Oil & Gas
Project Accounting: Stay On-Track, On-Time, and On-Budget
Painless projects, from start to finish.
Sage Intacct Projects keeps all your time, expense, and project data—financial and non-financial—tracked and visible in one place. Automate the processes you need: from tracking costs, time, and expenses to managing resources, billing, and revenue recognition. Build out reports that show operational and financial metrics in one place to keep individual projects on track and your overall business growing profitably.
Key Benefits of Sage Intacct for Oil & Gas Companies
Adopt a right-sized project solution
You require project solutions that match the way your organization works. Sage Intacct provides everything from project tracking to employee time tracking, with full-featured costing and resource management, to billing and revenue recognition solutions. Whether you just need to track expenses by projects, understand the costs around R&D projects that don’t get billed, or run billable services projects for clients, Sage Intacct has a right-sized solution for you.
Start projects the right way
Sage Intacct shows you the true costs of past projects, so you can make smarter project bids. It integrates with your CRM system, so you can see what’s coming in the pipeline, line up the right people and materials, and turn bids into projects without manual data re-entry.
Mind the delivery details
Keep projects on track and stakeholders happy. Establish the proper workflows for entering time and expenses and give team members online access to do so. Keep a close watch on actuals against estimates. Tag expenses, invoices, and even journal entries to related projects. And answer questions about things like resources or invoices—without delay.
Save time on bills and revenue recognition
Sage Intacct’s billing automation helps you improve accuracy by generating project invoices in the right format, using the right terms, and for the right amounts, supporting a variety of fixed price and T&M methods. Satisfy both customer expectations and accounting requirements by keeping revenue recognition separate from billing and automatically calculating and posting based on milestones, schedule, or percent complete.
Manage your resources
Find the right resource for the job, with the right skills and availability, to quickly plan and start your project. Easily identify who’s over scheduled and who’s on the bench to get accurate insight into resource utilization and efficiency.
Give better answers, get better ideas
Stay up to date on project performance by consulting a single source with role-specific reports and dashboards. Give clients and colleagues answers about current status, milestones, and invoicing, while providing management insights on revenues, costs, and utilization to improve profit margins.
Learn How Sage Intacct Changed Decision Making for Certus Energy Solutions
"We’re improving budgeting decisions by monitoring spending at a detailed level, and can even pull up future P&L views to analyze the potential impact of mergers or acquisitions we’re considering."
Why Sage Intacct?
If you're using an accounting system that forces you to struggle with manual processes—limiting your flexibility and draining your productivity—it might be time to switch.