Use Cases
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Cost Reporting

Cost Report Software Built to Keep Construction Budgets on Track

Construction delays, surprise expenses, and spreadsheet overload stop here. Mastt gives you instant visibility, submission-ready financials, and complete oversight of project budgets.

Peace of Mind When Cost Reporting Matters

60%
Reduction in time preparing reports
50+
Spreadsheets killed per project
16+
Hours saved per project, per month
Delivering Power to Capital Projects
A logo with black text that says "Australian Department of Defence"
A logo of RPS.
A logo with black text that says "Australian Department of Defence"
A logo of RPS.

Why Companies Use Mastt for 
Cost Reporting

Give your teams easy to use digital tools that enable them to deliver greater service faster, more effectively and to the delight of your clients

All projects in one place

Manage and monitor all of your projects and programs in one secure place

Standardize Templates, Processes

Implement a uniform approach across all projects with pre-built templates

Boost Productivity & Reduce Admin

Eliminate manual processes with automation tools

Increase Quality of Service Across All PMs

Ensure consistency and excellence in project execution

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The implementation of Mastt has transformed the way we perform cost control and reporting functions across the projects and programs. Mastt is easy to navigate and use and creates valuable efficiencies by automating time-consuming tasks.

Andrew Boska

RPS

"

The risk module is interactive and a welcome change from traditional spreadsheets. The Mastt team has been very supportive in assisting in planning project risk workshops. I highly recommend the Mastt risk module to other construction professionals.

Barton Johns

Jacobs

"

The project team has found a huge amount of efficiency in the product, which has enabled the team to spend more time on technical capability and project delivery.

Catriona Circosta

Essence PM

Why Construction Teams Trust Mastt for Cost Reporting

Stress builds fast when project cost reporting feels scattered and slow.

Mastt cost reporting software replaces disconnected and error-prone spreadsheets with real-time financials, intelligent workflows, and faster approvals. You stay ahead of deadlines, decisions, and your entire budget profile.

Save time and speed up reporting with the best automated tools to empower your team and elimiate double handing of data

Executive Dashboard for Capital Improvement ProgramsExecutive Dashboard for Capital Improvement Programs

Relief from Guesswork

Clarity returns when you always know where your project stands. Mastt construction cost reporting software uses AI to show budget commitments, cash flow, and final forecast cost as they shift, automatically.

Track every project, program, or portfolio in one live view.

Explore Mastt automated budget tracking →

Freedom from Rework

Relief comes when rework is no longer part of your workflow. Mastt’s AI-powered cost management tools auto-fill worksheets, payments, and cost centers using verified data, no re-entry, no missed steps.

You save hours and keep momentum moving forward.

See Mastt’s live tracking tools →

Executive Dashboard for Capital Improvement ProgramsExecutive Dashboard for Capital Improvement Programs
Executive Dashboard for Capital Improvement ProgramsExecutive Dashboard for Capital Improvement Programs

Authority at Reporting Time

Composure holds steady when reporting deadlines close in. Mastt cost reporting system uses AI to pull current data from forecasts, certificates, and expenses to build audit-ready reports instantly.

Submit with accuracy, speed, and zero last-minute panic.

Track and report with ease →

Top Features of Mastt's 
Cost Reporting

Cost Tracker

Automate financial project controls, including budgets, contracts, payments, forecasting & more in a single table for projects or programs.

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Reporting

Create weekly, monthly or quarterly reports quickly and easily.

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Budgets

Manage Budgets, Sub-Budgets. Add, remove or transfer funds easily between budgets.

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Cash Flow Forecasting

Fast, easy cash flow forecasting. Automated actuals and reconciliation with budgets.

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Budget Changes

Add, remove or transfer funds to and from budgets or sub-budgets easily.

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Data Extract

Easily extract and download project data in the format you need.

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Auditing & History

Maintain a detailed log of all changes for compliance and record-keeping.

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Budget Tags

Tag budgets to roll-up and aggregate common WBS items, cost codes & contingencies at program and portfolio levels.

