Capital Planners can quickly upload capital budgets for past years, and financial year-end feeds for budget versus actual spend analysis.
On-Ramp for Capital Projects and Invoices. As the Capital Planner, you know exactly what funding has been allocated to which approved capital project each and every fiscal year. For Capital Planners, the missing piece of the puzzle is how much is actually spent over the life of those projects. Getting invoicing paid numbers from your finance system is a real concern, especially in a “timely” manner.
The on-ramp provides you with the answers you need. This set of templates and connectors speeds integration of enterprise data, such as invoice data for both past and present projects. The on-ramp improves capital project planning by benchmarking current and future projects against the actual costs. Moreover, the on-ramp improves current project oversight by comparing rate of spend to rate of task and work package completion. For example, if you import monthly, you can get results like those below. The actual spend per month for this project lags the budgeted spend per month -- objective evidence that the project is behind schedule.
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