Claritas Q3 Release adds one-click ETC Budgets, more Fully Burdened Labor Reports.

 

Monday, September 26 – With this weekend’s Q3 release, the Claritas Forecasts module now automatically updates project ETC Budgets. Additional security options are also available for the Fully Burdened Project Labor View.

As Claritas is a preconfigured, self-service reporting tool, all Claritas dashboards and project financial insights are available instantly from the FAR52.204-21, ITAR- and SOC2-compliant TBS Cloud, with no report writing and consulting required.

The Q3 update is available to all Claritas customers at no additional charge. It’s the 28th consecutive quarterly feature update for Claritas since its launch.

 

Integrated Project Budgeting and Forecasting

The new ETC feature adds to the steady growth of Claritas project budgeting and forecasting functionality, which has expanded over the last several quarters thanks to active customer input.

With Claritas, orgs build their Project forecasts “bottom up” at either the contract or task level. Claritas forecasts include monthly project employee and subcontractor hours by labor category and account, as well as monthly project ODCs, giving PMs a complete project forecast year by year, all on one screen.

 

          Post Claritas Forecast to ETC

 

In addition to supporting Microsoft Excel project budgets, Project Managers may also create and update their budgets from project resource forecasts built right within Claritas. They then instantly capture their current annual project forecast as new ETC or baseline budgets.

 

Fully Burdened Labor Reporting with No Consulting Investment

The Claritas Single Project View automatically calculates Fully Burdened Labor Costs by period and year, including real-time fully burdened hourly labor rates – the first such preconfigured report for Deltek and QuickBooks available without consulting.

 

          Claritas Fully Burdened Labor View

 

Like all Claritas reports, customized user security ensures that Project Managers see only their contracts and appropriate project details.

 

          Suppress Fully Burdened Labor

 

Claritas is securely accessible from any desktop or tablet device to organizations hosting their GCS Premier, Costpoint and Stratosphere QuickBooks systems in the FAR52.204-21, ITAR- and SOC2-compliant TBS Cloud. 
 

To learn more about Claritas for your project reporting, budgeting and forecasting or to schedule a Claritas Demo with your data contact TBS at Claritas@TBS-llc.com or 703.444.6562 x1.
 
 
Claritas is the flagship SaaS product from TBS, aggregating project performance details – including posted, unposted and unprocessed data from an organization’s hosted QuickBooks or Deltek system into a suite of interactive dashboards and performance modules for project managers, financial managers and business leaders. In addition to 85 other performance views, Claritas includes daily Project Summary reports, Labor Utilization analysis, and a live Statement of Indirects, as well as easy-to-use Project Budgeting and Forecasting.

 

 

Blog Category: 
Product News