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Integrated project, procurement, and financial management system with full double-entry accounting and real-time payment tracking.
Ready Engineering required a robust system to manage two core aspects of their business: full project execution and provision-based operations through purchase orders (POs). Their previous workflow relied on manual tracking and spreadsheets, which limited visibility, accuracy, and financial control.
iSystems developed a fully integrated platform that unifies project management, procurement, and accounting into a single system—designed specifically to reflect Ready Engineering’s real operational structure.
Ready Engineering operates with two distinct business models:
Project-Based Operations: Managing projects from start to completion, including budgeting, expenses, and execution.
PO-Based Operations: Supplying materials and spare parts through purchase orders, requiring separate financial tracking.
The challenge was to build a system that:
Handles both workflows independently yet within one platform
Provides accurate financial tracking across all operations
Supports real-world accounting practices
Replaces fragmented Excel-based processes
iSystems designed and developed a customized system structured around Ready Engineering’s business logic.
The system is divided into two main operational sections:
Projects Module: Managing full lifecycle projects, including costs, payments, and financial performance
PO Module: Handling procurement-based transactions, supplier coordination, and delivery tracking
Both modules are fully integrated with a centralized accounting engine, ensuring all financial activities are recorded accurately and consistently.
At the core of the system is a complete double-entry accounting framework, providing:
Chart of accounts (assets, liabilities, revenue, expenses)
Accounts receivable and payable for both projects and POs
Journal entries and flexible fund transfers
Multi-currency support (IQD, USD, EUR)
Real-time financial visibility
This allows Ready Engineering to maintain full financial integrity across all operations.
One of the key features of the system is its ability to manage payments at the project or invoice level.
Payments can be received or paid per specific project or PO
Supports partial payments over time
Tracks remaining balances per project in real-time
Handles multiple active projects under the same client
This level of control provides unmatched clarity in financial tracking and cash flow management.
The system includes a comprehensive reporting module that delivers:
Profit & Loss reports
Balance sheets
Project-level profitability analysis
Account transaction history
Revenue and expense breakdowns
Additionally, a full activity log system tracks all user actions, ensuring transparency and accountability across the organization.
To support real-world business needs, the system also includes:
Configurable payment and delivery terms
Automated overdue payment alerts
Role-based user access and permissions
Treasury management with controlled visibility
Initial balance setup for smooth transition from legacy systems
Secure database backup and recovery
After multiple iterations, refinements, and testing phases, the final system fully aligned with Ready Engineering’s vision.
The company now operates with:
Centralized control over projects and procurement
Accurate, real-time financial tracking
Improved decision-making through detailed reporting
Reduced dependency on manual processes
The platform has become a core operational tool, enabling Ready Engineering to manage their business with confidence and precision.
"We approached iSystems with a complex vision for an integrated project and financial management system. Their team showed strong technical confidence and understood our requirements from the start. Despite evolving needs, they remained committed and solution-focused. The final system was delivered exactly as envisioned, a fully integrated and reliable enterprise solution."
