Large aerospace and defense programs have unique financial management needs due to their sheer size, regulatory oversight requirements, and overall complexity.
Major cost overruns can happen quickly on large programs as schedules extend or scope is added. Contractors need to manage closely to the contract terms to achieve profitability goals and properly address funding requirements and allocations.
EcoSys EPC (Enterprise Planning & Controls) provides a powerful, easy to use, online web platform designed to meet these critical needs:
Integrating budget, cost, and schedule
Many firms have different systems and departments to monitor budget vs. actuals and program schedules. EPC integrates these multiple sources of information to provide a unified budget performance and schedule performance view from the organizational level down to individual work packages. Learn moreProposal management
With an ability to build up bottom up cost projections at the lowest managed level, manage budget requests, and align with top down targets and approved funds, EPC can automate and significantly accelerate the building of financial proposals either for initial bid or ongoing long term programs.Funding, allocations, and hierarchical distributions
Approved funds can be distributed and allocated throughout the performing organizational structure. Projects and work packages can be funded from multiple areas of the organizations. EPC can be precisely tailored to execute specific organizational and program funding processes. Learn morePowerful performance reporting and consolidation
EcoSys EPC allows the consolidation and comparison of information reflecting different perspectives: cash views, accrual, depreciation, P&L, Earned Value Management (EVM), etc. By placing these financial views in context of the program and work package elements, performance measurement and analysis capabilities are virtually unlimited. All views are available online with standard web browsers and are very easy to navigate. Learn moreBreak down program silos with enterprise wide reporting and best practices
EcoSys EPC provides tremendous improvements for financial management of individual programs. But your organization will realize the largest gains by utilizing EPC's secure, scalable, and central repository to monitor performance across programs and initiatives. Financial controls ensure the quality of information and that proper financial practices are being followed. EPC allows silos to be broken down by executing processes across the enterprise, while providing individual managers control and accountability over their own programs.Related Links
Case Study - Implementing an Earned Value Management/Cost Controls System at the FAAWhite Paper - Complying with the 32 ANSI 748 Criteria using EcoSys
News - DoD's Defense Media Activity (DMA) Selects EcoSys
Case Study - Budget Formulation Software at the Department of Defense
