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Manage Your Top Line, Bottom Line and Everything in Between NetSuite Project Management Manage your services organization more effectively with integrated project management, project tracking and reporting with NetSuite Key Benefits Project Management. You can automate project • Improve oversight of your operations, maintain tighter control of project accounting. creation when specific services are sold and automatically track percent complete, time • Understand the true costs of the services you render, and get an accurate and detailed view budgeted and time spent on project tasks. of profitability. Reports for utilization and backlog help analyze employee workloads and efficiency. • Improve productivity and drive efficiencies. www.netsuite.com Why NetSuite Project Management? resource tracking is complete and real-time Project accounting is a key component in for ever improving client service, and can be monitoring the progress of your projects and segmented and leveraged for smarter ensuring that your business remains profitable. client intelligence. NetSuite Project Management is essential to Project Tasks organize work and allow visibility into a You can create project tasks with multiple complex operation. predecessors and finish-to-start (FS), start-tostart NetSuite’s Project Management module (SS), finish-to-finish (FF) and start-to-finish (SF) seamlessly integrates with the NetSuite relationships. In addition, project tasks can be accounting system. In addition to project created with lag time between tasks and a Finish management and time and expense tracking, you No Later Than (FNLT) constraint. can create and issue invoices, compare project Project Dashboard performance to budgets and other metrics. The Project Dashboard gives project managers a NetSuite Project Management module manages visual, graphical analysis of the status of specific revenue recognition, expenses, unbilled balances projects. Project managers can see important key and other project-related financials. performance indicators (KPIs) at a glance such Key Capabilities as which projects are on time, under budget and Manage Multiple Project Types destined for success. For projects that are behind, NetSuite manages multiple types of projects you can use the dashboard to quickly drill down including time and materials and fixed and identify the root cause. As team members price projects. enter information, the dashboard updates automatically to provide you with an up-to-date Automate Job Creation view of the current health of your projects, while You can automate job creation by identifying it’s happening. service items that will require a job; then, sales orders for those items go into a queue where Project Center you can assign ID and project manager, and bulk With Project Management, you can assign project create many jobs with one click. resources a standard consultant role with access to the Project Center. It provides a convenient Organize Tasks and Activities way for consultants and project managers to view NetSuite also organizes tasks, calls and events, summary information about their projects and linking them to specific projects. Information quickly enter transactions against those projects. regarding clients is managed in one place so © Oracle | Terms of Use and Privacy Page 2 Project-Based Milestones Estimate Labor and Revenue Project milestones are critical points that you NetSuite estimates labor cost and revenue for monitor throughout the life cycle of a project. jobs based on the number of hours entered Milestones highlight important interim events, times the loaded cost rate for each employee and such as the completion of a phase, delivery of anticipated billing amounts from the sales order materials and payment for work performed. These linked to the job. milestones are useful, for example, in setting Gantt Chart dates for billing and completeness of work. An improved Gantt chart provides better visibility Project Templates into project schedules. It is a useful tool for Project Templates are reusable templates that planning and scheduling projects, monitoring a provide robust starting points for your projects, project’s progress, and illustrating start and finish saving time and simplifying projects from dates including summary elements of a project. beginning to end. Timesheets Project P&L Tab Timesheets allow you to enter and submit weekly With the Project P&L Tab, you can now track timesheets, saving you time and effort. And the progress and monitor costs associated with the timesheet record available to you in the with each project, keeping you on top of SuiteCloud platform, you can customize your financial performance. timesheet approval processes to suit your unique business needs. View Key Performance Indicators at a glance using Project Dashboard. © Oracle | Terms of Use and Privacy Page 3 Mobile Time and Expense to a schedule of dates. The billing schedule type You can also use your iPhone to create and specified on the project determines the type submit time and expense reports after completing of project: Time and Materials Billing, Fixed Bid a job, directly upload images of receipts, view time Interval/Milestone Billing Schedules and Charge- entries on a timesheet/week basis and more. Based Project Billing. Also, billing forecasts can be generated based on the effort planned to Tie Projects to Customers and Bill Directly be expended across the planned project billing Create project jobs and link them to specific interval to determine when you expect customers customers, even create sub-jobs. When you to be billed. create project tasks, and enter time against them, percent complete is automatically calculated and Payroll Expense Allocation for Jobs rolled up to the job level. Keep track of original NetSuite provides a one-click solution for tracking and current estimated time to complete each task. the actual labor cost of your jobs. Salaried Billing time back to customers enables you to earnings and payroll company contributions can enter time spent on a job for customers, and then be allocated to the jobs each employee worked bill the cost to them. on during the pay period, according to the time they entered, providing more accurate financial Project Billing reporting on job profitability. You can bill projects based on completing project work, achieving project milestones or according Get better visibility and better project monitoring capabilities with fully redone Gantt Chart. © Oracle | Terms of Use and Privacy Page 4 Broaden Project Visibility, Measure Performance • Current Backlog – Get a quick overview of work All project job records include start dates, remaining on your open jobs—the number estimated end dates, percentage of work of jobs assigned to each service rep and the completed, actual end dates, as well as all income number of hours left to complete their job- and expenses associated with each project. You related tasks. can view time budgeted versus time spent as well • Customer/Project Profitability – Review the as team utilization. profitability of your projects based on actual Project Tracking Reports posting revenue and expense transactions. • Employee Utilization – Track employee utilization rates on a per-employee and rolled- up, team basis using this report. You can also compare utilization for two time periods at once—for example, view ‘current month to date’ utilization and ‘current year to date’ utilization side by side. Stay current anytime, anywhere with purpose-built mobile apps including easy time capture and expense receipts with picture attachments. © Oracle | Terms of Use and Privacy.
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