Cost and Revenue Management with Asta Teamplan
Cost management is an essential element of every project. Without cost management you become blind to the financial impact of the project.
Asta Teamplan supports effective cost and revenue management by providing a real-time view of the planned versus actual costs of projects as well as the planned versus actual revenue. This enables you to keep tight control of costs and revenue and ensure you deliver projects to budget.
Departments and organisations that charge for their services, either to external or internal clients, fundamentally need to have a clear understanding of the revenue that is generated from project work in order to accurately assess profitability.
Effective cost management is crucial to achieving business objectives and maximising profitability.
"Asta Teamplan allows us to look back on projects and review the exact expenditure that each one entailed." Canon Europe
Cost and Revenue Management with Asta Teamplan - Key Benefits
control project costs
You can allocate fixed costs and the costs of staff and materials to activities in order to calculate the overall project cost. This enables you to see immediately the cost implications of changing any aspect of the project.
monitor revenues accurately
For individuals whose time is billed to clients, you can set up charge-out rates and assign income to projects. You can then track project revenues against forecasts to show how the project is performing against the plan.
identify cost variances
With Asta Teamplan you can baseline your original plan and budget, then compare cost variances across project programmes to identify where extra costs are being incurred and where savings are being made.
Track expenses
People can record all expenses, both project-related and ad-hoc, with Asta Timesheet. Expenses can be linked to particular tasks in specific projects, making it quicker and easier to charge expenses to the relevant client or department.
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