Delivering successful projects requires having the best project management tools available. Luckily for Deltek Vantagepoint users, more features and improved functionality continue to be added in each new version release. And recently, Vantagepoint version 3.5 just rolled out and it includes some incredible enhancements. Here’s a look at what’s new in Vantagepoint.
A key feature required to effectively manage projects is having project performance information right at your fingertips. With the Deltek Vantagepoint dashboard enhancements, users can create informative charts, graphs, and lists to easily display your business data. This allows firm staff to quickly make critical business decisions that can positively impact project delivery performance.
In version 3.5, Deltek has taken the dashboards to a new level by allowing users to drill down to detail for hours, labor cost and labor billing on the project dashparts. Additionally, new options for planning data have been added, and the pipeline dashpart now includes the option to show total compensation. If you’re already using Vantagepoint 3.5, make sure to check out these improvements and start visualizing your data in ways you never imagined.
Improved Revenue Forecasting
Revenue forecasting accuracy is essential to delivering a profitable project and Vantagepoint users now have improved insights to ensure a successful project. Firstly, Deltek has now added more accurate and granular views of potential revenue from a project. Additionally, users can create revenue forecasts for individual projects. Deltek also is taking revenue forecasting to the next level by adding a feature that allows users to enter estimated to completion planned revenue at any level and easily update forecasts. With all this new functionality, users can now run reports to show pipeline and forecasted revenue periods.
Project Review Drill Down Capabilities
Project managers need to be empowered to better monitor project details. Now in Vantagepoint 3.5, project managers can easily review direct, indirect and reimbursable expenses as well as direct and reimbursable consultant fees. Additionally, all this information is available in a single location making it easier and faster to access.
Accounting and Billing Improvements
Cash flow is essential for any business to be successful and Deltek knows that their project-based clients rely on having easy and accurate billing to ensure they get paid by clients. For this reason, they have streamlined the billing and invoicing process in Vantagepoint 3.5. Now, the accounting department has better visibility of bill-through dates in interactive billing. Also, accounting and project managers have the option to resubmit draft invoices with new dates. Fast and accurate billing is important to any business and Vantagepoint is helping project-based firms streamline this process.
Employee expenses are a cost of doing business, but these shouldn’t be surprises. Deltek recognized that making expense submission easier can speed up the process. Now in Vantagepoint 3.5, the mobile expense feature has been greatly enhanced with the addition of an intelligent character recognition (ICR) technology. What this does is allow users to take a picture of a receipt which Vantagepoint can read. The printed and handwritten text information from the receipt auto populates into the fields in Vantagepoint. The typical information collected is where the expense occurred, the date and the total amount of the purchase. Therefore, eliminating the manual entry of this information.
Do More with Deltek Vantagepoint 3.5
Each version of Deltek Vantagepoint will continue to grow upon the previous iterations. While we are only at 3.5, be on the lookout for more enhancements as more versions come out. It is truly exciting to learn and see where Deltek is taking Vantagepoint in the future and how it will make successful project management more intuitive and intelligent.