Define reports with information for controlling and finance
A company’s Controlling and Finance department regularly needs a range of information about the financial aspects of ongoing projects.
The specific needs of finance departments can be addressed in FlexiProject through the ability to develop dedicated reports. Once created, the reports will always be available with up-to-date data and, if needed, can be exported to MS Excel.
Manage finances strategically using project portfolios
Achieving a company’s chosen strategic goals often requires the implementation of a group of projects.
In such cases, it becomes crucial not only to monitor the budget of individual projects but also the financial control of the entire portfolio. FlexiProject allows complete financial control over a portfolio of projects, presenting both the situation of the portfolio and detailed information on projects.
Create plans for project budgets and formally approve them
To accurately understand the financial situation of ongoing projects, make sure that each of them has a developed and approved plan.
FlexiProject allows you to create any structure of the project budget plan consisting of both revenues and costs. You can describe each cost item precisely. You can formally approve the project budget using a dedicated authorization path.
Manage spending on projects, forecast and monitor variances
Monitoring project costs is the responsibility of the project manager. FlexiProject offers the ability to record incurred costs manually and through integration with an accounting system.
It is an excellent practice to create cost forecasts until the end of the project systematically. With a project plan, recorded costs, and forecasts, you will always be up to date with deviations from the plan.
Manage costs in close alignment with the project schedule
The Finance Department needs to understand the project budget plan and the status of expenditures and also their distribution over time.
FlexiProject allows you to develop a time schedule for the project budget. Expense items can be dynamically linked to scheduled task dates. Moving the task date will automatically change the expense date. The project’s cash flow will always be up to date.
Contact us to learn more about FlexiProject details
If you want to explore the full capabilities that FlexiProject offers, feel free to talk to our specialists.
