Project financial control for Construction and Engineering
How well do companies manage project financial control today?
In an industry with low project margins, a high level of unpredictability, and fierce competition (both domestic and international), it does not take much to turn a profitable project into a loss-making project, putting the whole business at risk.
Explore the rest of the benefits as well as the four key pillars of effective project financial control in this executive summary.
In an industry with low project margins, a high level of unpredictability, and fierce competition (both domestic and international), it does not take much to turn a profitable project into a loss-making project, putting the whole business at risk.
That is why the need for excellent project financial control is no longer a ‘nice to have’, it is a must have.
IFS delivers integrated project financial control, key benefits of this include:
- Accurate Data & Timely Information
- Improved Cash Collection
- Accurate Earned Value
- Improved Project Predictability & Forecast Accuracy
- Accurate Costs & Accruals
- Improved Change Control
- Faster Period End Close
- Increased Labor Efficiency
- Reduced Dependency on Excel
Explore the rest of the benefits as well as the four key pillars of effective project financial control in this executive summary.
