Finance Management

Does every call from your banker start a financial reporting race?

Q360™ supplies Project Accounting that connects project tasks to company financials. Q360™ is a Business Process Management (BPM) tool that does accounting — Not an accounting tool that tries to support and manage a business.

For controllers and accountants, nothing is more important than knowing that the financial data available is accurate, accessible and audit-ready.

Q360™ addresses these needs by providing complete financial reporting on individual projects or amalgamated by attributes in summary or detail. Because Q360™ financials are an inherent part of projects there are single points of data entry providing a tight audit trail.

If you use business management software that is not project based and incorporates project accounting, you escalate your administrative costs. Information isn’t shared and it isn’t easily accessible therefore it slows down employees and impacts their work as well as the project’s profitability.  Just recording transactions only allows a historical view of the transaction. When you streamline time-consuming complex financial processes into a centralized business process, you can:

  • Immediately identify which projects are generating or consuming cash
  • Create visibility into discrepancies between actual and estimated expenses during the project not after
  • Automate deferred revenue contracts and project cost based revenue recognition
  • Tie project accounting to Time & Attendance productivity tracking