This engagement-specific information flows directly into PeopleSoft Projects where it is used to determine projects costs and profitability. We use Projects extensively, says McCormack. We ll track all activities for a project so we can account for the true costs of projects much more effectively. And so we know exactly where we stand on each project because we can do a profit and loss statement by project. The nationwide scope of Crestone s practice makes tracking employee expenses, especially taxes, even more complicated.
Employees work in multiple states with multiple tax codes.
Given this added complexity, the possibility for errors is enormous. However, unlike Crestone s previous system, PeopleSoft effortlessly manages these complicated transactions. With PeopleSoft, it s much easier to report earnings and revenue by state, continues McCormack. That s a big thing for us. PeopleSoft also enables the decentralized Crestone employees to input their personal data and enroll for benefits via the Web.