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For Immediate Release

Cost Control Features Enhance Projectmates' Offerings

Dallas, Texas, [October 30, 2001] – Finding ways to reduce risks is important to every construction project owner. Dallas-based Systemates Inc. recently added new features to its flagship product, Projectmates, to enable project owners mange costs and control unanticipated changes.

The new Pay Application and Draw Schedule modules, along with other construction management features, provide an integrated project budgeting and cost control tools critical to every construction project.

Project managers can manage project-related financial records in a secured and customizable manner. Mundane, but important, tasks are automated. Cash flow is managed over the course of the construction process. In addition to Projectmates standard features, the newly added modules include:

    • Automatic calculations and error checking
    • Fully configurable user rights
    • Tight integration with other change order modules
    • Export to and import from Microsoft Excel
    • Automated work flow routing and approval process

"Projectmates solution streamlines the entire construction process for on-time and on-budget completion of every project," says Systemates Vice President Hemant Bhave. "Whether you are responding to an RFI or preparing your next pay application, Projectmates takes care of clerical details so that you can concentrate on more important tasks."

About Systemates, Inc.
Founded in 1995 by leading architects and software engineers, Systemates developed Projectmates to equip owners and owner’s representatives with a secure, sophisticated Web-based construction management software solution. Projectmates’ collaborative platform dramatically improves project execution and cuts costs and delays, increase accountability and reduces risks. With its cutting edge technology, Projectmates creates one seamless platform for managing the complete lifecycle of a building, from planning, bidding, and building to maintaining the facilities. Over 25,000 users from organizations such as Retailers, Real Estate developers, Educational and Government agencies rely on Projectmates to manage billions of dollars in capital construction programs. Systemates is privately held and headquartered in Dallas, Texas. To learn more about Projectmates by Systemates visit www.projectmates.com. To learn more about Projectmates by Systemates visit www.projectmates.com.

For more information contact:
Hemant Bhave
Systemates, Inc.
Dallas 214-217-4100
www.Projectmates.com

Systemates and Projectmates are trademarks or registered trademarks of Systemates, Inc.


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