BUDGETS

Manage your contract cashflows and inevitable changes and variations in real-time

  • Get visibility into changes to contract values against budgets
  • Eliminate inaccurate payments with easy validation features, online approvals and escalation pathways
  • Auto-generate contractual documents for variations and payment certificates
  • Integration to wider business ERP and P2P systems

Improve the likelihood of your contracts staying on budget and avoiding cash flow issues with the BUDGETS module

Financial Reporting

The BUDGETS module enables greater visibility into accurate contract financial data in real-time. Financial summary can display cashflow forecasts, actual vs committed spend, extra works costs, payment history, contract variations and adjustments. A holistic view to help keep your project/contract on budget and avoid cashflow issues.

Quotation Request / Work Orders

This feature is designed for maintenance and service based contracts to provide the ability to manage multiple jobs or instructions for work under a single agreement. An embedded form creation function is used to auto-generate the request or work instruction form which can be emailed directly to the supplier.

 

Approved contract budget changes are automatically updated across all modules for real-time information.

Payment Scheduling

Features such as payment scheduling and ‘Payment Clock’ enable count down stage payments, highly relevant for capital works projects or large construction payments.

Integrate to Business Applications

The contract financial data managed within BUDGETS can be integrated with a range of wider business applications including ERP, P2P and finance systems, including Oracle, SAP, Technology One, Objective, JD Edwards and more. Integration at this level removes the need to search multiple systems to get to key financial information such as;

 

  • Contract values
  • Contract spend
  • Claims and payments
  • Adjustments and variations
  • Schedule of rates
  • Payment schedules

Try integrating with..

PROJECTS

Use PROJECTS module for complete project management functionality integrated into supplier and contract management. Direct collaboration with onsite suppliers helps manage contractor payments, schedule of rates, payment scheduling and extra quotations submitted via the SRM Portal.

Ready to take control of your contracts?