to be going through a really busy couple of weeks or a really busy couple of months, and we're able to scale back on some of those other initiatives that we're able to prioritize because we're able to make people happier at work when we know what's going to hit them all at the same time. You know what they say? Happy team, happy life. So everyone gets a general overview of teamwork when they join. Logging time is one of those big ones we like to talk about immediately. One of the first things that they are introduced to is teamwork. It's how we use all of our time logging capabilities. So just getting comfortable in it for the first couple of weeks is really important. Every month I'm looking back at reports to say, here's how much time we actually had available to use. Here's what we estimated and here's how much time we actually leverage. It allows us to be able to make adjustments to how we structure our billing, how we structure our contracts. So you're getting all those awkward conversations out of the way real quick. Bringing clients in to teamwork is typically a very streamlined process. We do it for all of our QC. It's really allowed us to create those trusting relationships and continue to give them the clarity that they need for their business to be able to move forward with us as their agency. I spend all day, every day in teamwork, whether that is checking off tasks and making sure tattoos are done, running reports, looking at time logs, resource management really holistically, being able to dive deeper into project budgets and make forecasting make smarter decisions for the projects. It has gone from a task management tool to truly our holistic project management software. The mission statement of our project managers is to create clarity out of chaos, and I don't know. That would be possible without something like teamwork to really take the dozens of ongoing projects that we have at any given time and be able to put them all in the right place. And how they work together. I don't think you can beat that. To help us report. Better leave it to Jeremy. I told you. I love you, Jeremy. I love you. Your allergies, your. Your cramping, my style.
Transcript for the video 'Kyle Duford - The Brand Leader':
We recently utilized the budget feature with one particular client and wanted to hire us just for a few hours of a brainstorm session. We tracked the brainstorming time in that meeting itself, and then the subsequent meetings and we knew by the end of it, hey, we only have an hour left of time before this isn't profitable anymore. By understanding our cost centers and the cost per person per project were now more profitable and more efficient. And when I saw that happen, that's when we really knew like this thing's not only sticky for us, but it's really the right tool to run our business.
Transcript for the video 'OIC Advisors':
- Teamwork is that tool set that gives you the ability to surface what your team is working on, how much time it's taking them to do it, who they are doing it for, and what that all up work is costing the organization. My name's Bernard Williams. I am the CTO with OIC Advisors Incorporated. At OIC Advisors, we provide strategic consulting services with the intent of helping organizations improve operational velocity. As we looked out across the landscape of IT project management solutions and professional service applications, what we found was that there's a lot of solutions out there. Some are very expensive, and they have a lot of capabilities, too many sometimes. Teamwork.com was really kinda like the Goldilock version. It was just right. The insights and the visibility that Teamwork provides is one of the key features that we love about it. Teamwork has enabled us to be able to, first and foremost, make our work visible. We wanted to be able to understand, you know, who was doing what work, how much that work was costing us, and Teamwork has given us that ability. It has provided the insights that we need to make the business decisions that will help us thrive and survive over the coming years. Partnering with Teamwork was absolutely the right decision for our team.
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