Products Used:
Company Overview
Thornton Tomasetti is an employee-owned organization of engineers, scientists, architects and other professionals collaborating from offices worldwide. Since their founding in 1949, their innovations have shaped the building industry. Part of their innovation includes how they work with clients in all aspects of their business.
Challenges
In 2014, the firm set on a path to increase forecasting insight and speed their invoicing process via improved centralization and increased control. Ben Barnett, Financial Systems Supervisor for Thornton Tomasetti, knew a quicker and more streamlined invoice process for the firm. "If you are emailing invoices and hoping to get feedback one way or another, an improved process is needed,” commented Barnett. “We knew we needed to centralize the process and provide an improved method to manage invoicing.”
Why EleVia Software
Streamline the Invoicing Process
In 2014, Thornton Tomasetti selected EleVia’s Electronic Invoicing to deliver a quicker, centralized, streamlined invoicing system for the company. With integration to Deltek Vision, Electronic Invoicing provides seamless access to the data that drives their invoicing system.
Improved Forecasting
The company rolled out ForecastEdge to improve billing forecasting. And different groups now benefit in different ways – from planning revenue and expected invoicing, to seeing project financials to tracking projects. Planning has also improved from the increased project insight from the bottom up, plus seeing client financial trends. "We needed an improved method of forecasting and selected ForecastEdge from EleVia to help us strengthen that process. We needed to centralize and standardize the information from our many spreadsheets to provide better insight to the project financials. The biggest benefit ForecastEdge provides us is quick insight to project reporting. We no longer have to spend a lot of time to sift through reports to gain quick access to project financials."