Automate your Timesheet and Expense Billing with Atlantic Global’s Advanced Contract Management & Billing Solution
Atlantic Global’s new contract management and billing functionality provides major advantages over traditional time billing solutions which in most cases can only cater for time and materials based billing. With Atlantic Global Solutions advanced contract management, businesses can now seamlessly automate the time and expense billing through the implementation of:
Fixed Price Billing
For fixed price projects, the price agreed for the work and the billing schedule can easily be entered as a series of contract lines. Contract lines can be entered to cater for an overall fixed price for the project. Billing frequencies can also be specified to create daily, weekly and monthly fixed price invoices.
Milestone Billing
For many companies the ability to align payments with the delivery of specific milestones or projects deliverables is becoming more important. The Advanced contract management functionality allows contract lines to be aligned with system deliverables, ensuring invoices are generated and achievement targets are met. Linking contract lines to deliverables ensures there is an extra level of accountability in your billing process.
Time & Materials Billing
The solution includes all the essential components required to fully automate time and expenses billing, these include the ability to specify chargeable and non-chargeable work, automated charge rate calculation and comprehensive project and line management approval processes. The solutions includes many new features including Professional Days, which enable the definition of the number of hours that equate to billable days.
Capped Billing
The Atlantic Global Solution provides the ability to set up contract lines that enforce caps on timesheets, expenses or the total billable amount. Any time and expenses exceeding the cap can be either be deferred until the next period or written off if required.
Repeat Billing
Billing schedules and frequencies can be specified and automatically set up in the solution to cater for clients who have monthly service charges, or any recurring charges such as subscriptions and license fees.
Advance Billing
Contract lines can be quickly and easily created to manage and track all of your advanced billing requirements.
The Atlantic Global Solution is fully multi-currency enabled, allowing you to specify the billing currency of each contract. Moreover, the solution also provides the ability to integrate with leading accounting and finance packages via web services API.
To see the benefits of the Atlantic Global Solution for yourself, simply click on the link below and register your details to receive your login and password to access our live demo area : http://www.atlantic-ec.com/register_for_demo
Let us know your thoughts on our new Advanced Contract Management and Billing Functionality by leaving a comment.
