Intacct has added new resource scheduling capabilities and other enhancements to Intacct Project Accounting designed to automate both project accounting and project delivery within the financial system of record.
Recent enhancements include new resource scheduling; improvements to the billing engine, including support for cost-plus-fee pricing models and the ability to bill customers, pay vendors, and reimburse employees in different currencies on the same project; and support for all three Generally Accepted Accounting Practices methods to measure project completion for revenue recognition. In addition, revenue recognition and billing are decoupled, enabling organizations to have up-to-date visibility into financial performance.
“These recent enhancements to our cloud financial management system deliver new and improved ways for professional services firms to streamline the end-to-end process of delivering services to their customers – on time and within budget,” said Vijay Ramakrishnan, director of product marketing at Intacct. “We’re making it easier for these companies to manage not only how they deploy their talent, but also all the critical financial aspects of their project-based business, including revenue recognition, billing, time/expense tracking, and labor costing – all from within their financial system of record. This ability to easily manage and monitor both the financial and operational details of their business allows companies to better adapt to changes, more closely manage project profitability, and drive improved business performance.”
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