• financial control
  • Financial functions are streamlined and automated

  • Key Functionality

    • Processing and approving invoices
    • Preparing request for funds
    • Processing request for payment
    • Processing payments in multiple currencies
    • Preparing period and project cash flow
    • Reconciling bank statements
    • Ensuring SOX compliance
    • Performing full project accounting


With OnTrack Project Manager, the majority of your accounting information is instantly available through entries made and verified at the procurement and receiving levels. Information is only keyed in once – eliminating delays and data-entry errors.

Testimonials

“On major capital projects, we use OnTrack Project Manager for all invoicing, invoice payment, and banking. The program provides complete records of all banking transactions, client fund requests - and facilitates reconciliation of all bank statements. It also provides an accurate and complete history of all financial transactions, which is fully traceable and auditable.”- Dave Schafer, P.Eng., Vice President, SNC-Titan Projects

Screenshots

  • Financial Dashboard

    financial dashboard image The financial dashboard shows you all planned and actual financial transactions.

  • Request for Payment Report Integrated with Accounting Package

    request for payment image With OnTrack Project Manager, you can issue a payment cheque directly, or generate a request for payment addressed to a third-party accounting package such as PeopleSoft, SAP, Oracle Financial, etc. The Request for Payment report contains all the information necessary to produce a cheque or distribute the amount directly into the third party’s accounting package coding system. A request for payment can also be made electronically.

  • Cash book Report

    cash book report image This report tracks cheques issued and cashed, deposits requested and received, and any interest or bank charges, making bank reconciliation simple.

Benefits

  • Automate project accounting functions
  • Administer a trust accounts for clients
  • Set business rules for payment
  • Prepare funding claims based on approved invoices
  • Use multiple bank accounts based on currencies
  • Scan and attach invoices in PDF format
  • Issue cheques or requests for payment
  • Manage all taxes
  • Ensure full documentation for audits, reconciliations and closeout reports
  • Reconcile all transactions with bank statements
  • Import incurred commitments and expenditures from 3rd parties

back to top BACK TO TOP

Learn more about improving project efficiency with OnTrack Project Manager: contact us.