Project Management for Manufacturers

 

Do you manage engineering or prototype production projects? Do you install or service the products you manufacture? If so, the Sage ERP 500 ERP Project Management solution can keep your project managers informed and equip them with the tools they need to profitably manage each project.

 

By implementing this robust solution, you will enable your project managers to easily assign resources to projects, track actual versus estimated costs through project completion, and generate detailed estimates for customers. Projects can be based on a fixed price, by accounting for time and materials, or a combination of both options. Moreover, Project Management can be integrated with Microsoft Project, so you can leverage the strengths of both products to gain a comprehensive tool for managing all tasks, resources, and schedules.

 

Another Project Management feature that is particularly important to manufacturers is the ability to manage a wide variety of project types. This flexibility can significantly decrease project management costs by eliminating the need for multiple project tracking systems. In addition, six GAAP-compliant profit recognition methods enable you to control profit recognized over each period, resulting in a well-managed revenue stream.

 

Beyond its ability to manage manufacturing projects, Project Management also boasts a series of tools designed for businesses that install or service products. Time and materials can be instantly expensed throughout the installation or service processes. And Sage TimeSheet can be implemented to facilitate remote viewing and updating of project statuses.

 

Project Management for Manufacturers Highlights

• Monitor all details of your project, including estimates, change orders, purchase orders, timesheets, and billing
• Process your time and materials against one or multiple projects
• Input expenses electronically as they are incurred without the hassles of paper submission
• Leverage the Microsoft Project facilities for developing time and resource plans by uploading directly to Project Management
• Enjoy a seamless integration to Sage 500 ERP General Ledger, Accounts Receivable, Accounts Payable, Inventory Management, Purchase Order, and MRP modules
• Provide a wide range of invoicing and customization options to meet specific customer needs
• Manage projects from design and engineering and then turn on the powerful manufacturing modules for production management
• Analyze and monitor Project Management data and transactions to gain more insights into each project element