What will you build with Nextworld?

Enhance sales flexibility and customer satisfaction by automatically defining Bundles and Kits based on options, features, and quantities selected during sales order entry.

Quickly and accurately compare the revenue earned on a project, based on percentage of completion, to the revenue billed to date to help identify if a project is overbilled or underbilled.

Review and optimize job performance by tracking all of the financial data for a job in one centralized view, in either summarized or detailed views of the project.

Standardize pricing, increase profitability, and ensure that relevant markups are consistently applied across different services, products, or customers.

Efficiently and accurately track historical or processed transactions that were used by project billing to invoice customers, recognize revenue, and allocate costs.

Ensure that all billing information for a project is accurate, complete, and properly reviewed before the final invoice is sent to the customer, minimizing errors and enhancing control over the billing process.

Streamline the process of creating invoices and recognizing revenue for projects by automating these tasks in batches, ensuring accuracy, compliance, and efficiency in financial management.

Manage all aspects of billing related to a project in one central location, ensuring that invoices are generated on time, according to contract terms, and that revenue is recognized correctly.

The Project Billing set of applications empowers you to effortlessly manage the entire billing process—from contract creation and rate definition to markups and seamless invoice generation—ensuring accuracy and efficiency at every step.

Ensure compliance with Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) regulations by automatically and periodically adjusting each job's overall profit based on calculated percent of complete.

Automatically create and maintain an audit trail for job cost management, ensuring that project financials are correct and compliant.

Maintain financial accuracy, optimize profitability, and make data-driven decisions about cost management and project execution by ensuring that profits accurately reflect the actual work completed and costs incurred for each job, project, or percentage completed.