Every Construction or Engineering project, large or small, ultimately needs to be profitable. However, effective Project Financial Control requires much more than just an accounting system.
Faced with ensuring oversight of complex, multi-faceted projects, often with increasingly fragile profit margins, a Chief Financial Officer (CFO) needs robust information and visibility to manage risk and accurately plan and forecast project and company margins and cashflow.
The ability to accurately capture, understand and interrogate financial data across your projects is critical for profitability, cashflow planning, budgeting, and revenue forecasting. True financial business intelligence starts with a single source of truth across the enterprise.
This whitepaper explores the day-to-day challenges faced by CFOs in the industry, and illustrates how IFS Cloud ERP delivers truly integrated, single-sourced project financial control that goes beyond accounting and helps you manage the future, not the past.
Download your copy now to learn:
- How to improve the accuracy, transparency, and speed of project and financial reporting
- How minimize costs across: labor, subcontract, materials, plant/equipment/tools/machinery
- The best-in-class ERP financial capabilities your business landscape needs
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