Maconomy supports all stages of the project life cycle; from presales over project execution to reporting and follow-up. It enables efficient project management of short-term assignments as well as major projects where each phase is a project in itself.
Maconomy helps you reduce the risk of budget overruns by allowing detailed estimates, budgets, and prices to be set up as early as the project sales phase. Furthermore, Maconomy’s effective project progress/cost control model provides Project Managers with a fully updated view of the status of each individual task.
Project and budget creation is based on templates or actual data from previous projects. Budgets can be broken down into different levels or phases using multi-level work breakdown structure. Full overview of pipeline, cash flow and peak periods is achieved by distributing budgets and sales estimates over time, and employees are easily assigned to tasks at specific times.
Cash flow is optimized as costs can be invoiced as they incur. Web-based time and expense sheets and the innovative SpeedSheet allow project employees to enter their time and expenses anytime, anywhere, and automatic reminders prompt employees to submit their time sheets.
Maconomy’s flexible, multi-level approval management functionality provides full control of expenses to subcontractors. Maconomy offers invoice scanning as an integrated part of the invoice management system. Delivery of physical items as part of the service delivery can be managed through Maconomy’s fully integrated Trade modules.
