Projects & Progress Billing Management – Onyx ERP
The Projects & Progress Billing system is a sub-system that follows a project from the initial technical and financial study through the contracting, execution and financial-costing stages, and issues the progress invoices that fall due on their scheduled dates.
Key functions
- Define the project with its data, the technical and financial study, the main contracts and any subcontractor contracts, its execution stages at multiple levels with precise details, and any additional variations.
- Analyse the project by every line item, recording progress or delays and handling them.
- Issue progress invoices for completed project work and for subcontractors.
- Process the preliminary or final handover of project items.
- Issue summary and detailed project reports by line item, percentage of completion and other options.
Key features
- Effective control of project workflow according to its approved master data.
- Define more than one control policy for projects at the project or sub-system level.
- Track overruns in project work and issue dedicated alerts.
- Monitor subcontractor contracts, their completion percentages and performance.
- Monitor the project by overall completion percentage and by each line item.
- Attach progress-invoice documents and issue them on the project's approved dates.
