Project Accounting Software for Digital Services Companies
Set yourself – and your projects – up for success from the beginning. Gain financial control and allow project owners, team managers, and finance to track real-time project performance.
Track the Financial Health of Projects and Teams with Confidence
Time and materials, fixed fee, or retainer, Parallax supports multiple billing models and tracks team performance and costs throughout a project to reduce surprises and overages. And it doesn’t force teams to learn a new time tracking tool. Parallax Project Accounting makes managing a team across several different projects easier by tracking hours and costs with consistency.
Accurate, Real-Time, and Actionable Project Financial Tracking
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DEMOCRATIZED PROJECT FINANCIALS
Powerful Reporting
Parallax combines project financials and resource management data in one place, and shows project actuals with planned hours to deliver forecasted revenue and costs for projects. For fixed bid and retainer projects, project owners can schedule when revenue will be earned, costs will be incurred, and margin realized.
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DYNAMIC CONTROL
Project Financial Settings
Project owners have more control and financial transparency with customizable billing models including variable rate cards, time and materials, fixed bid, or retainers.
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REAL-TIME REPORTING
Project P&L and Financial Charts
With real-time project P&L reporting, project managers can quickly see project performance compared to what was originally planned, helping to meet and maintain projected revenue targets. Parallax enables teams to proactively adjust resource plans to re-align with project goals and expectations before it’s too late.
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BALANCED PROJECT BUDGET TRACKING
Project Accounting
Project plans are usually the least accurate at the beginning of a project, and weekly adjustments can be time consuming and difficult. Without real-time visibility into project budgets, over-delivery or sacrificing sold revenue can have huge impacts on the bottom line. Parallax allows project owners to allocate sold hours and balance project financials as work progresses. Ensure teams are aligned on performance expectations and budgets, and avoid over-delivery or missed revenue.
Powerful Reporting
Parallax combines project financials and resource management data in one place, and shows project actuals with planned hours to deliver forecasted revenue and costs for projects. For fixed bid and retainer projects, project owners can schedule when revenue will be earned, costs will be incurred, and margin realized.
“As a company dedicated to delivering digital design, development, and consulting services, Parallax has elevated our ability to accurately and seamlessly manage project tracking and resource planning. Because the Parallax platform was built to serve the specific needs of our market and integrates with our existing business applications, we are able to deliver better experiences for our team and clients and focus on helping more businesses create successful, engaging products that people love.”
Take Your Tools to The Next Level
Curate a shared perspective with the tools you already use. Parallax delivers predictive resourcing and active forecasting without forcing delivery teams to change.
We’re Here for You, Project Finance Team!
Ah, project finance teams. They’re tasked to manage detailed business reporting across projects and teams, and need to keep track of costs, revenue, and overall business performance. But they constantly live in a world of static spreadsheets and reactive-only reporting. There’s a better way to track and report across the business.