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ToolWatch Wins Constructech Commercial Top Products Award

"We are delighted that our new Job Cost and Billing module has been selected for this award," said Don Kafka, CEO of ToolWatch. "Our Enterprise 2.0 software automates the tracking and billing of tools, materials and consumables, and this new feature generates accurate and detailed job cost and billing data, maximizing control over company resources."

The ToolWatch Enterprise 2.0 Job Cost and Billing Module automates job costing and billing for tools, materials and consumables throughout an entire construction organization. The new module lets users automatically charge customers, departments or projects for construction resources used by an individual, department or project. The module's features include concurrent job cost and billing, automated fixed rate and usage billing, defining billing charges by cost center, comprehensive reporting and integration with existing accounting systems.

By improving the overall accounting process, the job cost and billing module simplifies construction companies' accounting process, improves return on investment by tracking actual earned amounts and ultimately, increases project profitability. It dramatically improves accountability by creating financial incentives based on each project's tool retention, thus encouraging tool and equipment returns and reducing employee hoarding.

Winning products are selected by the Constructech editorial team and are chosen for innovation and successful results in the marketplace. These products are selected based on the products description, the overall usefulness and uniqueness of the product to the construction industry, and the customer growth rate for the particular product throughout the past few years.

About ToolWatch Corporation

Founded in 1991, ToolWatch is the world's leading provider of tool, equipment, materials and consumables management systems. Combining easy-to-use ToolWatch data collection devices with a powerful database system, its technology enables the tracking and management of construction resources throughout an entire organization, delivering significant savings of both time and money to companies of all sizes. With more than 6,000 installations in 20 countries around the world, ToolWatch applications use the most current and reliable technology to manage assets for maximum utilization and productivity throughout an organization.

ToolWatch Corporation
Jennifer Miller, 303-394-2366
jmiller@philosophycommunication.com