Module Integration
Source Target
Planning Production, Accounts Receivable, General Ledger

The Project module is a powerful tool designed to streamline the invoicing process for maintenance, repair, and overhaul (MRO) projects. Here are the key features and functionalities:

Contract Terms Configuration:

  • The module allows you to create customized contract terms either by customers or specific projects. These terms serve as templates for accurate invoicing.
  • You can define various parameters within these contract terms, including:
    • Markups: Specify percentage markups on material costs, labor rates, and other project-related expenses.
    • Hourly Rates: Set hourly rates for different types of work or services.
    • Exclusions: Exclude specific items or costs from the invoice calculation.
    • Billing Rules: Configure rules based on product lines or job card types.
    • Fixed Pricing: Define fixed prices for certain services or components.

Accurate Invoicing:

  • With the contract terms in place, the module ensures that invoices are generated accurately.
  • It calculates costs based on the configured markups, hourly rates, and exclusions.
  • By adhering to the contract terms, the system guarantees that the proper prices are set for each project.

Built-in Configuration Options:

  • The module provides flexibility through various built-in configuration options:
    • Customization: Tailor the invoice calculation process to your organization’s specific needs.
    • Granularity: Fine-tune the details of cost management and pricing.
    • Project-Specific Settings: Apply different contract terms to individual projects.

Accounting Integration:

  • As projects progress, the module collects all relevant cost data.
  • Eventually, it enables the accounting department to generate accurate invoices for clients.
  • The contract terms act as a safeguard, ensuring that the invoiced amounts align with the agreed-upon terms.

In summary, the Contract & Invoicing module empowers MRO businesses to manage costs, markups, and pricing effectively, while maintaining transparency and accuracy in their financial transactions. It’s a crucial component for seamless project management and client billing within the PAMC Software ecosystem.