Project and cost control
The sophisticated and flexible architecture of Vertec, allows for all-embracing and comprehensive project management and controls together with precise cost accounting, tailored to the requirements of your business. You budgetary controls can be for a total organization or an accumulation of budgets for all projects within a portfolio. The benchmarking gives you a powerful instrument that allows you to analyze every project structure within the company together with all matters relating to the cost accounting details. Also multidimensional profitability and profit center accounting can be implemented quite easily.
Project budget control
At the project level KPIs can be monitored and compared easily to the budgets in Vertec. This will highlight immediately if expenses exceed the targets.
Information from service entries through to invoicing within Vertec provides a powerful analysis tool with benchmarking. This allows at all levels within the company right down to individual projects and groups for a sophisticated costing and cost accounting solution.
Project Portfolio Management
The great flexibility of Vertec allows, for example, the construction of a detailed Project Portfolio Management System (PPMS), for the entire company. This will allow you to identify early on whether individual projects or activities are at risk of running into trouble.
Profitability and Profit Center Accounting
Because of the flexible costing and multi-dimensional parameters, profit centre accounting can be performed. This includes, contribution margin by department, region, services or activity.