PROJECT FINANCIALS
Boost Revenue and Profitability with AI-Enabled Precision
Enable delivery managers and their teams with the tools to keep projects financially sound, ensuring targeted revenues and profits are met efficiently.
Enhance Billing and Financial Accuracy
Track Planned vs. Actual Financials
Accurately track planned and actual financials on a monthly and year-to-date basis. Detailed analyses help identify discrepancies, enabling timely corrective actions.
Supports multiple contract types
Supports various contract types including T&M, Fixed Price, Outcome-Based, and Fixed Monthly Billing (FMB). This versatility ensures comprehensive tracking of project financials, revenue recognition, and billing processes.
Digitize and Track Customer PO/SOW
Transform and track Statements of Work (SOWs) with AI-enabled capabilities. Track current and expired purchase orders, PO amendments, upcoming renewals, and manage billed/pending amounts to prevent revenue leakage and minimize risks.
Efficient Billing Milestone Tracking
Configure and manage billing milestones with timely alerts, ensuring prompt billing, reducing DSO, and improving cash flow.
Streamline Monthly Book Closures
Automate revenue recognition for various contract types, reducing manual reliance on spreadsheets and mitigating compliance risks. This enhances both financial accuracy and efficiency during monthly book closures.
Automate Invoicing to Reduce DSO
Automate billing requests from timesheet transactions and linked SOWs. Approved requests generate invoices or integrate with ERP systems, supporting the full billing process from generation to receivables tracking.
Project Financials Your Value Creation
2-5%
Revenue Improvement
2-4%
Margin improvement
10-20 Days
Days DSO Reduction
10-25%
Reduced Revenue at Risk
Customer Success Stories
Customer Testimonials
SunSure has benefited greatly in tracking sales data, project procurement planning, budgeting, and cost control. ERP has increased visibility across all the departments in the Organization. This particularly helped us in managing work during COVID times
Manish Mehta | Sunsure
With Kytes PSA, integrated with our Oracle ERP system, we have been successful in creating an end-to-end solution covering the entire lifecycle of proposal development to project planning & execution to project closure.
Ajay Prabhu | President – Technology Services
We are using kytes for managing the Project Financials from contracting to closure. The team of kytes brought significant industry expertise best practices. With kytes we are able to eliminate excel sheets totally and manage all project financials which result in accuracy, efficiency, and institutionalized business controls.
Venkitesh S | GM – Finance & Accounts
The application has helped us in eliminating significant manual efforts in timesheet compliances & employee leave management thereby improving the employee experience within the organization. The implementation and support were well-planned and delivered.
Rohit Gambhir | Global Finance Director
Kytes has streamlined project management at Egnyte with accurate time tracking, cost breakdowns, and reliable forecasting. It has enhanced resource management, milestone tracking, and proposal generation, making our operations more efficient and seamless. Truly a game-changer for our team!
Rachita Sehgal | Senior Operations Analyst
Kytes Resources
Project Financials FAQs
How does Kytes help manage project financials?
Kytes PSA enables project teams to track both planned and actual financials regularly, providing detailed analyses to identify problems and take timely corrective actions. This helps in keeping each project financially healthy and achieving target revenues and profitability.
What support does Kytes offer for different contract types?
Kytes PSA supports various industry-standard contract types including Time & Materials (T&M), fixed price, outcome-based, and Fixed Monthly Billing (FMB). This flexibility facilitates seamless tracking of project financials, revenue recognition, and billing processes.
How does Kytes handle digitization and tracking of customer POs/SOWs?
Kytes PSA uses LLM-driven AI to digitize all Statements of Work (SOWs), tracking open and expired purchase orders, PO amendments, and upcoming renewals. This system helps eliminate revenue leakages and minimize unbilled amounts, ensuring comprehensive SOW tracking.
What functionalities does Kytes provide for billing and invoicing?
Kytes PSA automates the invoicing process by generating billing requests at predefined cycles or upon milestone completion. The system automatically generates invoice content from timesheet transactions and associated SOWs, facilitating reduced Days Sales Outstanding (DSO) and improved cash flow.
How does Kytes streamline the monthly book closure process?
Kytes PSA offers a comprehensive revenue recognition framework embedded with industry best practices, which simplifies the monthly book closure process. By automating revenue recognition, Kytes ensures accurate financial reporting and compliance, enhancing the financial management of projects.
