For businesses who deal with multiple projects on a daily basis or businesses considering increasing their workload it is important to remain on top of costs and work in progress in order to meet clients’ expectations.
Businesses large or small can benefit from a system that enables them to view all their future commitments and deadlines, giving them the ability to schedule appropriate resource based on skills, experience and capabilities.
Project management can be a nightmare, but it can also be very straightforward with the right methods in place. Project management softwarecan provide a central point of reference for companies to configure projects, review budgets and milestones and ultimately keep expectant clients firmly in the loop.
Analysis of cost and work in progress
The beauty of project business software is that it can take care of work in progress (WIP) calculation. With in-built workflow processes every transaction, from purchase orders, invoices and journals to online timesheets and expenses claims, are reflected in the most comprehensive and up-to-date view of actual and committed costs.
Flexible timesheets
Regardless of a businesses’ method of retrieving time-based activity on multiple projects, project management systemscan cater with a host of flexible timesheet options to fit. Data can be fed into hand-held mobile devices, entered securely online, via a spreadsheet or any industry-specific application and transferred flawlessly into a workflow.
Manage your expenses
Every type of real-world expense you can imagine is captured and reimbursed with a project management solution, working in-line with your specific approval routines. Web-enabled forms can integrate seamlessly into your workflow allowing vast amounts of expenses data to be inputted on a daily basis without the need for any re-keying. In order to improve the efficiency of the expenses process many project management providers adopt an alert function to inform approvers of new real-time data.
Taking it mobile
In the hectic business climate it is essential that account management staff can remain in the loop and stay connected to business operations 24/7. If you want flawless two-way integration between a mobile device and a project management system businesses should look to implement a mobile-compatible offering to receive everything you’d normally get from your desktop wherever you are.