Standardize hierarchical financial structures
Standardize hierarchical financial structures (e.g. cost and benefit) and dimensions (e.g. budget, actual and forecast) to consolidate financial data across project and program portfolios.
Build Relevant Portfolio Hierarchy
Build a relevant portfolio hierarchy that includes departments, portfolios, programs and projects to support both top down and bottom up budgeting. For example, record departmental or program budgets separate from associated project budgets.
Establish Governance Controls
Establish governance controls across the PPM lifecycle to ensure the appropriate level of financial data is collected at each workflow stage.
Maintain Multiple Currencies & Exchange rates
Maintain appropriate currencies and periodically update the exchange rates to gain complete financial transparency across geographically dispersed project and program portfolios.
Maintain Auditable Records
of Financial Data
Use powerful Snapshots to maintain auditable records of financial data, metrics and Custom Fields throughout a project’s lifecycle. These can be automatically triggered through workflow transitions, or manually generated by designated users.