For Information Technology Services Organizations, PowerBooks offers a range of customizable and powerful features that align well with their operational, financial, and compliance needs. Here are the specific and unique features that are particularly useful for IT services firms
PowerBooks = Enterprise Resource Planning - A Single Business Enterprise Solution
IT services firms often manage multiple client projects simultaneously.Cost Centers and Cost Categories allow tracking of income and expenses per project, department, or client. PowerBooks enables profitability analysis per project or client, aiding in better resource allocation and pricing strategies.
Information Technology Services organizations bill clients based on hours worked or milestones.
PowerBooks provides customizable service invoices with support for time logs, hourly rates, and milestone-based accurate and transparent billing, reducing disputes and improving cash flow.
Managing Annual Maintenance Contracts (AMCs), SaaS subscriptions, or retainer models.
PowerBooks features Recurring journal entries, reminders, and scheduled billing and automates revenue recognition and ensures timely invoicing.
IT firms are having distributed teams and remote operations.
PowerBooks provides Access from anywhere, any device
Managing salaries, leaves, and statutory compliance for tech teams.
PowerBooks Payroll provide employee categorization, salary structures, PF, ESI, TDS, and payslip generation and simplifies HR operations and ensures compliance with Indian labor laws.
PowerBooks helps managing complex tax structures for services rendered across states, automates GST and TDS calculation and helps in return filing, and e-invoicing. This reduces manual errors and ensures timely tax compliance.
PowerBooks provides Real-time insights into project profitability, receivables, and team utilization. Provides Customizable dashboards and Management Information System (MIS) reports for Informed decision-making and better financial control.
PowerBooks helps Maintaining contracts, invoices, and audit logs, further Document attachment, version control, and user-wise audit trails. This, enhances transparency and simplifies audits.
PowerBooks provides Service Management to Track service tickets, SLAs, and client interactions, AMC & Subscription Management, to Automate renewals and reminders and Project Profitability Analysis to Drill-down reports on revenue vs. cost per project.
PowerBooks supports API integrations and is also available with Microsoft Business 365 as PowerOffice, on Google as PowerSpace and on Salesforce as PowerClouds. This Streamlines operations and reduces data duplication.