Financial Management

Real-Time Financial Control for Project Success

Integrated financial capabilities for CFO-grade visibility. From multi-level budgeting to predictive analytics and comprehensive profitability tracking.

The Financial Management Challenge

Organizations spend millions on projects with limited financial visibility. Budget overruns are often discovered too late, and manual consolidation takes days.

$2.4M Lost annually per $50M portfolio
65% Projects exceed budget by 15%+
3-5 Days Monthly manual consolidation

VeroPM's Solution

Enterprise-grade financial management that integrates with project execution. Multi-level budgeting, real-time cost tracking, and profitability analytics result in significant savings.

Comprehensive Financial Tools

Multi-Level Budgeting

Support budgeting at every level: Organization → Portfolio → Project → Task. Detailed cost breakdown by phase and category.

Real-Time Cost Tracking

Costs calculated automatically as timesheets are submitted. Immediate updates to budget utilization across all levels.

Earned Value Management

Predictive analytics with CPI, SPI, and EAC forecasting. Answer the question: "Are we getting value for money?"

Profitability Analytics

Track revenue vs. costs by project, client, or service. Monitor gross and net margins in real-time.

Cash Flow Management

13-week rolling forecasts, accounts receivable aging, and strategic accounts payable optimization.

Multi-Currency Support

Global project management with 100+ currencies. Real-time exchange rates and variance reporting.

Comprehensive Budget Management

VeroPM supports complex budget hierarchies and approval workflows.

  • Hierarchy: Organization down to Task level budgets.
  • Components: Labor, Materials, Services, Travel, Contingency.
  • Workflow: PM Create → Portfolio Review → Finance Approve → Executive Sign-off.
Organization
└── Total Capital Budget: $100M/year
    └── Portfolio: Digital Transformation ($30M)
        ├── Project: CRM Implementation ($8M)
        │    ├── Milestone: Requirements ($1.2M)
        │    └── Milestone: Development ($4.5M)
        └── Project: Mobile App ($5.5M)

EVM Dashboard: Week 8

Schedule Variance (SV) -$122,500 (Behind)
Cost Variance (CV) -$49,000 (Over)
SPI (Schedule Perf.) 0.85
CPI (Cost Perf.) 0.93

Earned Value Management

Go beyond simple "budget vs. actual" with standard EVM metrics that predict final outcomes.

  • PV, EV, AC: Standardized metrics for objective status.
  • Forecasting: Estimate at Completion (EAC) & Estimate to Complete (ETC).
  • TCPI: Know exactly what performance is needed to recover.

Profitability Analytics

For consulting and services organizations, track revenue recognition and margin in real-time.

  • Revenue Models: Fixed-Price, Time & Materials, Milestone-based.
  • Dimensions: Analyze by Project, Client, or Service Type.
  • Strategic Insight: Identify high-margin services and unprofitable clients.

Project Profitability

Revenue $1,000,000
Direct Costs -$650,000
Gross Profit $350,000 (35%)
Indirect Costs -$120,000
Net Profit $230,000 (23%)

Advanced Financial Features

Approval Workflows

Multi-level approval chains based on budget thresholds. Ensure proper governance for large expenditures.

Budget Change Control

Formal process for budget amendments with impact analysis and baseline preservation.

Cost Allocation

Sophisticated overhead allocation rules, department burden rates, and activity-based costing.

Financial Integrations

Connect with SAP, Oracle, NetSuite, QuickBooks, Xero, and more for seamless data flow.