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Forecast & Uncommitted

Create uncommitted line items for potential changes, scope, work elements, risks, anything!

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Gain Clarity, Relief, and Control

Pride comes from sending reports that need no explanation. Deliver cost updates with accuracy and speed. Mastt helps you earn trust and make stronger decisions.

FAQs About Project Cost Reporting Software

Cost reporting software tracks, compiles, and submits financial data for capital projects. Mastt replaces manual worksheets with live dashboards, automated payment requests, and audit-ready reports. It provides construction project managers with fast access to cost report data they can trust and use for informed decisions and accurate cost reporting.
Mastt pulls cost data from your certificates, forecasts, and payments in real time across active construction projects. This prevents double entry, aligns with reimbursement rules, and keeps your reporting period on track. Each cost report submission is structured to minimize audit adjustments and reduce financial risk for capital works and infrastructure delivery.
Yes. Mastt supports indirect costs, overhead expenses, and reimbursement rates linked to cost centers, ensuring full coverage and clean audit trails. Every expense is tagged for clarity, traceability, and compliance across construction phases, contracts, and funding structures.
Mastt updates reports instantly when source data changes. No version chaos or rework, just clean, current data tied to every entry. This ensures that cost report data remains accurate and aligned throughout the project lifecycle, whether you're managing infrastructure upgrades, building programs, or staged construction packages.
Yes. Mastt connects seamlessly with the financial systems used by construction teams to manage project budgets, payments, and funding structures. You'll streamline every cost center, expense category, and submission channel in one connected system built for complex project delivery and program oversight.
Testimonials

Hundreds of Companies Trust Mastt for Project Management

From Payments to Portfolio, your end to end solution to save time, costs and accelerate Capital Projects.

The project team has found a huge amount of efficiency in the product, which has enabled the team to spend more time on technical capability and project delivery.

Catriona Circosta

Chief Financial and Operating Officer

Great CAPEX management tool with intuitive infographics. The dashboard view of projects is something that we did not have before Mastt. I can see that it will deliver a clearer and more intuitive understanding of capital projects to executives.

Jonathan Glover

Mastt has done an incredible job. The system flows so well and is very user-friendly and collaborative! It is definitely so much better than other systems I have used previously.

Rund Alnasser

Industry Partner

Mastt helps reduce the opportunity for errors in cash flow and budgeting and provides insights into aggregated data and program trends that we need.

Stephanie Watts

Project Director

I’m very excited to start using Mastt. I have the feeling that after making the change, I’ll never go back to how I run projects at the moment.

Fergus Bruce

Senior Project Manager

There's a lot of visibility about information, and it's a one-stop shop for me. The invoices are visible, and I don't have to go to a number of dropboxes for different contracts in different areas. It makes my life easier.

Elke Forrest

Business Manager

I have used the Mastt risk module on my recent projects with great success. The module has enabled real-time management of project risks in a visual format, which encourages project stakeholder input. I highly recommend the Mastt risk module to other construction professionals.

Barton Johns

Director

Reporting at the end of the month consumes a lot of our time as project managers, but working with Mastt helps reduce that time.

Therese Jensen

Project Manager

Custom reporting solutions are a huge investment and not justifiable for most clients. We wanted something that had rules in place to ensure best-practice project management but still gave us the control to customise based on the clients’ and industry nuances. Mastt allowed us to do this.

Mohammed Salameh

Director

Mastt has allowed Essence to take on more projects. It is a core component of our operations, and we rely on the value that the product delivers.

Catriona Circosta

Chief Financial and Operating Officer

The ability to include specific requirements/information relevant to the project and the overall presentation of data on the system is first-rate.

Golborn Turner

Since using Mastt, it has significantly increased the efficiency and accuracy of the financial management of infrastructure projects and programs. The ability to accurately manage cash flow and forecasting enables a greater level of planning within a program of work level.

Mathew Jetson

Associate Director

Powering Construction Project Management with Easy-to-Use Tools