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Reconciliation & invoicing lets you analyze and reconcile the financial health, profitability and burn-down rate of a project.
Keep track of 3rd party costs, expenses, and internal fees with Reconciliation & invoicing for Encodify.
Review key figures across your projects to understand KPI metrics such as budget vs spend to determine the burn down of your projects. You can monitor profitability of projects and get notifications when specific thresholds are breached.
Share access to financial data to get approval on budgets, purchase orders, and invoices from relevant stakeholders.
You can even collaborate with clients and 3rd parties to approve quotes, internally monitor and review large value expenses, and you maintain a full audit trail for the financials of each project.
Bill clients when projects are complete, part bill them when some of the work is finished, or pre bill them up front. You can automatically invoice the entire or remaining balance of the project upon completion.
