Improve Financial Visibility in Jira with Cost Tracker

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The longer your company uses Jira Cloud, the more likely your processes are connected to its workflow. For software development, Jira provides company and team-managed projects. With Scrum and Kanban, Jira became a powerful tool for running development cycles.

For customer success, you might use the JSM. For non-delivery departments, such as HR, Marketing, and Finance, Atlassian released the JWM. Even Product Manager have their type of project to work on ideas.

At SaaSJet, we use all types of those solutions and even more. However, the more we integrate into Jira, the more requirements we have. Especially with financial visibility.

How to track finances in Jira?

We see several problems:

1. When people log their time, it’s necessary to know how much it costs.
2. If we have expenses in our operation cycles, we want a place to record them and analyze them.
3. When the project ends, or a milestone has been completed, how much does it cost?
4. It would be great to have these rate records in Jira if we have people with hourly rates.

We implemented a Cost Tracker with all those issues in mind and are ready to share it with you.

Firsts, it allows tracking of every user’s hourly rate. Plus, it has all historical data, including the effective dates of all records.

Second, when all necessary people have available rates in Jira, and they log time, then you can measure any piece of work. From sub-issue to project. Have you ever measured one bug cost?

Third, all those nice expenses that the project has, like AWS, dozens of apps’ licensees, and even team buildings, can be recorded and added to the project cost.

And fourth, all the expenses and logged time (multiplied by hourly rates can be displayed) in one report. Select any issues, scope, workload period, and check the most comprehensible project or milestone cost.

Try add-on for free today and let us know what project issue it helped you to resolve.