PMT
Request a demo
← Modules

Modules / Finance

Finance

Budget against commitment and spend, invoices matched to receipts, progress claims and retention.

Used by Finance manager, project accountant, project control, management

EPCIMA PMT Finance screen.
Finance · overview

What it does

Finance ties the project numbers to money: what was budgeted, what is committed on POs, what was invoiced and paid, and what the owner has been billed. We limit access to management and project control.

What the dashboard reads from it

  • Budget committed vs spent
  • Contract value vs earned value
  • Invoice ageing
  • Cash flow

How the work flows

1 flow · 6 steps · 1 gate

Budget to cash

Six numbers that are never interchangeable: estimated, budgeted, committed, received, invoiced, paid.

  1. Budget per departmentFinance, at setupconfigured
  2. CommittedFrom purchase ordersfeed
  3. ReceivedFrom receiptsfeed
  4. Vendor invoiceMatched to PO and receiptgate
  5. Owner claimProgress billing
  6. Cash flowSix months aheadautomatic

Gate: cannot pass until recordedPortal: the outside party does this stepAutomatic: the system does it

Screens

EPCIMA PMT Finance: Budget by department.
Budget by department
EPCIMA PMT Finance: Invoice register, both directions.
Invoice register, both directions

Screens from the working product. The project data is illustrative, and company and people names are replaced. Click a screen to enlarge.

What is inside

14 capabilities in 4 groups

Budget

  • Project budget per department: budget, committed, actual
  • Budget vs actual utilisation per department on the dashboardautomatic
  • % budget consumed vs % physical progressautomatic

Invoices

  • Vendor invoices and owner claims in one register, direction marked
  • Status per invoice: submitted, approved, partial, paid
  • Retention per invoice
  • Invoice ageing and overdue alertsautomatic
  • Three-way match: order, receipt, invoicegate

Cash and value

  • Contract value vs earned value, the owner's viewautomatic
  • Cash flow next six months, in and outautomatic
  • Payables and receivables overdue on the dashboard

Your accounting

  • Invoices and payments handed to your accounting by export, or API where your system has one
  • PMT never becomes a second ledger
  • Role-restricted: management and project control only

How it connects

RecordsStay in this module. Entered once, with an owner and a date.
DashboardsL1 to L3 read a snapshot of this module on a schedule and print where the number came from.
RolesOne identity across modules. Vendors and the client see only their own packages.
Source per projectManual register in PMT, or the module feed, chosen in Config per project.

All modules and portals

← QA/QCHSE →

See Finance on your project.

A short walkthrough on your own project structure. Send us your WBS and we load it in before the call.

Request a demo by email WhatsApp

We reply within one working day.