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Looking for tighter control of your project budgets and costs?
Managing the lifecycle of your projects, from bidding to cash, is a complicated process. You find yourself juggling time, budgets, costs, timesheets, invoices and more.
Project-based businesses still using a mixture of spreadsheets and ageing accounting systems to manage this really struggle to understand their projects financial performance and profitability.
Below are 14 indicators to help you assess your current level of financial project control. How many apply to your business?
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How did you Score?
If you can relate to these signs then you should consider integrated Finance & Project Accounting software to automate project processes and give you invaluable insight into project profitability.
If you already using project accounting software, and still recognise these signs, then your system may not be giving you what your business needs – a full view of your projects financial performance.
Why should you act?
Project-based businesses who adopt integrated Finance & Project Accounting have one thing in common – they are looking for tighter control of both their finances and projects.
With projects at the core of their businesses Project Accounting automates the process of tracking project budgets, costs and revenues across every stage.
Project Managers benefit from improved control as they have real-time access to their projects status and progress.
Business Owners benefit from the confidence they have from increased insight into their business profitability of the work they are delivering.
If you are still using a hotchpotch of outdated accounting systems and spreadsheets you are in major danger of falling behind the competition.