Fund management is a critical process for ensuring funding is employed in a way that maximizes business value. It is an important part of any project portfolio management solution. All organizations face the challenge of managing funding information – whether for departmental budgeting, joint venture funding, project funding, or public sector grants, taxes and bond issues.
EcoSys provides robust fund management capabilities in an integrated platform. Optimize the way you manage funds by connecting funding rules at the strategic portfolio level with tactical project controls and project management progress and performance data.
Key Benefits For Fund Management
Optimize fund management across the enterprise and throughout the project lifecycle. EcoSys enables:
Ensure funds are utilized in accordance with your plans
Improve funding allocation, request and approval workflows
Analyze fund utilization and identify areas for process improvement
Follow the Money
While organizations may have a good handle on current funding, approval status, and where funds are allocated, they often lack visibility into project and operational execution. This makes it difficult to assess whether funds are effectively used for their intended purpose, and near impossible to take corrective action in a timely manner.
EcoSys connects fund management with other project portfolio management and project controls & project management processes. This gives you full visibility of funding – from creation and definition through to allocation and utilization. The more you can see how funds flow throughout the project and portfolio lifecycle, the better you are able to identify trends and correct under and over utilization of funds.