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Socrate Junior ERP Solution

The Project management includes the costing as well as other aspects of a project from estimation to budgets, cash flows, etc. This powerful tool leads the management to an effective control over costing, document management and workflow.

Common Facilities
Assists the user to establish a detailed budget for the project in process.
Compares the bill of quantities and the material used for each task.
Detailed technical data sheet for each task.
Follows up the real cost of each task and compares this cost with the budget established at the beginning of the project.
Enables multiple budget scenarios.
Provides an accurate calculation of cost per job and per project.
Manages information related to the bill of quantities including tasks, material, equipment and labor.
Updates automatically the inventory and the work in progress account.
Tracks costs for each job and work in progress.
Calculates percentage of completion.
Measures actual performance with regards to initial planning of a job.
Monitors progress for current projects.
Analyzes past projects' profitability.
Allows the creation of cost breakdowns.
Assist through a wizard in total, partial closing and billing of a project.
Provides wizards that assist in revenue recognition.