The Financial Manager module is a complete solution for managing costs and revenues. Financial Manager provides the necessary tools to accurately capture expenditures, access historical information, and create a broad spectrum of financial reports. Regardless of whether arising from the project transactions, General Ledger, Accounts Payable, CA Clarity timesheets, or other time and expense entries, the Financial Manager collects and records the costs.

Chargeback allocations

Financial Manager supports the assignment of internal performance accounting by percentage at the project level or at the level of individual processes, so that the costs are distributed to the appropriate departments.

Billing and Invoicing

Financial Project Manager records project transactions as a Work in Progress (WIP). Invoices for work will be formulated and sent to the customer. The accounting function in Financial Manager performs calculations at a fixed price or Time and Material and allows the issuance of credits and re-invoicing. Furthermore, this can all be done in multiple currencies.

Costs and billing rate management

Financial Manager ensures the maintenance of several cost rate matrices, configuring the billing and cost rates for labor, expenses, materials and equipment, or hardware.

Reporting

Financial managers generates individual customized management reports and operational reports providing an overview of the company expenditures. An accurate financial reporting with turnover forecasting, work-in-process analysis, and transaction analysis lets you recognize excessive costs and other financial problems immediately.