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Using mobile, social, analytics, and the cloud, you can standardize budgetary controls. Capture and account for project costs and commitments from across applications and third-party integrations. Automate and streamline the gathering and the allocation of costs. Timely visibility and modern cost collection processes help ensure project success.
Standardize and automate cost collection for all project-related expenditures using transaction and budgetary controls.
Streamline the import and validation of project costs from multiple sources. Perform borrowed and lent processing for cross-charges.
Apply the buildup of indirect costs to expenditure items to report and account for the total cost of a project.
Initiate disputes on behalf of insured for review and approval within and across departments. Receive payments at the delinquency or case level.
Generate and post accounting entries for direct costs, indirect costs, borrowed or lent costs, adjustments, allocations, and accruals.
Record capital and retirement costs such as construction-in-progress, cost of removal, and proceeds of sale against assets. Calculate simple or compound capital interest.
Allocate overhead costs such as salaries, administrative overhead, and equipment charges to projects that benefited from these costs.