Encompix: Progress Billing

Encompix: Progress Billing

(PRWEB) August 23, 2004 -- Progress Billing
Another key financial ingredient for To-Order manufacturers is the ability to invoice their customers based on contractual payment agreements or milestone completions. These payments help to offset the expenses associated with a long-term project, rather than waiting until the shipment is completed to generate an invoice.

Encompix supports flexible, user-defined progress billing and typically retains the accounting transaction in an unearned revenue account, waiting for either the revenue recognition transaction or for the shipment to occur.

Encompix has filled the manufacturing software requirements of Engineer-to-Order companies since 1992. The company name reflects our commitment to developing business application solutions that encompass the complex areas of project-based and job-based manufacturing. Encompix provides ETO manufacturers with a competitive advantage by improving bottom line results.

Encompix was recently profiled at the ETO Institute and according to Thomas R. Cutler, spokesperson for the ETO Institute, "There are numerous ERP systems that claim to serve the ETO environment, but in fact few really do so. Encompix is a leader in the ETO ERP market with 200+ installations across a wide variety of manufacturing sectors."