Costing

In project-based contracting service providers, costing plays a critical role in estimating the total cost of a project. With Raptech’s costing module, you can efficiently manage your project costs by creating cost estimates against project BOQs with respect to material, labor, and expenses. The module allows you to categorize costs, track revisions, and manage approvals to ensure accurate costing for each project. This ultimately leads to improved cost management and increased profitability for your business.

Quotation

Once the cost estimate is finalized, the next step is to create a quotation for the project. Raptech’s quotation module enables you to convert your cost estimates into quotations that can be approved by your clients. The module allows you to manage quotation revisions, track their status, and maintain a record of all approved quotations. Additionally, the module supports customization options, allowing you to tailor your quotations to meet your clients’ specific requirements. By streamlining your quotation process, you can improve your sales efficiency and enhance customer satisfaction.

Order Management

In your project-based contracting service provider business, efficient order management is essential for ensuring timely delivery of products and services to clients. With Raptech’s order management module, you can streamline your order processing and efficiently manage your orders. The module allows you to create new orders and track the status of each order through various stages. You can also manage master orders, which can help you organize and manage your orders more efficiently. With Raptech’s order management module, you can optimize your order processing, reduce errors, and improve the overall efficiency of your business operations. The module enables you to generate reports, track orders, and monitor order status in real-time, providing you with the information needed to make informed business decisions. By streamlining the order management process, you can improve customer satisfaction and build long-term relationships with your clients.

Manage Projects & Sites

Raptech’s project and site management module provides project-based service providers with a comprehensive solution to create and manage site codes and define activities and tasks. The module enables you to track start and end times for each activity and task, ensuring timely completion of projects. Additionally, the module offers support for resource allocation and availability, enabling you to allocate resources to each project site and track their availability. This can help you optimize your resource utilization, reduce project costs, and improve overall project management efficiency.

With Raptech’s project and site management module, you can streamline your project planning and execution processes, ensuring timely project completion and improved customer satisfaction. By providing real-time visibility into project status and resource utilization, the module enables you to identify potential issues and take corrective action in a timely manner. This can help you achieve your project goals and objectives, enhance your reputation in the industry, and drive long-term success for your project-based service provider business.

Project Time & Activity Tracking

Raptech’s project task time and activity tracking module provides project-based contracting service providers with an efficient solution to track and manage their project tasks and labor time. With features such as labor time tracking against each project, businesses can ensure that they do not put in more labor hours than originally estimated. The module also allows businesses to track the progress of each activity from start to finish, helping them to stay on top of their project schedules and ensure timely project delivery. With real-time visibility into project progress and labor time, businesses can make informed decisions to optimize their project performance and improve efficiency. Ultimately, this leads to increased customer satisfaction and profitability for the business.

Purchase Management

Raptech’s purchase management module offers project-based contracting service providers a comprehensive solution to manage their purchasing activities. The module allows for the creation of purchase requisitions and provides a workflow for approvals. Once approved, the requisitions can be costed and purchase orders created only for materials that have been costed. This enables project-based contracting service providers to manage their purchasing activities by project, ensuring that costs are tracked and managed efficiently.

By using Raptech’s purchase management module, project-based contracting service providers can streamline their purchasing process and reduce the risk of errors or delays in purchasing materials. Additionally, the module provides real-time visibility into purchasing activities, allowing project-based contracting service providers to monitor costs and ensure that purchases are made only for materials that have been costed. Ultimately, this leads to improved efficiency, reduced costs, and increased profitability for project-based contracting service providers.

Inventory Management

Raptech’s inventory management module is a comprehensive solution for project-based contracting service providers to efficiently manage their inventory. The module offers various features such as GRN/SDN, enabling you to receive material and acknowledge against purchase orders. It also allows you to manage stock on hand, set minimum and maximum re-order levels, and create material requests and fulfillment. Additionally, the module enables you to track movable assets used in projects, ensuring they are returned on time and reducing the risk of lost or misplaced assets.

