Overview


Your Financial Management Software helps you manage organizational and project finances at an organizational level (funds availability and funds allocations etc) but not at the level of a project's operations and execution, which means you cannot easily assess whether your funds are being used effectively or efficiently. WRENCH SmartProject solves this; it complements your existing finance software and plugs the missing information into a single dashboard to give you a truly 360 degree view of your project spend.

Supplementary solution that integrates seamlessly with your ERP

All executional-level data captured and stored in SmartProject

Forecasted vs Actual cashflow requirements evidenced by milestone completion tasks

Delay Cost impact assessments

Is our cash utilization optimal?

How do we ensure just-in-time cash requirements?

 

What is our forecasted cashflow backlog?

Are we able to fund our commitments?

Solution Summary

An ERP records information about your project commitments, POs, payment obligations etc, but this information is not linked to dates, milestone completion tasks or intermediate certification, nor is an ERP designed to handle costs, budgets, cashflows etc. at the executional level as the project progresses. SmartProject is an effective way to supplement your ERP because it brings in those missing components to help you leverage the value of work done (VoWD), and show costs incurred versus cost commitments under a unified report, so that you can accurately assess where you stand in terms of the project budget and finances.