Project financial control for Construction and Engineering

How well do companies manage project financial control today? 

In an industry with low project margins, a high level of unpredictability, and fierce competition (both domestic and international), it does not take much to turn a profitable project into a loss-making project, putting the whole business at risk. 

That is why the need for excellent project financial control is no longer a ‘nice to have’, it is a must have.

IFS delivers integrated project financial control, key benefits of this include:

• Accurate Data & Timely Information
• Improved Cash Collection
• Accurate Earned Value
• Improved Project Predictability & Forecast Accuracy
• Accurate Costs & Accruals
• Improved Change Control
• Faster Period End Close
• Increased Labor Efficiency
• Reduced Dependency on Excel

Explore the rest of the benefits as well as the four key pillars of effective project financial control in this executive summary.