According to Journyx management, with the release of version 8.7, Journyx ProjectXecute combines cross-project resource allocation and financial forecasting with a complete set of tools for maintaining compliance and audit trails for government contractors. The new features allow companies subject to the Defense Contractor Audit Agency (DCAA) to manage contracts from the planning and bidding stages to successful completion and post-mortem analysis.
According to CEO Curt Finch, Journyx has many years of experience providing government contractors with the tools needed to automate compliant time management processes using their Journyx Timesheet software. Many customers have used the time tracking, rule enforcement, and approval workflow information to pass DCAA audits.
Now that ProjectXecute 8.7 includes the complete DCAA tool set, government contractors can continue to maintain their compliant time process while gaining access to features for project resource planning, financial projections for contracts, and robust reporting on resource availability and project status/variance. ProjectXecute also includes a variety of standard integrations with popular accounting and payroll systems to ensure accounting processes comply.
Time Management for DCAA. The tools for designing a compliant process start at the beginning with the capture of time fromtime-tracking for employees, and move up the chain through approvals to payroll and billing. While government contractors aren’t really given a choice about whether or not to track their time, when the process is quick and hassle-free compliance is easier for everyone involved. ProjectXecute offers a wide variety of time entry screens that can be customized to fit each type of employee in an organization.
Personal project lists and memorized entries give employees short cuts for getting time entered in a snap. Their companies are also able to set up rules and selection filters that ensure time is entered correctly and accurately. Notations for corrections can be a requirementmight be required and are available for reporting and audit support. Workflow approval processes ensure that the appropriate managers review employee time and corrections. When all time has been reviewed and approved, integrations, such as the one for with popular software such as QuickBooks, provides an easy way to move the time data into systems for payroll and billing.
Project Resource Allocation and Financial Projections. Integrated with the time capture process Pare project tracking and resource allocation for project teams is integrated with the time capture process. When developing a work plan for a bid, contractors can review future availability of the necessary resources using bar graphs that allow them to quickly identify where there is excess capacity or where additional hiring might be necessary. They can also assign pay and billing rates to resources, which allows them to plan and adjust assignments to maximize profit potential.
The cost and revenue information is captured in highly configurable reports for both forecasting and comparing plans to actuals. Text and graphical report types can be run directly in the browser with options to filter or /group data, show charts, run reports in different formats, schedule recurring reports and copy//email reports for distribution. An Excel-based reporting engine that includes real-time access to the Journyx data provides even more customization options for charts, graphs and calculated fields based on pivot table reports.
Dashboards for Project/Resource Status and Analysis. Resource allocation views, combined with automatic warnings and alerts, allow project managers to keep the work on track. For example, a project manager may receive an alert of an estimate change from a team member indicating he needs more time to complete an assignment. The project manager can then use configurable dashboards to determine if adjustments are needed to meet deadlines for this assignment. She can use reports and the bar graph views mentioned above to find available and qualified resources to that will assist in completing the assignment on time. Availability views give a complete picture of the demands on resource time, including other assignments, administrative work, and scheduled leave and holiday time.
Project dashboards are also useful in determining why projects run late or go over the allotted budget. With variance tracking, project managers and executives can see how and why the actual work deviated from the original project plan and come up with improvements to the estimation process going forward.
Journyx ProjectXecute 8.7 proposes to be a very flexible program for managing resource availability and enforcing compliance for work performed on government contracts. Project teams subject to the DCAA can make good use of the resource allocation and project monitoring tools while automating the required time management process all in the same system. For more information, visit the Journyx website or take advantage of their free 30-day trial offer.
According to CEO Curt Finch, Journyx has many years of experience providing government contractors with the tools needed to automate compliant time management processes using their Journyx Timesheet software. Many customers have used the time tracking, rule enforcement, and approval workflow information to pass DCAA audits.
Now that ProjectXecute 8.7 includes the complete DCAA tool set, government contractors can continue to maintain their compliant time process while gaining access to features for project resource planning, financial projections for contracts, and robust reporting on resource availability and project status/variance. ProjectXecute also includes a variety of standard integrations with popular accounting and payroll systems to ensure accounting processes comply.
Time Management for DCAA. The tools for designing a compliant process start at the beginning with the capture of time fromtime-tracking for employees, and move up the chain through approvals to payroll and billing. While government contractors aren’t really given a choice about whether or not to track their time, when the process is quick and hassle-free compliance is easier for everyone involved. ProjectXecute offers a wide variety of time entry screens that can be customized to fit each type of employee in an organization.
Personal project lists and memorized entries give employees short cuts for getting time entered in a snap. Their companies are also able to set up rules and selection filters that ensure time is entered correctly and accurately. Notations for corrections can be a requirementmight be required and are available for reporting and audit support. Workflow approval processes ensure that the appropriate managers review employee time and corrections. When all time has been reviewed and approved, integrations, such as the one for with popular software such as QuickBooks, provides an easy way to move the time data into systems for payroll and billing.
Project Resource Allocation and Financial Projections. Integrated with the time capture process Pare project tracking and resource allocation for project teams is integrated with the time capture process. When developing a work plan for a bid, contractors can review future availability of the necessary resources using bar graphs that allow them to quickly identify where there is excess capacity or where additional hiring might be necessary. They can also assign pay and billing rates to resources, which allows them to plan and adjust assignments to maximize profit potential.
The cost and revenue information is captured in highly configurable reports for both forecasting and comparing plans to actuals. Text and graphical report types can be run directly in the browser with options to filter or /group data, show charts, run reports in different formats, schedule recurring reports and copy//email reports for distribution. An Excel-based reporting engine that includes real-time access to the Journyx data provides even more customization options for charts, graphs and calculated fields based on pivot table reports.
Dashboards for Project/Resource Status and Analysis. Resource allocation views, combined with automatic warnings and alerts, allow project managers to keep the work on track. For example, a project manager may receive an alert of an estimate change from a team member indicating he needs more time to complete an assignment. The project manager can then use configurable dashboards to determine if adjustments are needed to meet deadlines for this assignment. She can use reports and the bar graph views mentioned above to find available and qualified resources to that will assist in completing the assignment on time. Availability views give a complete picture of the demands on resource time, including other assignments, administrative work, and scheduled leave and holiday time.
Project dashboards are also useful in determining why projects run late or go over the allotted budget. With variance tracking, project managers and executives can see how and why the actual work deviated from the original project plan and come up with improvements to the estimation process going forward.
Journyx ProjectXecute 8.7 proposes to be a very flexible program for managing resource availability and enforcing compliance for work performed on government contracts. Project teams subject to the DCAA can make good use of the resource allocation and project monitoring tools while automating the required time management process all in the same system. For more information, visit the Journyx website or take advantage of their free 30-day trial offer.
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