Budgeting

Metric AI’s Project Budgeting module provides a robust framework to help service companies efficiently plan, manage, and track project budgets. With flexible options and advanced features, the system is designed to handle the complexity of modern project financials.

Budget Types

Metric AI supports various budget types, allowing organizations to adapt to the financial structure of any project:

• Time & Material: Track budgets based on hourly rates and time entries, ideal for dynamic or evolving projects.
• Fixed Fee: Set a fixed budget for projects with defined scopes and deliverables.
• Retainer: Manage ongoing agreements with predefined budgets for specific time periods.
• Mixed: Combine multiple budget types within a single project to accommodate hybrid financial models.

These options provide the flexibility needed to meet diverse client and project requirements.

Multiple Budgets per Project

Projects often have multiple financial aspects to track. Metric AI allows users to define and manage multiple budgets within a single project. This ensures precise control over different phases, periods, or departments, enabling detailed financial oversight.

Nested Budgets

For large or complex projects, Metric AI supports nested budgets. This feature enables users to organize budgets hierarchically, breaking down overall budgets into manageable components while maintaining a clear view of the total financial picture.

Rate Cards

Metric AI simplifies pricing with customizable rate cards. Rate cards allow organizations to standardize and automate billing rates for different roles, tasks, or resources. This feature ensures consistency and reduces the risk of errors in budget calculations.

Overage Rates

Manage additional revenue with ease using overage rates. This feature enables users to define and apply specific rates for exceeding allocated budgets, ensuring clear communication and accountability with clients.

Discounts

Metric AI supports flexible discount configurations. Users can apply discounts to a project (as a fixed amount or percentage), making it easier to accommodate tailored pricing agreements.

Metric AI’s Project Budgeting module combines flexibility, precision, and ease of use to meet the diverse financial needs of service companies. Empower your team to manage project budgets with confidence and deliver successful outcomes every time.