Increase project management efficiency and track milestones and costs with ease
AccelerationPRM is a versatile project management tool that makes managing statement of work business more centralized and more efficient, allowing visibility to project spend, sub-projects, and changes in time and materials requirements. It gives all stakeholders clear and consistent understanding of deliverables, budgets and timelines, while offering the ease of consolidated invoicing.
In addition, Acceleration PRM’s proprietary sub-project feature allows clients to create multiple sub-projects within the scope of a master project, enabling users to further refine their distribution to specific pre-qualified vendors.
AccelerationPRM helps accommodate the distribution of RFx requests to your supplier base for project- or Scope of Work (SOW)-based business. Additionally, spend can be consolidated along with temporary labor into a single invoice.AccelerationPRM lets you define how projects will be billed
Although many clients use standard billing options including time and materials, fixed bid, or hourly, AccelerationPRM can be configured to process any billing method you choose. Key project-related invoices and a variety of reports can also be generated quickly for expense tracking.
AccelerationPRM allows companies to:
- Consolidate invoicing for greater speed and efficiency
- Gain visibility into real-time management and reporting of SOW- and project-based spend
- Utilize a purchasing vehicle for service-based business that’s flexible enough to accommodate complex buying decisions
- Award, track and pay suppliers based on fixed price, time and materials, or cost-not-to-exceed terms
AccelerationPRM makes project creation simple and customizable, so users can
- Custom-configure requisitions and workflows
- Create master and sub-project setups for multiple supplier awards
- Set milestones for billing and other goals
- Construct requisition templates with standardized settings for recurring use
AccelerationPRM gives you multiple reporting options
AccelerationPRM provides detailed reports for monitoring and auditing project invoice schedules. Additionally, it provides project-specific reports to help track costs and milestones, including:
- Billing activity by project: using work or billing period, and tracking by multiple criteria
- Project/Proposal/Billing Schedule: a comprehensive breakdown by phase and task
- Proposal versus Actual: a comparative analysis between proposed and actual units, rate and totals
