Tenrox Project Management Software for Project Budgeting
The second project budget management software application on our list is Tenrox. The latest version of this project management software provides some noteworthy billing and budgeting features. There are options to customize project budget controls to the extent that the user can create detailed bills whether billing is to be done on an hourly or non-hourly basis. Setting up detailed project budgets, containing costs, expenses, charges, billable and non-billable fund allocation can all be easily done for particular tasks and assignments as well as the overall project.
The project budgeting software also has an alerts facility which notifies the project manger whenever the actual budget for a task deviates from the established budget.
Additional financial features which will help immensely with project budget management are the multiple service order management feature and pre-billing invoice approval facility. The service order management feature allows tracking and reporting of order billing, billable time, charges and expenses. The pre-billing feature allows the user to create tentative invoices which can be converted into actual invoices upon the client’s approval.
It does take a while for the project manager to get acquainted with the gamut of project budgeting features offered by Tenrox project management software application, but it is worth the effort as it allows for better control and monitoring of the project budget.
Cost factor: Approx $40 for unlimited users per month but one project only. For more offers visit their website.