Auto Actualize

Jaket's introduction of the auto actualizing feature represents a significant innovation in bid management and project accounting. This intelligent feature is designed to enhance efficiency by automating the actualization process of bids. Here's how it can streamline your operations:

Auto Actualizing Functionality:

1. Automatic Cost Allocation Creation:

   • For each Line Item marked to Auto Actualize, Jaket takes the initiative to automatically generate a Cost Allocation as soon as the Bid is awarded. This preemptive action removes the need for manual entry of expected costs.

2. Time-Saving Mechanism:

   • By automating cost entries for predictable expenses, Jaket significantly reduces the administrative time usually required in the actualization phase of project management.

3. Ideal Use Cases:

   • The Auto Actualize feature is particularly beneficial for recurring and predictable costs such as:

     • Hard drives and other forms of media storage

     • Posting fees

     • Expendables

     • Other consistent project expenses

Auto Actualize will create the Cost Allocation once the Bid is set to Awarded.

Implementing Auto Actualizing:

• Setting Up:

  • When creating or editing Line Items, simply toggle on the Auto Actualize feature for those specific items that will incur guaranteed costs.

• Operational Impact:

  • As costs become actualized, Jaket's financial management system seamlessly integrates these figures, adjusting the project's financial outlook accordingly.

Jaket's Auto Actualizing feature embodies the platform's commitment to innovation, offering users a proactive tool to manage project finances more effectively and with greater accuracy. By leveraging this feature, you can ensure that your bids reflect the true scope of project expenses, allowing for more strategic financial planning and execution.