Costlocker Review

Shlomi Lavi / updated: Jul 14, 2020

What is Costlocker Used For?

Costlocker is a cloud-based budgeting solution designed to help the user manage costs and profits for agencies and companies. The solution helps to see the client and project profitability, monitor invoicing & predict cash flow, and learn the types of projects to focus on and more. The user can get accurate reports on the expenses incurred including the rates, salaries, and overhead costs.

The solution can help budget projects easily, supervise budget spending, see who is doing what and manage invoices in one place. The solution helps the user easily estimate costs and budget projects conveniently by entering team members, project fees, and discounts and overheads. It allows the employees to monitor their time automatically or fill the timesheets manually at the end of the day and it calculates the time for them.

The solution also enables the user to monitor their project performance. It also helps them watch and manage cash flows. It integrates with third-party apps. The solution helps the user automate fee-based projects, watch budget spending on time, and get alerts about man-hour limits.

Average Rating -

The rating of Costlocker is 5 stars out of 5. The rating is based on ITQlick expert review.

Typical Customers

Costlocker customers are mainly SMBs. Most commonly, it can be deployed in industries such as marketing and advertisement, technology and software development, business consulting, engineering services, and others. Some notable Costlocker clients include Lions Mouth Digital, Symblaze, and SevenCentric etc.

Features

Costlocker offers comprehensive tracking of project profits and costs along with working hours spent on each project. Different projects can be analyzed and compared based on project data. Tasks can be grouped by projects and recurring tasks can be set. Core budgeting and expense management features include creation and forecasting of budgets, hourly rate setting, and tracking expenses and hours.

Costlocker offers resource allocation capabilities with resource directory and resource utilization tracking. Expense and financial reports can be created and exported in CSV format. The software also offers time reports, creating teams and groups, and a customizable dashboard.

Competitors & Alternatives

The two main competitors of CostLocker include TimeLive and Harvest. TimeLive is a cloud-based time tracking software solution just like CostLocker. CostLocker is a product of CostLocker and in contrary TimeLive is a product of LiveTecs which was founded in 2006 and based in the United States.

TimeLive offers support online and via a 24/7 live support and on the other hand CostLocker offers support online. Both TimeLive and TimeLocker are ideal for small, medium-sized and large enterprises.

Both Harvest and CostLockers is a cloud-based time tracking solution. Harvest is a product of Harvest which was founded in 2006 and based in the United States while CostLockers vendor is CostLocker. CostLocker offers support online, but Harvest offers support online and during business hours. Both Harvest and TimeLocker are ideal for small, medium-sized and large enterprises.

Costlocker Pricing Information

The cost of license starting from $12 per user/year. The experts at ITQlick has reviewed Costlocker pricing and gave the software a total cost of ownership (TCO) rating of 4.4 out of 10. Custom price cost for your business is available upon request.

Questions to ask the vendor during a demo

Schedule a demo and access 25 must ask questions for the vendor while watching Costlocker in action

Is it the right software for you?

CostLocker is ideal for owners and managers in agencies and companies. It caters to businesses in multiple industries including retail, healthcare, media & entertainment, consulting, digital marketing & e-commerce, hospitality, education, healthcare, utilities, energy, manufacturing, transportation, construction and public sector among others.

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Costlocker Categories

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Specifications

Company:	Costlocker
Address:	Milady Horakove 1, Prague 7, 130 00
Website:	https://costlocker.com/
Customers:	Start up, Small business, Medium business
Business Area:	Finance management, Project Management, Service management
Platforms:	Cloud
Operating Systems:	Mac OS, Windows, Linux

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