Project Management: This covers the initiation, planning, execution, and control of the project. It enables collaboration across teams and gives real-time information on project status. Identify potential impediments to project deliveries and handle them proactively to deliver projects on time and within budget. Track and manage with project specific matrices, KPIs, project record, project schedule, resource lists, financial information, and budget.
Resource Management: With real-time project timeline, assign the right resources on the right project based on employee’s skills, experience, interest, and availability. Manage centralized access to resource profiles, resource bookings and request workflows. Make staffing plans with utilization reporting, capacity planning forecasts and business line-based reports.
Project Accounting: Automate project accounting and invoicing to drive cash flow. Report project level accounts like project profitability metrics and project budget versus actuals. Automate project invoices and invoicing engine, manage approvals, track outstanding balance, and integrate project accounting with general ledger. This will allow you to even move from any existing stand-alone project accounting software that you would be using for your professional service business.
Billing: Supports multiple pricing models and complex rating scenarios. Add customer specific rates for flexible billing and consolidate multiple charges in a single invoice. Automate recurring revenue process in accordance with the latest revenue recognition standards. You can add material, machinery, and other charges that appear as part of your service offering.
Timesheet Management: Make it simple for your employees to add hours worked and other information from anywhere. Add time for multiple projects on the same timesheet. Define user and project level approvals, amend timesheets and track hours worked.
Expense Management: Record expenses accurately with a simple interface. Consolidate multiple projects-based expenses in a single report, ensure compliance and maximize accuracy and timeliness of expense reporting.
Analytics: Get on-demand real-time insights with robust dashboard, analytical tools, and reporting. Track project performance with flexible reports, list views and pre-configured professional reports that can be modified to your business’s needs.