Who are Pryme Global?

Pryme Global is a software provider specialising in project and resource management solutions. They offer innovative solutions that integrate with Microsoft Dynamics 365 Business Central, based on their extensive inside knowledge and expertise with project-centric business processes, pains, and needs.

Pryme Advanced Projects

Synergy Technology can provide integration between Pryme Advanced Projects and and Microsoft Dynamics 365 Business Central

What is Pryme Advanced Projects?

Pryme Advanced Projects is an add-on made by Pryme Global which adds advanced project & resource management functionality and complete project accounting to Microsoft Dynamics 365 Business Central. It allows you to bring processes, people and data together in an all-in-one PSA & ERP solution, giving you full control over your projects, resources, and overall business.

Pryme Advanced Projects Features

Set Up Projects in Less Than a Minute

Setup a project in a few clicks using the step-by-step guide or even pre-defined templates. Advanced Projects preserves the quality of your data by making sure the necessary information is captured and entered in a consistent manner. Track and manage projects with ease, enabling Finance to focus on their core responsibilities.

Enable complete forecast reporting based on backlog orders and weighted pipeline, giving you full control over your project backlog and forecast. Rather than having to wait for the order to start a project, they can start at the quote stage.

Enable Accurate Forecasting with Detailed Budgets

The budget wizard in Pryme Projects allows you to copy, import and create detailed budgets and get unlimited budget versions to compare and evaluate the potential outcomes of different scenarios.

The solution’s comprehensive dashboard allows you to monitor project data and get notified when cost approaches budget commitment. This ensures cost control and allows you to take corrective actions if needed to stay within financial targets.

Get assistance in planning and scheduling with comprehensive Gantt chart, including deadlines and resource usage compared to budget. Be in control of labour, materials, equipment, any other expenses, and timing to make informed decisions about how to allocate resources and manage risks.

Increase Efficiency by Automating Purchase Order Generation

Generate purchase orders from directly from within the project, ensuring the quality and profitability of your projects. Track change orders and use internal approvals to ensure the subcontractor arrangements are managed efficiently and effectively. This allows you to keep control of your purchase & subcontract commitments and ensure compliance with subcontractor arrangements.

Optimise Utilisation with Resource Planning Tools

Create or modify work assignments easily or reallocate people to other projects using the drag-and-drop functionality within Pryme Projects’ resource planning platform. Either choose from a set of pre-defined resource boards or define your own depending on your needs. Gain insight into resource workload and availability to optimise utilisation.

Tight integration with Microsoft Outlook allows you to send work assignments to and employee’s Outlook calendar or let them create their own time entries in Outlook from work assignments. ​This in turn can be used as a baseline when importing into timesheets for simpler and more efficient completion.

Easily Capture Time & Expenses

Update timesheets either through Outlook calendar, or on-the-go with your smartphone, ensuring all time is captured and tasks don’t get missed or forgotten. Record and submit expenses on the go by taking a photo of the receipt.

Implement time & expense approval workflows prior to invoice posting to streamline your invoicing process. Approval workflows up to three levels such as Project Manager, Line Manager and Executive, ensures quality assurance and reduces inaccuracies, creating a smoother process. ​

Streamline Invoicing

Optimise your invoicing process, review what to invoice, make changes, or relocate entries as needed. Keep track of your milestones and payment plans and release for invoicing with the press of a button. Easily configure your invoice specification in order to meet your customers’ wishes and implement different invoicing methods without concerns of losing accuracy and consistency. Calculate Work in Progress (WIP) automatically and post it to the General Ledger (GL) for an accurate income statement and get a detailed WIP report for full audit trail.

Reliable Reporting & Dashboards

Built in analysis views and dashboards give you a clear view of project cost control, profitability, resource performance, or any other performance indicator for data-driven business insight. ​Pryme Advanced Projects comes with a wide range of out-of-the-box standard reports for Power BI.

Receive automatic notifications through email when cost is approaching your budget commitments.  Stay informed about the project’s financial status and take appropriate action to keep the project within budget.​

Pryme Tax Retention

Synergy Technology can provide integration between Pryme Tax Retention and and Microsoft Dynamics 365 Business Central

What is Pryme Tax Retention?

Pryme Tax Retention is a specialised extension developed for Microsoft Dynamics 365 Business Central, aimed at automating tax retention processes for businesses operating under specific tax deduction schemes. Designed for businesses obligated to withhold taxes from subcontractors under schemes like the UK’s Construction Industry Scheme (CIS), Ireland’s Relevant Contracts Tax (RCT), and Spain’s tax regulations, Pryme Tax Retention automates the calculation, retention, posting, and reporting of necessary tax amounts. This automation ensures precision and compliance, mitigating the complexities and potential errors associated with manual management of these deductions.

Pryme Tax Retention Features

Automated Tax Calculations

The extension computes the required tax deductions in accordance with the specific mandates of CIS, RCT, or Spanish tax laws, reducing manual errors and ensuring accurate withholding from subcontractor payments.

Subcontractor Verification

It assists in verifying subcontractor registration and compliance with relevant tax authorities, maintaining accurate records and preventing potential penalties linked to unverified subcontractors.

Flexible Posting Configurations

The tool provides adaptable posting setups to accommodate diverse business scenarios, enabling seamless integration of tax retention processes with existing accounting practices.

Comprehensive Audit Trails

Pryme Tax Retention offers detailed audit trails with specialised ledger entries for tax retention activities, ensuring all transactions are transparent and well-documented.

Automated Reporting

The extension simplifies the creation of mandatory reports, such as monthly returns, by automating the reporting process, ensuring timely and accurate compliance with reporting obligations.

Printed Statements

Users can generate printed statements that detail the withheld tax amounts, providing clear documentation for both the company and its subcontractors, fostering transparency in financial transactions.

Benefits for Microsoft Dynamics 365 Business Central Users

Integrating Pryme Tax Retention with Microsoft Dynamics 365 Business Central offers several advantages:

Seamless Integration

As a native extension, it integrates smoothly with existing financial and project management modules, allowing users to manage tax retention within the same platform used for other business operations, thereby enhancing efficiency.

Enhanced Compliance

By automating intricate tax calculations and reporting, the extension aids businesses in adhering to national tax regulations, reducing the risk of non-compliance penalties.

Time and Cost Efficiency

Automation of manual tasks associated with tax retention leads to significant time savings, enabling employees to focus on strategic activities and reducing costs related to error correction or fines.

Improved Accuracy

Automated processes diminish the likelihood of human errors in tax calculations and reporting, ensuring financial records are precise and dependable.

Scalability

Pryme Tax Retention is designed to scale with business growth, accommodating an increasing number of projects and subcontractors without compromising performance.

User-Friendly Interface

The extension features an intuitive interface consistent with the familiar environment of Business Central, reducing the learning curve and facilitating swift adoption by users.