Knowledge Hub | ERP & Business Management Insights - Cost Control RSS Feed

Accurately tracking labor time is not just a method for managing direct and indirect costs—it also significantly enhances cash flow management. Link to Cash Flow: More Accurate Revenue: Tracking direct labor hours helps generate precise invoices, improving incoming cash flow. Better Expense Control: Monitoring indirect labor hours reduc..

In the world of engineering projects, cash flow management and cost control are among the most critical factors influencing a project's success and sustainability. Cash Flow Management: This process involves tracking and forecasting incoming and outgoing cash flows to ensure the availability of liquidity to meet financial obligations. An ERP acc..