Beginning with project, vendor and contract definition, through progress tracking and change order processing, and finally, vendor payment generation, Aempower Project delivers a comprehensive, scalable solution to your capital project requirements.

Features:

• Project Tracking
  • Tracks project activity at multiple levels -- FY or ITD, fund, budget account, object of expenditure/revenue source
  • Defines an individual project in terms of: duration, scope, goals, estimated costs, funding sources
  • Tracks progress by establishing financial milestones and recording actuals in relation to them
  • Records and tracks construction/development schedules against financial milestones
  • Includes project management extras such as: providing a project event log to record key events; capturing project manager narrative text
• Vendors
  • Maintains vendor data and offers an advanced vendor search tool
  • Provides support for vendor qualification process
• Contracts
  • Establishes new contracts and associates them with a specific project, vendor
  • Allows contracts to span multiple projects
  • Supports bonding/insurance requirements and wage certification maintenance
  • Supports change order processing to modify contract terms
• Payments
  • Generates payment by issuing payment voucher transactions
  • Supports retainage requirements by automatically withholding a portion of payment
• Revenues
  • Tracks project revenue
  • Generates cash receipt transactions to record revenues
• General
  • Journal voucher document records project accounting adjustments
  • Includes project, contract and vendor summary reports/inquireies with full history