Plan and monitor the financial situation on ongoing projects

FlexiProject is a tool that allows several configuration settings to customize the system to meet your company’s needs.

In terms of budget management, you can define the types of costs or where costs are generated. You can also set up a standard so that every vital project has a budget and that it is formally approved before the project begins.

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.

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.

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.

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.

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.