{"id":10973,"date":"2021-02-19T06:03:27","date_gmt":"2021-02-19T06:03:27","guid":{"rendered":"https:\/\/precisebusiness.com\/NL\/?page_id=10973"},"modified":"2021-02-19T06:04:15","modified_gmt":"2021-02-19T06:04:15","slug":"advanced-project-management-features","status":"publish","type":"page","link":"https:\/\/precisebusiness.com\/NL\/advanced-project-management-features\/","title":{"rendered":"Advanced Project Management Features"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.6.6″ _module_preset=”default” background_color=”rgba(0,0,0,0.45)” background_image=”https:\/\/precisebusiness.com\/NL\/wp-content\/uploads\/sites\/3\/2021\/02\/Epicor-Advanced-Project-Management-APM-banner-compressor-1-scaled.jpg”][et_pb_row _builder_version=”4.6.6″ _module_preset=”default” background_color=”rgba(0,0,0,0.5)” width=”100%” max_width=”100%”][et_pb_column type=”4_4″ _builder_version=”4.6.6″ _module_preset=”default”][et_pb_text _builder_version=”4.6.6″ _module_preset=”default” header_font=”|700|||||||” header_text_align=”center” header_text_color=”#ffffff” header_font_size=”3em” text_orientation=”center”]<\/p>\n

Epicor Advanced
Project Management<\/h1>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.6.6″ _module_preset=”default” custom_padding=”||50px|||”][et_pb_row column_structure=”2_5,3_5″ _builder_version=”4.6.6″ _module_preset=”default”][et_pb_column type=”2_5″ _builder_version=”4.6.6″ _module_preset=”default” background_color=”#ebebed” use_background_color_gradient=”on” background_color_gradient_start=”#ebebed” background_color_gradient_end=”#ffffff” custom_padding=”20px|20px|20px|20px|true|true” border_radii=”on|10px|10px|10px|10px”][et_pb_text _builder_version=”4.6.6″ _module_preset=”default” custom_padding=”|||0px||”]<\/p>\n

\u201c<\/span>Epicor and Precise are integrating our shop floor manufacturing operations to our procurement, project management and finance functions for the first time, and that is delivering us real-time access to information we could never have been able to achieve from our previous legacy systems and spreadsheets. That is helping us make better decisions in the business and deliver an even better, more consistent experience to our customers.\u201d<\/p>\n

Tarvy Gosal<\/em><\/strong>
Managing Director
Fleetwood Architectural Aluminium<\/p>\n

[\/et_pb_text][et_pb_image src=”https:\/\/precisebusiness.com\/wp-content\/uploads\/2020\/11\/Fleetwood-architectural-aluminium-logo_1.svg” title_text=”Fleetwood-architectural-aluminium-logo_1″ align=”right” _builder_version=”4.6.6″ _module_preset=”default” width=”120px” module_alignment=”right”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.6.6″ _module_preset=”default”][et_pb_text _builder_version=”4.6.6″ _module_preset=”default” header_font=”Nunito|700|||||||” header_text_color=”#e02b20″ header_2_font=”|600|||||||”]<\/p>\n

Project Based ERP Software with Embedded Contract Management and Billing<\/h1>\n

Manage projects, contracts, claims, subcontractors, variations and revenue recognition within one single user friendly system that gives you full ERP functionality including manufacturing and supply chain management, for a complete solution.<\/h2>\n

Epicor Advanced Project Management is built in the Epicor development framework, and is a fully integrated software solution for businesses that have a need to manage complex contracts and multi-faceted projects within their enterprise resource planning (ERP) system.<\/p>\n

Epicor Advanced Project Management is a specialist solution, addressing the challenges of complex contract management in a world class modern ERP environment. Enjoy a consistent experience while unique business requirements can be easily accommodated within the flexible toolset.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.6.6″ _module_preset=”default” use_background_color_gradient=”on” background_color_gradient_start=”#ebebed” background_color_gradient_end=”#ffffff” custom_margin=”50px|||||” custom_padding=”50px|||||”][et_pb_row column_structure=”1_2,1_2″ make_equal=”on” _builder_version=”4.6.6″ _module_preset=”default”][et_pb_column type=”1_2″ _builder_version=”4.6.6″ _module_preset=”default”][et_pb_text _builder_version=”4.6.6″ _module_preset=”default” header_3_font=”|700|||||||” header_3_text_color=”#e02b20″]<\/p>\n

Capture all costs and invoice everything, on time, as per the contract<\/h3>\n

Many companies involved in the design, delivery, fabrication and construction of major projects need to capture costs on a project for labour, equipment usage, material, expenses, and subcontractors. These costs then need to be invoiced based on the agreed contractual billing terms which could be fixed price, progress percentage, quantity-based or a complex combination of all of these. On top of this, these businesses also need to manage retentions, claims and variations, all of which add another layer of complexity to the billing process.[\/et_pb_text][et_pb_text _builder_version=”4.6.6″ _module_preset=”default” header_3_font=”|700|||||||” header_3_text_color=”#e02b20″]<\/p>\n

Improve cash flow and forecasting through effective management of contracts and projects<\/h3>\n

