Corporate Performance Management (CPM)

Thursday, April 17, 2008

Integrating Financial Management with Project Management using EcoSys Financial Manager

Recently I been working with a company called Ecosys Management to learn and implement one of their products, EcoSys Financial Manager. According to their site: -

EcoSys Financial Manager (FM) is a web based enterprise project financial management system. Project financial management involves all aspects of managing and monitoring the flow of funds from the organization into discrete initiatives, programs, projects, and ongoing operations. These discrete efforts execute and should align to strategic objectives and priorities. The project financial management cycle encompasses long range planning, fiscal period budgeting, forecasting, spending requests, allocations, performance measurement, controls, closeouts, and adjustments.

Large organizations need to be agile and responsive - financial processes and workflows need to flow top down and bottom up. Finance and Accounting needs to reconcile information flowing in both directions: down from executives responsible for strategic planning and up from the people in the field who are close to the work required.

EcoSys FM successfully bridges corporate strategic planning and project financial management for our customers in a varied range of industries. Particularly if you are looking to integrate project management with financial management, EcoSys FM is a proven solution in organizations using Primavera and other enterprise project management systems.

If you’re interested in learning a bit more then download this EcoSys Financial Manager Presentation. If you’re potentially interested in implementing this product in your organisation then contact EcoSys