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Leverage SmartBudget and Bill Plan Engine to Collaborate with Sales and Project Teams

Stay on top of costs, WIP, billing and manage accounting processes with ease.

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Polaris for Finance/Billing

The Polaris self-driving PSA platform serves as the single source of truth for all your organization’s project, resource and finance metrics helping your billing team with complete real-time visibility into all financial metrics like costs, billing, WIP, cashflows etc. and helping them streamline billing and revenue recognition

Advanced Analytics for Finance Executives

  • MissionControl gives real-time visibility into all your business metrics – profits, margins, revenues and more.
  • Tailored views cater to every role within your project-based organization including project managers, resource managers, finance teams, practice managers, client managers and more.
  • See the big picture using our dynamic summary charts and dashboards to take your services businesses to the next level.
  • Drill down to analyze the underlying project, resource, costs and billing data to make proactive decisions.
  • Configure and schedule reports to match your organization’s reporting needs.
  • Leverage advanced API for BI and prebuilt Tableau, PowerBI, Google BigQuery connectors to meet specific analytics needs.
analytics for finance executives
project finance modeling

Financial Modeling for Better Budgets and Bids

  • SmartBudget ensures your proposals and bids are right at the start to ensure every project meets all business metrics.
  • Factor in 100% of resource time and costs & overheads while creating rate cards to maximize margins and profitability.
  • Predict business metrics based on rates under consideration to make smart decisions about projects.
  • Leverage true utilization number against 100% of people time based on historical information, current and future availability.
  • Arrive at project margins and profits based on a 360° view of your business.

Comprehensive Project Accounting

  • Manage financial controls on all projects – budgets, estimates, costs, margins, WIP, billings, bookings etc. with ease.
  • Gain full visibility into project financial health in real-time.
  • Track project status in real-time with instant updates from your resources.
  • Understand projects and tasks that are ready to be billed for every client.
  • Improve visibility into cash flows and reduce billing lead times.
  • Manage billing issues upstream before they percolate downstream resulting in unhappy customers.
project finance accounting
finance revenue management

Revenue Plans and Rev Rec

  • Model complex revenue contracts with a flexible system.
  • Quickly reconcile revenue with contracts, WIP, and billing.
  • Leverage revenue recognition built as an extension of the billing and invoicing platform.
  • Get support for industry standard revenue recognition standards – ASC 606 and IFRS 15.
  • Generate accurate revenue forecasts and plan out your future.

Flexible Bill Plan and Rates

  • Utilize project-specific, user-level, role-based rates or create custom ones to generate billing and costing information.
  • Leverage our versatile bill plan modeling to accommodate various client/project billing needs – fixed-bid, time & materials, flat or any combination.
  • Leverage effectivity dates to manage rate structures and align them with ongoing cost and margin requirements.
  • Build rate cards with effectivity dates for each role to model long-running client engagements.
  • Model hourly, daily, or monthly rates to capture billing information at the required level of granularity.
finance project bill plan
finance business governance

Business Governance

  • Standardize projects, resources, billing, revenue and other processes across your services organization.
  • Define projects with configurable project stages to ensure business process adherence.
  • Manage full resource lifecycle from forecasting resource needs to managing allocations and utilization.
  • Model billing and revenue plans as per your business needs to enhance collaboration between project and finance/billing teams.
  • Oversee documentation requirements in projects, expenses, time off and timesheets to capture needed details as part of process.
  • Get everyone on the same page to ensure consistent execution and growth.

Managing Your Clients

  • Manage customers, vendors, fund sources, service partners or internal departments using the client entity.
  • Leverage actionable insights with a consolidated view of all client-specific projects and engagements.
  • Access real-time metrics like costs, billing, profitability, and more to better assess your client relationships.
  • Bring transparency into project delivery by providing visibility to clients into what work is being done through configurable reports and views.
  • Streamline costing, billing and consolidation processes w.r.t clients.
managing your clients
managing your practices

Managing Your Practices

  • Roll-up similar projects into programs/practice and manage a variety of professional services practices in your organization.
  • Set up key attributes for every practice including hours, costs, billing and more.
  • Centrally view and manage all projects associated with a practice in real-time and gain instant visibility.
  • Make proactive decisions and manage your service delivery in-the-now.
  • Gain full visibility into practice profitability and performance.

Collaborate with Your Project Leaders

  • Automatically pull and plan for projects from your CRM.
  • Truly manage your projects in real-time with live resource inputs around effort and completion estimates.
  • SmartBeats gets instant reports from project users about work done, remaining work, EAC and completion date.
  • Project managers can approve/edit user beats and give feedback to users on work done, remaining work and estimates to complete.
  • Project Pulse helps PMs evaluate for early warnings based on user beats, task beats to take necessary action to take control of project delivery.
project finance leaders
finance resource leaders

Collaborate with Your Resource Leaders

  • Determine current and future allocation levels with a global resources’ view.
  • Track skills, certificates and expertise levels for each resource as needed by your services firm.
  • Improve collaboration between project and resource managers with a comprehensive resource requisition workflow.
  • SmartMatch provides intelligent recommendations with ideal resources for the job based on all the requirements making the allocation process simple.
  • Generate resource forecast reports to gain visibility into future resource availability and requirements.

Capture Time and Expense for Resources

  • Capture client project time and expense data anytime, anywhere as per your needs.
  • Track billable and non-billable hours by project even when mobile.
  • Create and automate intelligent approval workflows with all the stakeholders.
  • Leverage real-time notifications on any device to ensure timely submission for processing.
  • Consolidate all the time and expense details to understand the true costs for making informed billing decisions.
capture time and expense
getting project financials right

Getting Your Project Financials Right

  • Leverage our versatile bill plan modeling to accommodate various client/project billing needs – fixed-bid, time & materials, flat or any combination.
  • Build rate cards with effectivity dates for each role to model client engagements.
  • Track financial health, understand WIP and improve visibility into cashflows.
  • Configurable invoicing engine with multiple templates takes care of all your client billing needs.
  • Leverage revenue recognition built as an extension of the billing and invoicing platform.

Seamless Integrations

  • Quickly and easily integrate Polaris with any CRM, ERP, PM, HRMS system that your company uses.
  • Share critical data with your ecosystem to enable project and resource planning, billing, and revenue recognition.
  • Easily implement, deploy, and upgrade with turnkey and seamless cloud-based integrations.
finance and billing integration

Learn more about our products that help you manage finance for your project-based organization.

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