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appficiency Material Job Costing

Status: Unverified

appficiency’s Material Job Costing (MJC) solution brings together the entire NetSuite platform and allows for the integration of some of the more industry-specific applications like payroll and fieldwork. Our MJC product can track profitability by period, across projects, and rollup projects by customers, regions, and types of projects. It can be integrated with the resource management product of your choice, or the native features can be effective for certain projects. You can also customize revenue recognition based on the “earned” value defined by the customer.

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Description

Fully Manage Material Costs

Material costs now can be collected on projects over time:

  • Can track manufacturing WIP
  • Can track Inventory purchased for project
  • Includes periodic budgeting and tracking against actuals
  • Includes project hierarchy roll up
  • Includes ability to take ‘snapshots’ by freezing updates
  • Ties out to the penny against the General Ledger
  • Can be individually modified and enhanced for each customer for additional cost
  • Includes support for unique/ exotic cost models

Key Benefits

Are you having difficulty fully understanding your project costs? Do you have to manage separate spreadsheets to capture all WIP materials for projects with long timelines? Is it difficult to put together a single report to view manufacturing & inventory related costs? If you said yes to any of these questions, then our Material Job
Costing Product will solve your problem.

Consulting and services firms:

Services or creative firms that have ‘loose’ project task structure
Services or creative firms that have materials that are part of cost or revenue or both

FEATURES

Manufacturer Benefits

Job-shop type manufacturers where every project is longer in term and has inventory or work order type
component costs blended with labor
Large jobs that need budgeting and tailored reporting

Finance and Reporting:

Data is updated daily, and can be ad-hoc realtime per project hierarchy with a single push of a button
Tie out to financials without any additional effort

Platform to grow on:

Connect and customize the product as much as you like while keeping the core costing metrics intact
Leverage the metrics provided by Appf MJC and build other models that span projects and system transactions