Journyx Accelerates Project Accounting with Launch of Projectlink for Microsoft Project®
Journyx now allows users of Microsoft Project to sync project time data to an accounting or Enterprise Resource Planning system for better project accounting.
AUSTIN, TEXAS - Journyx today proudly announces the release of Projectlink 11, a tool that allows users to sync time data between both Microsoft Project® and their accounting or Enterprise Resource Planning (ERP) system for easier, more efficient project accounting and budgeting.
Automating Project Accounting Processes
The Journyx Projectlink tool, first introduced in 2002, integrates Journyx with Microsoft Project® so users can track project actuals in one place, as well as manage project assignments and allocations. Previously, projects would exist in two different systems - ProjectTM for scheduling and management, and the ERP platform for accounting. The project data could not be synced between ProjectTM and the ERP system, or vice versa - inevitably causing users to enter data into both systems, or requiring someone to manually transfer data from one system to the other.
Projectlink 11 eliminates this problem by standing between the ERP platform and ProjectTM and providing one place to track project time, which is automatically synced to both places and rolls up into the right projects.
According to Meredith Zachritz, Director of Product Management at Journyx, the evolution of project accounting needs spurred the development of Projectlink 11.
"As project accounting has matured and increased automation through software has become possible, companies are looking for ways to coordinate the financial side of project accounting with the more detailed planning and tracking required for project management," said Zachritz. "It's not an easy problem to solve if you want to allow each group the ability to handle data in their own way.
"We created Projectlink 11 to automate the process of linking detailed projects plans to high level financials for project accounting," she continues. "Now both project managers and accounting get the level of data they need to manage projects and make future decisions."
Empowering Employees with Smarter Project Time Tracking
As the first web-based time tracking solution introduced in 1996, Journyx was created to solve a problem CEO Curt Finch experienced first-hand as a project manager. The company and solution have always been rooted in project time tracking, and continues to build tools that allow project managers to focus on delivering projects, on-time and on-budget.
"We know how difficult it is to get employees to track time, and even more so if they don't understand its importance," said Finch. "Journyx has always been about creating solutions to not only increase profitability, but to also help make tracking time as easy as possible for everyone involved, at all levels and roles.
"We have a vision for the Journyx product in 2018 to make tracking time ‘smarter', by adding AI and machine learning capabilities - which will empower employees even more."
About Journyx, Inc.Founded in 1996, Journyx offers customers two solutions to reach the highest levels of profitability: Journyx - project, time and expense tracking software - and Journyx PX - resource management software that provides work and financial forecasting for a complete picture of project and budget status, employee time and availability. Journyx has thousands of customers worldwide, including Crate&Barrel, Schlumberger, BP, Big Brothers Big Sisters, Callaway Golf, Honeywell and many others. For more information, visit www.journyx.com.