| Traditional WIP Calculation | Quantim Real-Time WIP |
|---|---|
| Monthly cycle WIP is calculated once a month by pulling data from multiple systems manually. |
Continuous calculation WIP updates automatically with every time entry, expense, fee and variation approval. |
| Stale data By the time WIP is reported, the operational position it reflects is weeks out of date. |
Live position Financial teams always see the current WIP position without waiting for a reporting cycle. |
| Manual reconciliation Finance teams spend significant time resolving discrepancies between source systems. |
Single source All WIP data originates from one system with no reconciliation required. |
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