Designtech Releases the Next Version of ProjectCoordinator®

Lulea, Sweden, March 10, 2011 --(PR.com)-- Designtech, one of Europe’s leading collaborative solution providers announced the next version release of their flagship product ProjectCoordinator®. Apart from general amendments, the new release comes with a new cost management module and an enhanced report management module.

Currently ProjectCoordinator® has been used by many governmental organizations, universities and large companies for effective project management combined with secure and safe document management system.

ProjectCoordinator® allows the users to effectively collaborate on their project activities like creating plans, phases, activities, sub-activities, and milestones in an environment that resembles Microsoft® Project®. Also it allows the users to have discussion boards to discuss the project activities and add-on capabilities such as Microsoft Office LiveMeeting 2007 from within the project. Apart from the whole gamut of project management features like, email collaboration, calendar, project planning etc., ProjectCoordinator® comes with a built-in web publishing tool and a Document management system. Each project room has a storage area for data in all formats including documents, images and videos. Based on a tree structure similar to the one in Windows Explorer® one can easily upload, move, copy and edit documents and folders with version handling by using the "Drag and Drop – Save to Server" component. ProjectCoordinator® also consists of in-built workflow capabilities including basic approval to group approval processes. The solution allows users to manage their project related time and track it through the web-based interface or through iPhone.

The new cost management module comes with all the necessary components to effectively track the project related income and expenses. It allows adding the expenses incurred against each of the activities in the project and measure against the budgeted expenses making it easy for project managers to have complete control on their projects expenses. Same way, the solution allows tracking of actual income and budgeted income. Considering users from different countries collaboratively working on the projects, the solution allows the users to enter their expenses and incomes in their own currencies. The solution comes with an in-built cash flow statement that allows keeping track of costs, revenue, and profit. The web-based interface allows the users to update the infromation from anywhere.

The other major enhancement includes the addition of new standard reports and option for users to easily customize their reports based on their requirement.

“We are happy to release this version. One of the mostly demanded feature from our customers was tracking of the expenses and income related to¬ their projects and we are pleased to incorporate it in this release,” says Dr. Patrik Svanerudh, CEO, Designtech. “The new release shows our commitment towards continuously enhancing our solutions and meeting our customers’ requirements, With a full-fledged project management, document management , cost management , time management and web content management modules, ProjectCoordinator is a must have for organisations who are looking for effective project management and collaboration solutions.”

About Designtech
Designtech is one of Europe’s leading providers of project management and document management solutions for companies and organisations. Based out of Luleå, Sweden, Designtech’s innovative web-based collaboration solutions are used in a wide variety of industries across the globe, from corporate organizations to governmental institutes. Designtech's solutions help managers in several countries to improve their document management, team collaboration and successful project execution. Designtech's product portfolio includes DocumentCoordinator®, ProjectCoordinator® and Virtual Incubator™. These web-based collaboration solutions can assist organisations to effectively manage their resources.

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