Project Accounting and Financial Management

Comprehensive project accounting software can be the difference between a profitable
business and one that loses money.

Expert project execution is one thing, but delivering projects profitably is another. It's just as important to know if a project is on track financially as it is to keep tabs of the details of its execution. If incoming materials arrive damaged, for example, they may cause not only project delays and idle resources, they can also cut into profit further by requiring expensive overtime and incurring the costs associated with expediting replacement materials.

Khameleon's project accounting software catches project costs as they happen. Analytics compare actual costs to a project's budget, so you can see how well it is performing financially. Khameleon's business intelligence also delivers labor utilization, product line and market sector analyses, margin performance, and revenue backlog and forecasts to the appropriate role-based Workbenches. The details are all there: sales forecasts and bookings, receivables, payables, revenue schedules, billing, labor variances, commissions, and so on.

Khameleon's Oracle-based project accounting software captures projects costs at the source:

• Employee time and expenses
• Third-party product costs, materials, and expenses
• Ongoing service-level arrangements
• Warranty agreements
• Subcontractor costs

Khameleon's integrated project accounting software automates the entire project accounting process. It eliminates redundant, manual, and time-consuming project accounting practices and makes sure you know all your costs.

Some customers operate Khameleon project accounting system as part of Khameleon's full suite of integrated, project-centric ERP software. Others match it up with the specific modules they need to fit their businesses precisely. Service divisions of large corporations integrate Khameleon's project accounting solutions to their corporate ERP systems, giving them the functionality they need while staying within corporate IT governance mandates.

To learn more about Khameleon's project accounting software and other project-centric solutions, talk to one of our project experts at 800-655-6598.