How to Track Project Margins

Project driven organizations need to gauge whether there is incremental improvement and set up mechanisms to track and measure these improvements. To measure performance of your projects, however, you need to have specific metrics. Certinia brings together all the business details so you’ll know exactly where your project financials stand at anytime.

Certinia PSA helps you track all the financial underpinnings of a project including budgets, estimates, WIP, pre-bills, bookings, invoices, billing milestones, percentage complete, expenses, labor and material costs.

With Certinia PSA, you can track planned revenue, cost and profit margin to evaluate if the project meets profit requirements before it even kicks off. As the project progresses you will get detailed information into expenses, hours submitted, and can also track when bills are processed, sent and paid.

Benefits of project tracking with Certinia

• Track planned revenue and profit margin when projects are created
• Track project financials in real-time as the projects progress
• See profit margin, expenses, and related financial detail rolled up to regions, practices, and groups.
• Obtain access to project related budgets and financial data
• Easily filter info by practice, region, and/or group breakdowns