MYRA

RUNNING ACCOUNT MANAGEMENT

HOW IT WORKS

MASTERS

for company code, customers, material, tax, WBS integrated with SAP, and with provision for additional local masters for advance types, penalty, bonus

 

 

RUNNING ACCOUNT BILLING

generate & approve RA Bills for progressive completion of work

WORK ORDER MANAGEMENT

create, amend, and approve work-orders and issue to contractors for execution of work

 

 

PAYMENTS

track different types of payments – advances, RA Bill amounts, Retention amounts

MEASUREMENT BOOK

enter the progress of work on daily/weekly/monthly basis

ANALYZE

review insights and metrics for different parts of the process

PROCESS FLOW DIAGRAM

BENEFITS

  • Eliminate Manual Work: Digitally manage contractor work orders, measurement books and running account invoices and payments
  • Better Cash & Tax Management: Pay for work done through Part Rate payment. Save time and minimize duplication and error through proper compliance and settlement of Retention, TDS and GST amounts
  • Handle Material Rate Fluctuation: Save money and avoid high risks to the contractors by mitigating the material rate fluctuation.
  • Improved Vendor Relationships: Improve relation with sub-contractors through proper accounting & accurate and timely settlements
  • Better Insights: Get a variety of insights and metrics through integrated reports and dashboards