Implementing Unanet as our one integrated financial system from project planning and financials through GL and balance sheet reconciliations has really improved our overall finance operations.
Dulles, Virginia (PRWEB) October 27, 2016
This latest adoption aligns with Phase One’s emphasis on using technology to improve enterprise performance across their organization. Phase One is a Gold level Salesforce.com partner and global provider of technology solutions that seeks to radically change the way IT is planned and deployed. As a leader in IT planning, Agile development, and Platform as a Service (PaaS) applications, Phase One is focused on implementing modern technologies that enable modern societies.
Paul Murray, CFO at Phase One commented that, “Implementing Unanet as our one integrated financial system from project planning and financials through GL and balance sheet reconciliations has really improved our overall finance operations.”
Unanet previously provided its Project Portfolio software to Phase One in 2015. In April of 2016, Unanet provided an extremely rapid, 30-day implementation of Unanet Financials, moving Phase One from a Microsoft based system to Unanet’s Project ERP solution in order to streamline internal processes.
Tangible benefits already realized include: decreasing Days Sales Outstanding by more than 20%; reducing invoicing from a 20-day cycle to one week; faster closing each month; visibility for end users of their vacation accruals and leave balances; insight into indirect rates and true project costs; better timesheet conformance, and achieving 20%+ growth without adding overhead staff. Phase One also successfully passed a DCAA Pre-Award Survey (SF-1408) by a third party audit firm during the implementation.
With a single system for managing projects, people and financials, Phase One’s project managers now have real-time visibility into the status of their projects as well as immediate insight into customer status and accounts receivable.
With Phase One in a period of rapid growth, Unanet was a key choice as their project ERP system to provide scalability, and a single source of transactions to manage the business. This frees up time to analyze key performance metrics, and focus on growing the business and strategic initiatives.
Unanet is a leading provider of Cloud and On-Premise software for project-based organizations. Unanet delivers Professional Services Automation software as well as a purpose-built Project ERP solution with skills management, resource planning, budgeting & forecasting, time & expense reporting, billing & revenue recognition, project management analytics and dashboards, and integrated financials with AR, AP, GL and cost pool calculations. Over 1,000 organizations trust Unanet to maximize staff utilization, reduce administrative costs by 90%, improve invoicing by 10X, and support forward decision-making for improved operations.