Enterprise Project Management - Overview
Globe3 Enterprise Project Management (EPM) is an advanced enterprise resource planning (ERP) software solution that usually ties up with construction businesses to streamline and optimize their operations. Our EPM software offers a comprehensive set of tools and features specifically tailored for the construction industry, including project management, scheduling, and cost control. It is user-friendly and scalable, allowing businesses to adapt and snowball. In addition, our experienced software professionals provide guidance and assistance to ensure customers get the most out of our solution.
The Project Dashboard is a central hub that provides real-time visibility into project performance, progress, and key metrics. It offers graphical representations and summary information, allowing project managers to track milestones, budgets, resources, and risks. The dashboard facilitates informed decision-making by providing a holistic view of project health and progress.
Progress Claims & Certified Claims (AR & AP)
In construction or project-based industries, Progress Claims and Certified Claims are essential financial aspects. The Globe3 EPM module manages these claims by enabling accurate tracking, documentation, and approval processes for progress billing or certified payment requests. It streamlines the Accounts Receivable (AR) and Accounts Payable (AP) functions associated with project invoicing and payments.
The Tender Bill of Quantities (BQ) feature helps streamline the bidding and estimation process in construction projects. It allows project teams to create, manage, and analyze detailed itemized lists of materials, quantities, and costs required for a project. The Tender BQ module helps generate accurate cost estimates< and facilitates effective bidding and contract negotiations.
The Project Budget feature ensures effective financial management by enabling the creation, tracking, and control of project budgets. It helps allocate resources, monitor expenditures, and compare actual costs against planned budgets. The module provides insights into cost overruns, cost variances, and supports proactive budget adjustments to keep projects on track.
The Construction Work-in-Progress (WIP) module focuses on managing and tracking ongoing construction projects. It helps monitor costs, revenues, and progress for each project stage, enabling accurate project accounting. The WIP module assists in generating accurate financial reports, measuring profitability, and ensuring effective project cost management.
Enterprise Project Accounting
The Globe3 Enterprise Project Accounting module helps you control and manage the finance of projects and gives you real-time reports of the profitability of each project. It benefits construction and engineering/software project companies where asset-based accounting is adopted. Project-level users can be controlled to have access to the accounts of selected projects. After each stage, the auto-reversal of a project’s balance sheet can be done on a percentage basis at the user-defined date. This reduces the time and effort required to close the books of each project and can give management access to a project’s profitability assessment at a click of a button.
In conclusion, Enterprise Project Management in ERP is a valuable tool for industries such as Construction, Manufacturing, Retail, and Marine Offshore. These sectors can leverage its capabilities to streamline project workflows, enhance collaboration, and improve resource allocation. From managing construction projects to overseeing manufacturing processes, optimizing retail operations, and coordinating marine offshore activities, Enterprise Project Management in ERP empowers these industries to achieve greater efficiency, productivity, and project success.