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                                                                 EXHIBIT 23.1

                        CONSENT OF INDEPENDENT AUDITORS

We consent to the incorporation by reference in the Registration Statement on
Form F-1 of Precise Software Solutions Ltd. for the registration of 958,966
shares of its Ordinary Shares to our report dated March 7, 2000, with respect
to the financial statements of Precise Software Solutions Ltd. included in the
Registration Statement on Form F-1 (No. 333-48878), as amended and the related
Prospectus of Precise Software Solutions Ltd. for the registration of 5,002,500
shares of its Ordinary shares.

                              Yours Truly,

                              /s/ Kost, Forer & Gabbay
                              ---------------------------------------
November 15, 2000             KOST, FORER and GABBAY
Tel-Aviv, Israel              A Member of Ernst & Young International



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