Gain the upper hand with
procurement and scheduling.

Project Management Features

• Plan, create, manage, control, and complete investment, time and cost projects
• Create a project hierarchy comprising multiple subprojects
• Easily plan projects of any size; matching work requirements with available resources
• Plan and organise projects using Work Breakdown Structure (WBS) templates
• Find the right resources for the job with task requirements (skills, education and experience)

Work Breakdown Structures Capabilities

• Create hierarchical Work Breakdown Structures (WBS)
• Add specific information; schedule, requirements, estimated cost, revenue, and skills or attributes

Project Resource and Schedule Management Features

• Schedule tasks and allocate resources
• Track schedules, manpower usage, and cost-to-complete

Project Time and Expense Capabilities

• Capture project time and expense quickly and accurately
• Charge travel-related expenses against specific projects with expense management
• Distribute expenses to a single project or across multiple projects

Project Accounting and Invoicing Features

• Enter and itemise project costs, employee hours, materials used, and fees incurred
• Streamline billing of projects
• Create and edit invoice proposals for hours, expenses, items, sales orders, fees, subscriptions, advance and deduction payments, or milestones
• Split billing enables shared project costs between multiple customers or internal organizations
• Retention terms can be specified on customer invoices and vendor payments
• Approval workflow ensures accurate project invoices before they are sent to the customer
• Schedule payments to project vendors
• Retain part of payment to a vendor
• Enforce contractual cap on project costs with funding limits

Project Quotations Capabilities

• Quickly build accurate project quotations using Work Breakdown templates
• Select the right opportunities to pursue using project quotation profitability
• Gain project visibility with quotation approval workflows

Revenue Recognition Capabilities

• Recognise actual costs to avoid potential cost overruns
• Post and accrue revenue for fixed price jobs based on completion percentage or completed contract
• Accrue revenue or capitalise costs for time-and-material projects to recognise gross margin
• Handle WIP for investment projects before final elimination of the WIP value to a fixed price

Budgeting and Cost Control Capabilities

• Manage projects with forecast (hour, expense, item, fee, on-account) and budgets
• Approve original budgets and revisions through workflow enabled project budgets
• Maintain project cost control by summarizing actual cost, committed cost, and remaining budget to discover total expected cost, and compare with the original budget
• Measure utilisation rates by comparing actual hours to budgeted hours
• Compare the status of invoiced and chargeable transactions of a project or contract with the project quotation

Microsoft Project Capabilities

• Integrate and streamline project delivery with scheduling and resource management capabilities of Microsoft Project Server 2010
• Bi-directional interoperability with Microsoft Project for projects, activities, tasks, and resource allocation

Reporting Capabilities

• Gain insight in project management performance with predefined KPI’s in the project accounting cube
• Access standard reports including reports for profit and loss, consumed costs, payroll allocation, invoice on-account, actual versus budgeted costs, and cash flow
• Use project controls to gain a real-time snapshot of project performance
• Use utilisation control to gain a real-time snapshot of project performance