Reducing the time spent on invoicing and closing the books is a challenge. Enabling directors and managers to approve time and expenses online, in an integrated job costing and accounting system, is crucial for accelerating month-end reporting as well as for the invoice and payment process to improve your agency’s cash flow.
Providing your management team with accurate month-end results fast is crucial. Therefore, Maconomy’s best practice revenue recognition, WIP evaluations and intercompany handling are valuable tools for automating and producing real-time, month-end results.
Ensuring full visibility into finance data is key for budget control and drawing up long-term finance plans. Are you able to measure project costs against a budget to ensure that jobs are on time and within budget, and that you are not over servicing your clients?
Sarbanes Oxley compliance has become a critical parameter in the management of the financials of an agency. Maconomy provides functionality for setting up approval hierarchies, access control, data logging, as well as a complete audit trail.
See the demos to learn how Maconomy can help you face these challenges.