Large, complex projects present a lot more risk to the business. Managing cash flow is critical, and if claims are missed, it impacts more than just the bottom line. Businesses need the visibility to enable them to bill or claim everything they can, at the time they are allowed contractually. This process must be systemised with workflows and automation, to help the Project Managers and Cost Accounting team do their jobs effectively and keep the projects on a profitable track.[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.6.6″ _module_preset=”default”][et_pb_text _builder_version=”4.6.6″ _module_preset=”default” header_3_font=”|700|||||||” header_3_text_color=”#e02b20″]<\/p>\n

Get control of the numerous subcontractor obligations and on-charges<\/h3>\n

Complex projects are rarely a 1:1 relationship between the customer and the vendor. More often than not, many aspects of the job are contracted out to other companies and this web of multiple contracts must be managed very carefully. The management of subcontractor terms and deliverables can prove challenging, especially if they are not linked with the one or more customer contracts they are working on. Spreadsheets and memory soon become unreliable and more revenue is lost through charges not being billed.[\/et_pb_text][et_pb_text _builder_version=”4.6.6″ _module_preset=”default” header_3_font=”|700|||||||” header_3_text_color=”#e02b20″]<\/p>\n

Eliminate spreadsheets and manual journals from your revenue recognition process<\/h3>\n

Long term contracts are not unusual in these industries, so the management of revenue recognition is key, especially with the changes to the revenue recognition standards. Gone are the days when cost accounting teams battled with spreadsheets to manipulate period accruals at month and year end, hoping they have captured all costs and revenue. What they need is an easy to use workbench that generates proposed accruals but allows them to make changes to the calculations as required. When the accruals are agreed, the GL journals are posted automatically upon commitment. What they want and need is flexibility.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.6.6″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.6.6″ _module_preset=”default”][et_pb_text _builder_version=”4.6.6″ _module_preset=”default” custom_margin=”||13px|||”]<\/p>\n

The Contract Summary screen gives you a complete snapshot of the high level elements of the contract<\/em>.<\/p>\n

[\/et_pb_text][et_pb_image src=”https:\/\/precisebusiness.com\/NL\/wp-content\/uploads\/sites\/3\/2021\/02\/CNS-Contract-Entry.jpg” alt=”CNS-Contract-Entry” title_text=”CNS Contract Entry” _builder_version=”4.6.6″ _module_preset=”default” custom_padding=”0px|||||”][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.6.6″ _module_preset=”default” custom_padding=”0px||0px|||”][et_pb_row column_structure=”1_3,1_3,1_3″ use_custom_gutter=”on” make_equal=”on” _builder_version=”4.6.6″ _module_preset=”default” width_tablet=”” width_phone=”” width_last_edited=”on|tablet” module_alignment_tablet=”” module_alignment_phone=”” module_alignment_last_edited=”on|desktop”][et_pb_column type=”1_3″ _builder_version=”4.6.6″ _module_preset=”default”][et_pb_image src=”https:\/\/precisebusiness.com\/NL\/wp-content\/uploads\/sites\/3\/2021\/02\/contract-management@3x.png” alt=”Contract Management” title_text=”contract-management@3x” _builder_version=”4.8.1″ _module_preset=”default”][\/et_pb_image][et_pb_text _builder_version=”4.6.6″ _module_preset=”default”]<\/p>\n

    \n
  • Manage complex contracts.<\/li>\n
  • Contracts can be tied to a single project, or many projects.<\/li>\n
  • Manage small and long duration contracts.<\/li>\n
  • Multi-level item\/scope definition.<\/li>\n
  • Revision control and variation controls.<\/li>\n
  • Retention management.<\/li>\n
  • Ability to do complex invoices with a mixture of fixed price, progress and quantity based billing methods.<\/li>\n<\/ul>\n

    [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.6.6″ _module_preset=”default”][et_pb_image src=”https:\/\/precisebusiness.com\/NL\/wp-content\/uploads\/sites\/3\/2021\/02\/claims-management@3x.png” alt=”Claims Management” title_text=”claims-management@3x” _builder_version=”4.6.6″ _module_preset=”default”][\/et_pb_image][et_pb_text _builder_version=”4.6.6″ _module_preset=”default”]<\/p>\n

      \n
    • Cumulative claims management.<\/li>\n
    • Applications for payment\/proforma invoice processing.<\/li>\n
    • Approval process to validate prior to submission to customer.<\/li>\n
    • Integration to Accounts Receivable to enable holistic customer reporting.<\/li>\n
    • Invoicing based on valuations, not just part shipping.<\/li>\n
    • Flexible invoice and claim layouts to show summary or detailed lines.<\/li>\n<\/ul>\n

      [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.6.6″ _module_preset=”default”][et_pb_image src=”https:\/\/precisebusiness.com\/NL\/wp-content\/uploads\/sites\/3\/2021\/02\/subcontract-management_1@3x.png” alt=”Claims Management” title_text=”subcontract-management_1@3x” _builder_version=”4.6.6″ _module_preset=”default”][\/et_pb_image][et_pb_text _builder_version=”4.6.6″ _module_preset=”default”]<\/p>\n