How Corporate Planner Helps You to Keep Track Of Your Projects

Forecasting software is a vital tool in modern project management, revolutionising the way that projects are planned and executed. By utilising data analytics and predictive algorithms, the software empowers project managers to anticipate potential problems, efficiently allocate resources, and make informed strategic decisions.

In this article, we will explore how budgeting and forecasting software, such as Corporate Planner, plays a pivotal role in optimising project planning, ensuring smoother execution, and ultimately, achieving successful project outcomes. It provides the essential integrated financial and resource planning modelling, with scenario planning, required for organisations to plan, execute, and report on projects and their impact on business performance. It does this at a level above, and without replacing traditional ‘nuts and bolts’ project management software.

Tailored Project Management

A key feature of Corporate Planner is its ability to cater to a range of project types. Whether you are managing manufacturing processes, engineering projects, or consultancy assignments, the software has the flexibility to adapt to your specific requirements, so it can seamlessly manage the distinct phases of each project type to ensure that all tasks are completed on time.

High-Level Monitoring

Corporate Planner does not just focus on the nitty-gritty of project management; it also provides high-level monitoring and overviews which provide you with better insights by demonstrating the impact of projects on your organisation's management. By integrating key financial aspects, different departments, and project stages within the software, Corporate Planner provides you with an invaluable holistic view of your project's progress and performance.

Comprehensive Project Reporting

Tracking project finances is crucial to ensure the cost-efficient deployment of resources and to prevent damaging overspending. Corporate Planner’s comprehensive project reporting tools provide managers with invaluable information, such as the total project cost, monthly expenditures, estimated completion costs, and key financial ratios, to ensure that project finances stay on track and potential overspends or surging costs can be actively managed. Also, projects can be grouped by department and project data seamlessly integrated with your balance sheet and cash flow statements to improve visibility and reporting.

Financial Insights Beyond Project Management

Unlike specialist project management software, Corporate Planner delves into intricate financial aspects that offer a more comprehensive perspective. It is particularly valuable in project tendering scenarios as it allows you to model projects from the initial bid to project completion, improving the quality of strategic decisions, and empowering managers to make informed decisions at every stage of the project.

Integration For Informed Decision-Making

Corporate Planner integrates with critical resources such as profit and loss (P&L), balance sheet (B/S), and cash flow (C/F), which enables managers and directors to access up-to-date project insights in real-time. By facilitating higher-level scenario planning, the software helps stakeholders understand the overall status of each project and its impact on the organisation's financial health.

Supporting Project Organisation

Corporate Planner is a comprehensive platform that supports businesses to execute and deliver projects by streamlining processes and improving cost efficiency. It is particularly valuable for organisations whose core business is centred on projects, who benefit from improved teamwork, management of resources, adherence to schedule, and risk mitigation – ultimately enhancing project outcomes.

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Budgeting and forecasting in project management are crucial aspects that must be efficiently managed to maximise outcomes and control spending. To find out more about Corporate Planner and how a partnership with Account-Ability could benefit your business, please get in touch via our website or give us a call at 01242 903169 to speak to one of our expert team.

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