Financial management gives you multiple options for reporting, analyzing and publishing financial information including web-based executive dashboards, management key performance indicators and powerful query tools. This helps with improved collection processes, vendor visibility and customer/vendor controls, allowing an organization to significantly increase cash flow.
Many legacy systems don’t have built in forecasting capabilities. The result is that project managers and senior management are unable to determine how a project is progressing, or make changes that will ensure profitability. Understanding the importance of forecasting and providing the necessary tools, you will be able to:
If change orders are not tracked properly or if it’s not easy for the project manager to log them into the software, accurate forecasting becomes difficult. As change orders are processed, project managers must have the ability to see their current status or implications on the budgeted dollar amounts within phases and tasks.
Empower your project managers with the information they need by facilitating and simplifying the tracking of proposed change-orders, approved change-orders, project change-orders, and subcontractor change-orders. Allow users to log changes, quotes and claims as change orders. Change orders can be separate job or augment existing codes. Users can also bill change orders as part of a job.
Change order and cash receipt history are available for closed jobs. The job history window allows the view of change order and cash receipt details for closed jobs, which can be helpful in analyzing the success of past jobs and estimating new projects.
Many organizations struggle to simply know what assets exist in the field. This data is often stored only in the heads of long term employees or in paper documents back in the office. It is often a challenge to track these assets and descriptive information about them. Without basic asset information, it becomes difficult to manage this part of your business.
Inefficient invoice processing costs organizations money. If invoices are delayed getting to the customer, it delays the time to get cash into the organization. If invoices are not accurate, an organization may lose revenue or cause frustration with customers.
Reduce the time from input to invoice and provides detailed history, enabling your users with all the information they need to respond to billing inquiries.
Efficient invoice processing provides organizations with significant savings. It works the way you work. Service invoices are processed efficiently and accurately. Billing rates are set by location and automatically populate the invoicing system. Effective communication between the work order and invoicing system ensures billable work doesn’t slip through the cracks. Double-entry errors are prevented, and subcontractors, vendors, and resources are managed more efficiently.
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