New Construction Project Management extension for Next® Invoices

For construction companies, and others running projects with strict cost control, Next® Invoices now offers an extension designed to handle the booking on projects, tasks, and sub-tasks.



Some of the features are:

  • Predefined two-phased approval process typically secures that a procurement specialist and a project responsible is involved. 
  • Automatic task assignments based on project roles and organizational hierarchy  
  • Self-learning task assignments for project sub-tasks, reduce the configuration efforts
  • Individual and role based approval limits, if you wish to add that on top of your budget control 
  • Individual charts of accounts per project, task, and sub-task, makes the allocation of invoices much easier 
  • Self-learning Smart suggestions makes it even faster
  • Partial payment handling - ad hoc or predefined - tightens control with this critical process
  • Dedicated processes for staff purchases, make sure that we don't tempt anyone unnecessarily 
  • Predefined BI reports to fulfill most of you information requirements
  • REST API that allow you to extract any data you might need


The CPM (Construction Project Management) extension comes with a set of predefined approval processes for invoices associated with projects, and a number of task Assignment policies, that allow you to tailor the approval processes to fit your business requirements.



Process for approval of project related invoices



<< Process for Approval of a project invoice >>


 

Project purchase invoices are processed by a procurement specialist and a project responsible


Complete data model - and live-integration with your CPM solution

The Construction Project Management extension comes with a complete data model, that controls both approvals and bookings. You have the option to maintain all this controlling information in Next® - or integrate with data directly from your CPM solution.


The CMP extension lets you define everything from organization to booking requirements. 



The CPM (Construction Project Management) extension comes with a brand new feature called self-learning Smart-delegations, that enables Next® to automatically - and without definitions - learns who approves what for the individual sub-tasks in a project.



If you don't define approvers on sub-task level, Next® Invoices simply learn by it self




Coding an invoice

Allocating the cost from an invoice to the right GL accounts is real easy.
You only see and choose from the accounts and dimensions that are relevant to this Project/Task/Sub task.  




Only the relevant accounts and dimensions are available


To make it even easier, Next® offers suggestions, based on your previous approvals.


 

 


<< Accounting >>

If one of the suggestions is right - and it often is - just select it 


Future enhancements

This is the initial release of the CPM extension, and in addition to the many new features coming to Next® Invoices in general, the extension is bound to gain many new enhancements.

For the techies

Data related to the extension is kept and maintained in Next®. Data services, and REST APIs are available to secure seamless integration with any CPM system. 


Commercial terms and conditions

This new feature is available as a separately priced extension to Next® Invoices.

Any consultancy assistance will be invoiced.

Disclaimer

Despite our best efforts, we may be forced to change both content and expected delivery of future product updates without notice.  


Details

Title:

New Construction Project Management extension for Next® Invoices

Type:

New feature

Status:

In development

Release time:

December 2021

Affected products:

Next® Invoices

Audience:

Next® architects
Next
® specialists
Next® users

Classification:

Public

Responsible product manager:

Jørn M Christensen

Updated:

28.11.2021

By:

Kim Hellum