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CA Clarity™ Project Financial Manager
Streamline Your Project Billing, Chargeback, and Financial Reporting Processes
CA Clarity Project Financial Manager brings you a complete solution for managing costs and revenues associated with all of your strategic projects. Not only can you report on both internal and external costs, but you can also increase cash flow and effectively manage your budget through real-time control of billing, invoicing and chargeback allocations.
Built-in tools increase your control by accurately capturing expenditures, accessing historic information and generating a wide range of financial reports—all of which make it easier to manage costs and spend your budgets wisely.
Whether project transactions originate from the general ledger, accounts payable, CA Clarity timesheets or other time and expense entries, Project Financial Manager can capture, cost and account for them. Sophisticated categorization functionality allows you to segregate capitalized expenditures from expenses for appropriate financial reporting and compliance with SOP 98-1. The chargeback functionality allows transactions from internally-funded projects to be mapped to and allocated across business units and departments, providing equitable distribution of project costs.
To deliver on these key requirements, Project Financial Manager includes core project accounting functionality as well as chargeback allocations, cost and rate management, billing and invoicing and reporting.
Chargeback Allocations
Chances are, your organization uses its IT staff for development projects that benefit many business units. A team is assembled of individuals from several organizations, and all costs incurred by that team, including resource salaries, are allocated on a percentage basis to the funding organizations. Project Financial Manager supports these chargeback allocations as a percentage split at the overall project level or at the individual task level.
Allocate costs of internally-funded projects to appropriate business units.
Billing and Invoicing
Project Financial Manager captures your project transactions as work-in-progress (WIP), supporting your financial manager's ability to create and send invoices to customers for work performed. The invoicing functionality allows you to bill by fixed price or time-and-materials, as well as issue credit memos and re-bill, all in multiple currencies. Using Project Financial Manager for billing and invoicing also provides you with transaction-level control documentation required for significant accounts under Section 404 of the Sarbanes-Oxley Act.
Cost and Rate Management
Project Financial Manager allows you to maintain multiple rate matrices that establish bill and cost rates for labor, expenses, materials and equipment, align multiple currencies. You can even apply relevant mark-ups at the time expenditures are incurred. These costs, along with administrative charges, are then aligned with your budgets and posted to Financial Manager's powerful billing engine. Rate matrices accept forward-moving rate changes without changing historical data, providing you with an accurate accounting of project costs by resource, period, year and organization.
Generate invoices with transaction level detail.
Reporting
Project Financial Manager generates customized management and operational reports, giving you true insight into where your money is being spent. Accurate financial reporting, including revenue forecasts, work-in-process analysis and transactional analysis information allows you to quickly identify potential cost overruns and other financial issues.
With the easy access it gives you to financial information, cost allocation, time and expense capture and accurate billing, Project Financial Manager helps your organization to streamline its financial management processes and improve operations.
Access key financial information via standard reports
For information contact:
Melissa Mata
Phone: (281) 558-2433
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