Time and Expense Management
One of the key elements of any professional services solution is its ability to streamline the capture of billable time and expenses.
Our solutions increase the accuracy of time and expense tracking and capture, while shortening invoice and billing cycle time, whether you are dealing with hourly, fixed bid, or percentage complete projects.
Time and expense records are automatically routed through workflow for approval and posting so that Project Managers have the ability to approve, over-ride, or reject time and expenses efficiently. Once approved, an invoice can be created directly within the solution automatically, saving your organization time and administrative costs.
By having established revenue recognition rules, you will see a clear differentiation between recognizable revenue for work performed and amounts contractually billable, ensuring an accurate picture of your organization’s financial standing.