The commercial management module captures detailed financial information against an order, group of orders or scheme, all the way down to individual transaction-level detail. It handles supplier applications, certifications, payments and cost value reconciliation, as well as client applications and billing. Everything is linked to financial compliance settings within the order management module, helping you meet your operational and regulatory requirements. F0CUS can work with your existing systems and processes, enabling you to upgrade your systems while keeping existing data sets, flows and sources intact.
The commercial management module captures detailed financial information against an order, group of orders or scheme.
F0CUS ringfences variations and sends them for approval before they’re added to the order value. The system integrates with the document management platform and requires evidence to support a variation. Keep track of all outstanding variations to create a definitive view of your work in progress and supplier liability.
With F0CUS, users can build an estimate of a work package before committing it to the system. The estimate can be built up from existing schedule-of-rate items and split into sections as required, then extra information can be added to each item as per the request. An estimate can also be moved through revisions, with only the final revision being committed to the order. Upload documentation for each change, and view previous revisions with ease.
The system uses data recorded in F0CUS to support a detailed certification process. Plus, two-stage authorisation and dynamic delegation of authority ensure every payment is fully approved before being marked as ‘paid’.
You can also manage applications for payment and billing to end clients. The platform supports multiple scenarios, from the client reviewing every order individually to marking orders as part of a monthly fee., giving you flexibility across a range of billing arrangements.
F0CUS’ cost tracking solutions allow you to apply both client and supplier rates to the same transaction, making it easy to manage back-to-back contracts. Comprehensive rate cards ensure the correct rate is always applied.