With Raptech’s inventory management module, you can gain real-time visibility into your inventory, ensuring that you always have the right materials and assets for your projects. This ultimately leads to improved project efficiency, reduced costs, and increased profitability for your business. By providing comprehensive inventory management options, Raptech enables project-based contracting service providers to optimize their operations and make data-driven decisions for long-term success.

Project Expense Management

Raptech’s project expenses module provides project-based contracting service providers with a comprehensive solution to manage their project expenses efficiently. The module enables project resources to submit advance and claims against projects, which can be verified against the costed and reimbursable expenses. This helps to ensure that all project expenses are accurately recorded and billed to the client.

With Raptech’s project expenses module, project-based contracting service providers can streamline their expense management process and improve their financial reporting. The module provides real-time visibility into project expenses, enabling businesses to monitor expenses, identify potential issues, and take corrective action. Additionally, the module offers support for expense approval workflows, enabling businesses to establish approval processes to ensure that expenses are properly reviewed and approved before payment. By streamlining the project expense management process, businesses can save time, reduce errors, and improve overall efficiency.

Accounts Receivable (AR) Automation

As a project-based contracting service provider, managing accounts receivable is essential for maintaining healthy cash flow. Raptech’s accounts receivable automation module provides businesses with a comprehensive solution to efficiently manage their receivables. The module enables you to automate the invoicing process against deliveries and orders and track both advance and outstanding receivables. With real-time visibility into receivables, you can monitor cash flow and take corrective action where needed. Additionally, the module offers support for approval workflows, enabling you to establish approval processes to ensure that invoices are properly reviewed and approved before being sent to customers.

Accounts Payable (AP) Automation

For project-based contracting service providers, managing accounts payable is crucial to maintain healthy vendor relationships and avoid late payments. Raptech’s accounts payable automation module provides businesses with a comprehensive solution to efficiently manage their payables. The module enables you to automate the purchase invoice matching process against POs and track both outstanding and advance payables. With real-time visibility into payables, you can monitor cash flow and take corrective action where needed. Additionally, the module offers support for approval workflows, enabling you to establish approval processes to ensure that purchase invoices are properly reviewed and approved before payment.

Manage Accounts

Raptech’s Accounts Management module provides project-based service providers with a comprehensive solution to efficiently manage their expenses, bills, reimbursements, journals, taxes, general ledger, and reconciliation processes. The module enables businesses to create and manage expenses, including taxable and non-taxable expenses, categorize expenses, and attach reference bills. Additionally, the module offers support for bill creation and management, enabling businesses to manage and track bills for their vendors and suppliers.

With Raptech’s Accounts Management module, project-based service providers can streamline their accounting processes and ensure accurate recording and reporting of all expenses and transactions. The module provides real-time visibility into financial data, enabling businesses to monitor expenses, identify potential issues, and take corrective action. Additionally, the module offers support for approval workflows, enabling businesses to establish approval processes to ensure that expenses and bills are properly reviewed and approved before payment. By streamlining the accounting processes, businesses can save time, reduce errors, and improve overall efficiency.

Reports & Analytics

Raptech’s reporting and analytics module provides project-based contract service providers with a comprehensive solution to generate real-time reports for all their business functions. The module offers various standard reports for sales, purchase, inventory, production, and accounting and finance. These reports are available in different formats like lists, dashboards, and pivots and can be easily exported to other formats like PDF, Excel, or CSV. Additionally, the module offers customization options, allowing service providers to tailor their reports to meet their specific requirements.

With Raptech’s reporting and analytics module, project-based contract service providers can gain real-time visibility into their operations, identify potential issues, and make informed decisions based on actionable insights. This ultimately leads to improved efficiency, reduced costs, and increased revenue for the business. By providing comprehensive reporting options, Raptech enables project-based contract service providers to optimize their business processes and make data-driven decisions for long-term success.