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OpenAir, provider of a full professional services automation (PSA). (Procurement).


OpenAir, provider of a full professional services automation See PSA.  (PSA (Professional Services Automation) An information system designed to organize, track and manage all opportunities, work, resources, costs, revenues and invoices to improve the productivity and efficiency of the workforce. ) solution, has released Purchases, a new purchase order module that automatically handles businesses' purchase-related functions: requests, orders, fulfillment ful·fill also ful·fil  
tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils
1. To bring into actuality; effect: fulfilled their promises.

2.
 and re-billing processes. Purchases is completely integrated with the rest of the Open Air Complete PSA solution, providing a single system for project-based organizations to manage projects, resources, finances and knowledge.

Boston-based OpenAir has also introduced several enhancements to its OpenAir project accounting capability, such as advanced cost and revenue recognition functionality and fixed, project-based billing. Combined, the company says, these enhancements make OpenAir a powerful system for managing and analyzing all project-related finances and provide a significant advantage over competitive PSA solutions.

OpenAir says its customers can increase profits by capturing additional billable hours Billable Hours is a Canadian comedy series, which airs on Showcase.

Set in the fictional Toronto law firm of Fagen & Harrison, the series focuses on three young lawyers struggling to balance their expectations in life with the difficult realities of building a career
, increasing employee utilization, streamlining project management, accelerating revenue, enhancing collaboration, improving revenue recognition and project accounting, and sharing knowledge and best practices. It claims more than 600 customer companies on six continents Six Continents is a large retail PLC in UK which split into Six Continents Retail known as Mitchells and Butlers plc. The hotels and soft drinks business of Six Continents PLC is now known as InterContinental Hotels Group PLC. .

Web: www.openair.com.
COPYRIGHT 2002 Financial Executives International
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:new purchase order module Purchases
Publication:Financial Executive
Article Type:Brief Article
Geographic Code:1USA
Date:May 1, 2002
Words:158
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