Reconciliation & Invoicing
Analyse and reconcile the financial health, profitability and burndown rate of a project. Keeping track of 3rd party costs, expenses and internal fees.
The Features Of Reconciliation & Invoicing
Get a handle on things with the power Of Reconciliation & Invoicing
Review the figures across your projects to understand key KPI metrics.
Review budget vs spend to determine the burn down of your projects
Monitor profitability of projects
Report and notify when thresholds are breached or at risk
Share access to financial data to gain approval from relevant stakeholders for things like budgets, purchase orders and invoices.
Collaborate with clients and 3rd parties to approve a quote
Internally monitor and review large value expenses/outwork
Maintain a full audit trail against the financials of a project
Bill clients when projects are complete or even pre/part bill them during the process.
Part bill when some of the work is completed
Pre bill projects up front based on the agreement
Automatically invoice the entire or remaining balance of the project
Realise the benefits of reconciliation & invoicing
Be alerted on Key KPIs
Never undercharge or under estimate
Forecast profitability in a WIP environment
Reduce human error on financial reporting
Get paid faster by invoicing sooner
Protect your business with a full audit trail
Frequently Asked Questions (FAQs) - Get the answers you need!
Can you have prices managed by rate cards?
Yes this is the standard in Encodify. You will be able to manage a default rate card and then custom rate cards based on the desired metrics
Do you support multiple currencies?
Yes, you can manage your exchange rates manually or link to an online exchange rate tool
Can I share quotes with people outside of my organisation?
Yes, we have guest sharing with our approval tool, allowing you to share a PDF version of your quote with any external user. These users can approve the quote if you want to allow them this function too.
