Project Accounting and Project Management - EPC Firms Have the Best of Both Worlds with Penta
Whether engineering projects in the petrochemical, power, renewable energy, utility or transportation sector, EPC contractors trust their businesses to PENTA Software every day. PENTA is a fully integrated enterprise system which:
- Unifies management of engineering, procurement and construction operations
- Simplifies multi-location, multi-company and inter-company accounting
- Automates self-service entry and management approval of time and expenses
- Empowers decision-makers with daily management information in an analytical format and intuitive user interface
Integrated PENTA software applications for Engineering, Procurement and Construction (EPC) firms include:
eTimesheets and eExpense
PENTA eTimesheet and eExpense applications provide self-service time and expense entry & approval capability for professional staff and consultants who charge time to projects and/or overhead expense accounts. Targeted for users such as design, management, and administrative personnel, project managers, and consultants, features of eTimesheets and eExpense include:
- Self-service entry and edit of timesheets
- Rule-based routing for review and approval
- Browser-based deployment
- Complete integration with PENTA security, validations, pick lists, and PENTA Digital Dashboard alerts for exception reporting
Procurement
PENTA’s purchasing capabilities efficiently supports large engineering & construction entities with resources focused specifically on procurement activities, as well as engineering & construction entities where individuals fulfill several roles including the buyout of equipment and materials for jobs. Whether staff are authorized to enter into purchase agreements up to a limit, or required to issue and submit requisitions to a central purchasing group, PENTA purchase orders may be issued for many types of purchases:
- Jobs
- Work Orders
- Fixed Assets
- Inventory
- Overhead items
Project Management
Integrated with PENTA and Microsoft Outlook®, Project Managers use the PENTA Project Management Workbench to identify potential cost overruns in time to rectify, address and track issues in a timely fashion, quickly provide project cost status and forecasts to accounting, maintain history of project communications, and easily route, log, and store all communications and documents in a secure repository. The PENTA Project Management Workbench is easy to learn, easy to use, and lets PMs quickly move from activity to activity to effectively respond to the fast-changing demands of their jobs, including:
- RFIs
- Submittals
- Documents
- Issues
- Drawings
- Contacts
- Meeting Minutes
- Change Requests
- Daily Reports
Award-Winning Enterprise Software for Contractors
A Constructech Top Product Award Winner for Commercial Contractors for the second consecutive year, Penta drives performance gains further by taking a comprehensive view of our customers’ business processes. Penta customers improve performance with integrated construction and service management applications, consistent process execution and continual performance analysis.
Document Management and Workflow
Powered by market-leading Enterprise Content Management Technology, Penta customers can import documents into PENTA by scan or from disk, centrally store documents in a networked repository of electronic documents, link documents to PENTA records by importing a file, dragging and dropping an Outlook® item, or searching for a stored document, and generate documents based on data from within PENTA, including Jobs, Subcontracts, Change Requests, RFIs and Submittals.
Integrated Job Cost Analytics and Reporting
PENTA Business Analytics helps engineering contractors continually analyze performance against their key performance indicators. PENTA Business Analytics moves contractors beyond static reports to evaluate trends, share information and more effectively manage the performance of their organizations. Whether by Executive Dashboard or Business Analyst interface, general contracting managers can analyze past performance for planning, identify exceptions for action and trend current performance for forecasting based on hundreds of information types specific to Financial Statements, Job Cost and Projects.
PENTA Business Analytics interacts with Excel®, exports to Adobe PDF®, imports data from third party systems such as estimating software, and emails cubes for disconnected analytics work. Diverse contractors can easily define Financial Reporting structures and create consolidated Financial Reports.