Introduction
If you are looking for a management toolkit to manage an existing or upcoming project, Mavenlink may be a better solution. This project management software can make your project run smoothly and provide essential information on how the project is fearing. This enables the organizations/companies to develop a better understanding and make strategic moves on the projects.
Therefore, this article will provide comprehensive information on how could Mavenlink change the way you manage your business with salient details on the management tool.
Spending on such an incredible project management tool is a great move to service businesses by hosting financials, projects, collaboration, business intelligence, and resource management within a single environment.
How could Mavenlink change the way you manage your business?
MavenLick management tool has some essential features that can enable you to change the way you manage your business.
Resource management
Here is another excellent feature of the Mavenlink project management tool that can enable you to manage your resource’s needs right from the project planning to the project’s project. Under this feature, the device has some other sub-features like estimation that set the highest project levels.
It also has a planning stage that enables you to view all running projects and users’ resource pool. Besides, it helps users see the skill set of every employee. Therefore, it is to identify useful skills in a particular employee and merge the skills with available resources.
Furthermore, the execution stage can help you fix all changes in the project’s timeline by making necessary adjustments and focusing on the resource schedule. Doing so will efficiently resolve all differences in the timeline of the project.
On the other hand, the analyzing and optimizing stage can enable you to look at your project and identify trends and correctly predict resource needs. It makes the selling and hiring process much easier because you will determine what the project will require in the future.
Projects
Mavenlink training project management software can help your team to present their projects on budget and time. More so, the tool can also enable you to deliver services that satisfy your customers. It features Gantt charts that are responsible for showing different tasks done at a specific time. This feature can make your project time-oriented and visual.
The Gantt enables you to accomplish tasks on time as well as accomplishing them one at a time. Doing so allows you to create dependencies; you will not start another job until the current one is complete. This will lead to order creation to the progressions of your project.
Accounting
Mavenlink also has accounting tools that are more valuable in budgeting projects. This project management tool links your team’s expense and invoices to all tasks they perform in real-time. Under this category, you will find a Time & Expense that can enable you to develop time entries and expense reports across all the projects.
The expense report feature is incredible as it can enable you to see whether the company is utilizing your money or not. The report will tell you the actual expense, the period, expense status, and the time of your money’s utilization.
Mavenlink quickly and correctly connects everything for easy management. More so, this handy tool can spare you from developing a new expense report, check the existing expense reports, and decide whether to include them in your project or not.
On the other hand, the invoice can allow you to create invoices that have some links to your project’s tasks and milestones. Doing so may make the billing process much more comfortable.
When making an invoice, the software allows you to see the resources and time utilized to do a task. It can also enable you to estimate how much to charge customers at various stages in a project progress.
Business intelligence
This is the most powerful and valuable feature of the Mavenlink project management tool. You will find this feature in their highest two pricing plans; you can still make it useful in enterprise-sized businesses. This feature contains four critical areas, i.e., finances, performance, reports, and projects.
The finance area can allow you to inspect the tasks’ status of your project, understanding better profit margins, watching expenses, bills, invoices, and work-in-progress. On the other hand, the project’s feature is responsible for converting data to decisions.
Besides, the performance feature will change the way you manage your business by giving high-level performance indicators, i.e., planning and utilization performance, fees, time analysis, project details, and margins.
Pricing
Mavenlink project management tool caters to everybody, i.e., enterprise-sized and medium companies. Therefore, this is a software that cannot disappoint. On pricing features, there are plans such as professionals, teams, enterprise, and premier.
Teams plan the cheapest with the lowest features than the other three plans. It gives you access to task management and collaboration and features in project management.
Frequently asked questions
What does the executing stage involve in a Mavenlink software?
The execution stage can help you fix all changes in the project’s timeline by making necessary adjustments and focusing on the resource schedule. Doing so will efficiently resolve all differences in the timeline of the project.
What is the importance of Mavenlink software when making an invoice?
When making an invoice, the software allows you to see the resources and time utilized to do a task. Invoicing can give you an opportunity of creating invoices that have some links to the functions of your project and milestones. Doing so may make the billing process much more manageable.
Conclusion
Hopefully, the above article helps you change the way you manage your business. Mavenlink is the best management tool for projects to try to achieve significant benefits in your industry.
How could Mavenlink change the way you work your business depends on your perception of the device. This tool makes the company a piece of cake by linking data, thus making your business effective.
Many people give the MavinLink project management tool a try, and is useful to both enterprise-sized and medium companies.
