Total Management of All Reimbursable Types

A Fully Automated Billing and Refunds Engine With Flexibility for All Contracts and Projects and Complete Out-of-the-Box Integration.

The PowerPlan Reimbursables and Advances module automates the end-to-end workflow of advance contracts and refunds in addition to reimbursable projects and work orders. PowerPlan's advanced functionality handles the setup, tracking, calculation, review and reporting of refundable contracts to a third party (e.g. developer advances). PowerPlan Reimbursable processing includes the setup, tracking, calculation, billing and reporting of reimbursable projects or work orders (e.g. developers, DOT or damage claims). While each module can operate independently, they can also work together to handle the progression of reimbursables to refunds.

This module accommodates a single customer project or contract that contains multiple work orders, or a work order (or group of work orders) that applies to multiple customers. In addition, a project or contract can contain a virtually unlimited number of data attributes that dictate billing/refund processing. These attributes allow for a wide variety of project and contract types that have different rules for calculation, review, limits, frequency and deposits. The module also provides for the recovery of non-capitalized overheads and tax gross ups. Finally, these projects and contracts flow through to accounting at every step of the workflow. The configurable accounting features in the module allow for unique rules for each type of project and contract, and differentiate between each of the individual cost types they contain.

The Reimbursables and Advances module is tightly integrated with an accounts receivable subledger for billing of reimbursable projects and an accounts payable subledger for refunds on advance contracts. This integration exists for every step in the bill/refund workflow, from initial creation through ongoing monitoring (payments, aging) and final resolution.

To learn how the PowerPlan Reimbursables and Advances Solution can help reduce compliance risk, improve cash flow and provide effective operational cost management, contact us at +1 770.859.0402 or at info@powerplan.com.