MAS 500 ERP – Project Accounting
TimeSheet Professional for MAS 500®
Sage TimeSheet is a web based project management time and expense tracking solution—ideal for businesses that need to electronically track projects and collect data on the actual time spent and the expenses incurred on each task. Along with seamless integration with Project Accounting, Sage TimeSheet adds sophisticated time data collection to all major financial, project management, and payroll systems in Sage MAS 500 ERP. Easy to install and administer, this comprehensive web based project management solution for internal or remote workgroups of any size helps track time and expenses by many user-defined levels, including employee, department, client, project, and individual task. Sage TimeSheet supports a robust approval mechanism that allows organizations to configure an approval process that matches their internal procedures and polices. Plus, Sage TimeSheet is easily adaptable to any organization’s project structure and workflow.
The MAS 500 Project Accounting module allows project managers to optimize best practice project profitability. Project managers can track actual vs. estimated costs through forecast completion, which helps prevent cost overruns and generate bottom-line savings. As project scope evolves, Project Accounting permits changes to the estimated budget to increase forecast accuracy throughout project lifecycles. Project Accounting also provides remote time and expense entry and project status inquiry from anywhere in the world via the Internet. With this knowledge management capability, project managers and supervisors can obtain timely information about project profitability, while remote workers are assured their time and expenses are accurately tracked and entered.
Another add-on to the MAS 500 Project Accounting solution, eTimeSheets, is a browser-based time and expense entry and project cost management module that connects a remote workforce on a real-time basis. While remote professionals enter time and expenses from anywhere in the world through the Internet, team members at the home office can enter project time and expenses through the corporate intranet or Internet. All project information flows directly to the Project Accounting module for up-to-the-minute project analysis.
Microsoft Project Link
In recent years, the software industry has seen the emergence of a variety of solutions designed to help companies better manage projects through improved project tracking. The majority of these systems can be grouped into one of two categories-project accounting or project management. In the simplest terms, project management software aims to deliver projects on schedule. Project accounting solutions strive to deliver projects on budget. While many companies have successfully implemented project accounting solutions, most have not been able to get the systems to work together. Instead, project managers and finance departments have resorted to communicating through e-mail, paper report, and home-spun spreadsheets. To solve these inefficiencies, Sage Software offers the Sage MAS 500 Microsoft Project link module. It enables you to integrate Microsoft Project with Sage MAS 500 ERP. Through the synthesis of these products, the result is seamless information workflow. By passing data between these two systems, project managers are kept informed of changes or potential overruns, while the finance department simultaneously knows when to generate invoices. The module’s versatility is underscored by its ability to update a diverse range of project costs and time with a single data entry. Sage MAS 500 capabilities enable you and your business to focus on the future.
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