Project-based manufacturing and precise cost control
The key to success in complex project mode
In this complex and dynamic mode, projects are structured as they progress, in response to events (uncertainties, changes, etc.), and the financial consequences of drifts can be catastrophic. In this context, it is vital for the enterprise to be able to steer every project precisely.
It cannot be satisfied with just reacting, informing and negotiating, it must anticipate, structure, and evaluate the permanent risks to direct its action towards achieving its goal.
The key to success therefore resides in the capacity to continually use the right information in real time, on the entirety of every project, or on all the projects, in terms of deadlines and resources, from the estimate to after-sales, and also in terms of costs and strict financial tracking, which lets you manage the potential drifts immediately and have a clear view on the profitability of every project.
Real time financial tracking is vital for the smooth running of your projects and lets you create a competitive advantage and provides a significant added value.
Experience, a key factor for success
The success and accomplishment of a project always depends on the competence of its actors. But the pressure exerted today by the market in terms of margins, deadlines and penalties for delay require, in addition to experience, the use of proactive tools that let you manage uncertainties, anticipate the drifts and reduce administrative costs.
With over 30 years of experience in the management of industrial projects, ProConcept Projects has been developed to offer a tool adapted to the specificities of active SMBs in the development of capital goods, prototypes, series 0, in the construction of machine tools or metallic structures and in construction site management, whether they are in the field of road constructions, nuclear, mechanical or spatial, etc.
ProConcept Projects offers a wide and powerful range of features, including the progress figures and turnover, invoicing due dates, retroactive or real time financial tracking, situation n/n-1, Gantt project management, margin calculation and risk management, real time multi-project consolidation, etc.
Real-time Financial Tracking
Business, financial, and budgetary tracking is fully ensured, in real time, with your indicators, through a clear cockpit view that allows you to navigate freely from the global to the detailed level.
Business managers benefit from a financial view tailored to their needs, and financial or accounting managers can budget, control, and analyze standard costs by cost center, for example, based on the same underlying data.
Since anticipation is always more effective than reaction, the budget is continuously aligned in real-time with actual, committed, and remaining costs.
Whether you are a sales manager, customer service, logistics manager, project manager, or technician, you can make decisions with full knowledge of the project’s context, ensuring your decisions and actions are based on all relevant information.
Controlling Costs
At the end of the fiscal year, your revenue depends on the progress (valued according to IFRS standards).
Between the hours worked (actual), the supplier orders being processed (committed), you must keep a constant watch on the remaining costs to be committed. These indicators help you assess your position relative to the initial budget, take necessary actions, and draw lessons for future projects.
To have full control over events, ProConcept offers total cross-functional visibility from the project and through the essential information and indicators necessary for the success of your project.
Partial Invoicing
ProConcept offers great flexibility in invoicing.
- Through progress billing, based on a payment schedule, milestone-based, or, if needed, at any time during the project's course
- Through management of down payments, credit notes, and invoices linked to a position/order
Moreover, you can modify the amounts to be invoiced at any time, with the remaining amounts automatically recalculated.
E-book: Managing My Industrial Activity with a Project-based management ERP
Download our free e-book, which includes the different roles in project management, the importance of integrating a project management ERP, ERP features for project management, and the market for ERP solutions in project management.
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