Project Costing
Costing & Project Management
Dimensions delivers the functionality required to handle the complex requirements of heavily project-based companies, providing centralised data capture of Timesheets, Expenses and Purchase Requests along with broad project-management functionality. Because we recognise that members of professional services organisations benefit from remote access and easy-to-use screens for data capture, we have made much of this functionality available through the web in addition to the core accounts.
Key benefits:
Project costing information at a glance - each project record holds full customer information, including start and finish dates, budgets, actual and committed costs, together with income received
Clear comparisons - instant on-screen comparisons are provided at all level of a project. You can compare budgeted against actual for project costing, sales and profit, budgeted/actual costs versus budgeted/actual sales
Time savings - the web-based functionality means that time, expenses and project management data for example can be updated online from any location
Flexible reporting - a comprehensive range of search, sort and subtotalling facilities allows you to consolidate multiple jobs by common data or single out by individual cost centre or resource
Project Preparation
Setting up your budget is quick and easy, whether for cost or revenue purposes. Once in place, budgets can be profiled either weekly or monthly for maximum visibility of costs throughout the lifetime of the project. Obtaining sign-off for both resources and budgets is supported by in-built processes, leaving behind a full audit trail. Signed-off projects can then be made live in the Costing module, presenting you with clear, concise project information in addition to conventional P&L reporting.
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Project Implementation
As soon as the project begins, it is possible to keep track of all key information relating to it. Purchase requests can be created and configured to match the purchasing requirements of any organisation. Integration between the Stock and Costing modules allows you to accurately account for any stock items directly attributable to the overall cost of the project. Additional costs, such as expenses and timesheets, can be defined within the software and configured to control, restrict and monitor which projects staff can book time/expenses to. Alert functionality allows approvers to authorise these costs in real-time before the verified data is sent to Payroll for processing.
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Project Tracking
For those members of an organisation that need information on demand, for example, project managers, Dimensions Reporting Services provides the functionality to track the progress of any number of projects at any time during their lifecycle. With customisation and drill-down as standard, the reporting suite delivers information in a variety of easy-to-use formats. To optimise cash flow, the system allows easy invoicing via any number of invoice templates that can be created and configured to precise project requirements.
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Project Analysis
Dimensions provides the tools you need to gain the most detailed picture of project performance, with the Costing module providing an accurate evaluation of WIP value and attributing any 'establishment' and non-timesheet related costs (such as pensions data) to the project. The reporting functionality within Dimensions Reporting Services makes it easy for project managers to carry out detailed profit analysis using real-time data from the financial ledgers - enabling accurate project management.
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