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PPM Financial Management Features
In todays competitive business environment it is no longer acceptable for organisations to carry out once a year planning. They need to be more flexible, with survival based on speed and agility. Where budgets are tied into the organisations strategy and updated as and when the business environment changes.
However, many global organisations struggle to make this reality, facing challenges in collecting and consolidating budget data, mainly because traditional budgeting software assumes a static business environment or consists of non-integrated legacy systems. To have real value a budget must be a living plan that can be continually revised and updated in response to market changes. A budget that takes three months to prepare will almost certainly be outdated and irrelevant by the time it is rolled out, wasting countless man days in the process.
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Financial Management
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Centralise Budgeting
Atlantic Global provides essential insight into your organisation and the flexibility to react quickly to changing market conditions. Executives can create top down budgets and "push down" the budget to lower levels of the organisation. Line managers and department heads can create budgets and submit them for approval. All of those involved in the budgeting and planning process will have less effort in collecting and managing information and more time to analyse it.
Company resources can be directed towards new opportunities or reallocated based on sudden shifts in the business landscape or in support of new strategic initiatives. Budgeting becomes an ongoing interactive process, providing the ability to revise budgets based on continuous flows of accurate performance data, both financial and non-financial, connecting the planning process to daily operations and closing the gap between strategy and execution.
Features
- Tie budgets into the organisational strategy
- Be responsive to changes in the business environment
- Instant budget visibility
- Transform budgeting into an ongoing interactive process
- Create "top down" budgets and push down to lower levels
The Atlantic Global Project Portfolio Management solutions enables your organisation to accurately forecast all project expenditure. Through an intuitive user interface Project Managers can input all future project expenditure by expenditure type and date.
Forecast all Project Costs
Atlantic Global's PPM Financial Management capabilities enable you to forecast all project costs. All resource demand or resource supply can be summarised to provide a resource cost estimate. In addition, project managers can input expenditure lines to track purchases such as hardware, software and materials. All costs can be combined to provide an overall estimate or budget for the project.
Actual vs Planned Expenditure
Through a comprehensive link to the Timesheet and Expense Management module, the Atlantic Global Solution enables you to easily track your actual expenditure vs planned. An intuitive Financial Management dashboard enables you to analyse expenditure across any date range and up to 10 project levels.
Easy Re-Forecasting
Like demand, resource expenditure can easily be adjusted to take into account changes in scope or project deadlines. Multiple profiles can be generated for each project allowing managers and executives to analyse the impact on forecasted cost.
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