Financial Management
Financial Managers have little time to spare and their tasks need to be completed accurately and quickly. Vision puts up-to-the-minute project, financial and business information at the manager's fingertips from anywhere, anytime, which leaves accounting more time to focus on other mission-critical tasks.
Vision empowers your managers to access important data:
- Web-based architecture
- User-specific or role-based dashboards
- Targeted, configurable reports with drilldown capabilities
- One database for all critical business processes
Managing financial performance by project is critical for professional services firms. Deltek Vision integrates project control with the general ledger so you can track profitability in real time and identify problems as they arise. Vision includes a complete set of business finance tools such as accounts payable and receivable, revenue recognition, overhead allocation, multi-company and multi-currency support and project and financial reporting. Deltek Vision Financial and Project Accounting is seamlessly integrated with all Vision modules, ensuring that costs are shared automatically while maintaining tight internal control and a comprehensive audit trail.
| Feature | Benefit |
| Flexible Work Breakdown Structure for Project-Based Firms | Simplifies the management of complex projects by allowing up to three levels of project structures with user-defined labels to meet individual needs. Levels can be defined at both the global and project level. |
| Improves Accounting Productivity | Intuitive data entry to facilitate accounting and financial transactions. Built in checks/balances validate and ensure appropriate account coding. Fully integrated with entire Vision product suite. |
| Comprehensive Audit Trail | End-to-end tracking from opportunity through project completion. Interactive general ledger reporting provides complete account balance drill-down to reveal underlying transaction detail. |
| Performance Tracking by Business | Provides the ability for users to maintain separate budgets, balance sheets, financial statements, and general ledger reports by any business unit to provide effective financial and resource performance tracking for all areas of the firm. |
| Scalable Technology | Supports hundreds of concurrent users while adaptable to meet the requirements and resources of smaller firms. Universal access and zero-client install ensure that any Web-based user has 'anytime, anywhere' system access. |
Learn more -> Financial Management Datasheet
Billing
The financial health of your firm relies on timely and accurate billing. Vision Billing supports complex and diverse billing requirements, including time and materials, fee-based and percent-complete billing. Designed for the unique billing requirements of project-based firms, it automatically captures every billable labor and expense transaction, applies rate tables and employee overrides, calculates fees, handles multiple currencies, generates draft and final invoices using the templates and formats of your choice, and manages write-offs and adjustments. Deltek Vision's Billing module automates the end-to-end billing process, improves efficiencies, and helps you maintain a positive cash flow.
| Feature | Benefit |
| Complex Billing Requirement Support | Automatically captures all billable labor and expense transactions, applies rate tables and employee overrides, calculates fees, and generates draft and financial invoices in a variety of templates to improve accuracy and streamline the billing process. |
Deltek Vision Payroll simplifies every aspect of the payroll process. It increases accuracy, provides flexible payroll processing, generates payroll runs automatically and provides a full range of detailed reports. Payroll is integrated with the other Vision modules, providing smooth and accurate information flows throughout the financial management system.
Support for direct deposit of payroll checks improves process efficiency for direct-deposit resources. The payroll and check processing in Deltek Vision offer the ability to export AP checks and payroll data for printing via a service bureau outside of Deltek Vision. The Payroll Data Export report enables firms to export payroll data into various data formats to verify accuracy and reduce paper waste before final transmission to third party check processing vendors.
| Feature | Benefit |
| Simplified Payroll | Automatically calculates earnings, company contributions, deductions and taxes. |
| Third Party Payroll Processing Support | Export Vision data directly to ADP® or Paychex® for processing. |
| Facilitates "Paperless Reporting" | Management controls designate employee access to each requisition stage during the purchase cycle. Predefined authorization levels and limits control who can create and approve requisitions and purchase orders, and to what dollar amount. |
| Fully Integrated | Shares information with other Deltek Vision modules, including: Financial and Project Accounting, Time and Expense, and Billing for seamless payroll management and reporting. |
Deltek Vision Purchasing manages your firm's entire requisition, purchasing and receiving cycle - no matter how simple or sophisticated - while maintaining full integration with Financial and Project Accounting and Resource and Project Management modules. It supports the creation and tracking of purchase orders for materials, supplies, capital items and services for both project-related and in-house needs. Ensure that all purchases are tracked accurately and efficiently with built-in workflow and approval features.
Vision Purchasing manages your firm's entire purchasing cycle - simple or sophisticated - while maintaining integration with Financial and Project Accounting and Resource and Project Management modules. It supports the creation and tracking of purchase orders for materials, supplies, capital items and services for both project-related and in-house needs. And by using Vision's built-in workflow and approval features, all purchases can be tracked accurately and efficiently.
For Vision clients that also sell product (e.g., hardware or software), Vision Purchasing includes a feature set for managing inventory. It will track inventory on hand by location, calculate average product cost and will automatically create a purchase order when quantities reach a specified level. When an inventory item is sold, it automates the assignment of units, client charge and cost to the project.
| Feature | Benefit |
| Single, Comprehensive Purchase Order Screen | Manages the complete purchasing cycle in a paperless environment with online, browser-based requisitions, RFQs, purchase orders and receiving. |
| Comprehensive Inventory | Track inventory on hand and cost by location and automatically assign cost to projects. |
| Built-In Workflow Alerts | Routes purchase orders through the appropriate approval channels to ensure a smooth purchasing process and improve efficiencies. |
| Secure Purchasing Environment | Management controls designate employee access to each requisition stage during the purchase cycle. Predefined authorization levels and limits control who can create and approve requisitions and purchase orders, and to what dollar amount. |
| Fully Integrated | Shares information with Deltek Vision Resource Planning and Project Management, and Financial and Project Accounting modules, including ledger, financial reporting, and project control to streamline operations and improve accounting, project, budgeting, and planning data accuracy. |
Learn more -> Purchasing Datasheet
