LiveCosts

What is LiveCosts?

LiveCosts is a construction financial management platform designed to help contractors improve visibility over project finances from procurement through to final reporting. Instead of relying on multiple spreadsheets and disconnected systems, the platform centralises project costs, supplier management and financial workflows in a single application.

Key Features:

Real-time project cost tracking and budget monitoring
Purchase order creation, approval and commitment tracking
Digital supplier invoice capture with AI-powered document parsing
Invoice matching against purchase orders and deliveries
Labour cost allocation and project cost coding
Supplier catalogue and pricing management
Project valuations and financial reporting
Approval workflows and audit trails
Accounting integrations with Xero, QuickBooks and Sage

Benefits of using LiveCosts:

Construction companies use LiveCosts to reduce manual administration, improve financial accuracy and gain earlier visibility of project cost variances. Bringing procurement, invoicing and project financials together helps reduce duplicate data entry, minimise invoice discrepancies and improve collaboration between finance, commercial and site teams.

Real-time reporting allows businesses to identify budget issues sooner, monitor committed costs throughout the project lifecycle and produce more accurate financial forecasts. The result is improved cash flow visibility, better cost control and more informed commercial decision-making.

Best Suited For:

LiveCosts is built for main contractors, subcontractors and construction businesses that require stronger control over project finances. It is commonly used by finance directors, financial controllers, commercial managers, quantity surveyors, procurement teams and business owners responsible for project profitability and financial reporting.

The vendor states the application has 20,000 users worldwide.