Financial Management, Budgeting, Costing, and Billing Features and Functions
Financial management systems in a professional services automation (PSA) solution automate the tracking and submission of project budgets, costs, and assets. In addition, it provides the capability to track multiple billable details and generate customized invoices.
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Budgeting and Transactions
Budgeting and transactions refer to the tracking of projects budgets and the comparison or analysis of actuals versus estimates.
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Project Billing
Project billing functionality give managers flexibility when editing and creating billing details, for instance by determining which rates, dates, services, and expenses to include, as well as by setting the other terms by which each particular project is to billed.
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Invoice Generation
Invoice generation functionality allows organizations to customize the format of project invoices that demand detail.
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Project Costing
Project costing functionality allows for the tracking of project expenditures, allocations, and costing adjustments.
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Capital Assets
The placement, creation and calculation of capital assets in the context of a project.
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Resource Sharing
Resource sharing in this context refers to the sharing of financial data across multiple resources.
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PPM for Professional Services Automation Features and Functions
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