Managing project finances is hugely important and effective management can make the different between project success and project failure – often with significant cost implications.
Project based reporting from financial management systems is often, time consuming, difficult and very frustrating. Hours spent manipulating spreadsheets when you could be concentrating on other aspects of your job.
Product Dossier’s project financial management software “TouchBase” has been developed to give you tight control over your project finances and takes away all of the hassle out with its flexible project financial reporting.
Budgeting
Setting budgets is very important and with TouchBase it is easy to both set them and track performance against them as projects progress. Different budget types can be set against a project and these can be tracked visually with graphs.
TouchBase rolls up budgets from individual projects providing you with not only project level budgeting, but program, department and even organisation level
Expenditure Profiling
If you need very accurate project financial control, TouchBase allows you to profile planned and actual expenditure against tasks. This means you can spread costs incurred across the duration of projects and tasks – you can do this evenly, front or back loaded or even a totally bespoke profile. As with budgets, “TouchBase” rolls up to expenditure profiles to project, program or portfolio level, graphically showing you combined planned weekly, monthly or annual spend.
Project Invoicing
TouchBase simplifies project invoicing. by allowing you to produce and consolidate project invoices based on your organisations requirements. This enable you to:
Calculate time spent on a task, project or program with the cost per hour of using that resource. Invoices will be generated against the task, project or programme. Improve the visibility and management of a cashflow. Automatically and easily generate invoices via TouchBase.
Managing Project Cashflow
Touchbase Project Cashflow Management functionality takes the guess work out of managing project cashflow by giving complete visibility of all outgoings for a project or a program of multiple projects. Get full control of your budget highlight expenditures that can be incurred for the remaining budgetary period.
