SYSPRO Projects and Contracts facilitates accurate profit reporting for long-term projects that require analysis of costs and revenues at each section or level of the contract or project.
Key Benefits of Projects and Contracts
- Real-time actual and committed costs, as well as realized and projected profits
- Analyze at project job or contract level
- Deposits, retentions and billing schedules
- Recall of standard costing hierarchies for similar items for reduced processing time
- Revenue recognition through sales orders, based on the defined costing hierarchy
- Calculation of profits taken and projected
- Profitable areas highlighted
- Comprehensive reporting for jobs and contracts
