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Financial Control

The Cora Financial Control capability provides comprehensive visibility and control over your organization’s budgetary and financial performance, helping you optimize project outcomes.


Capabilities

Budget Control

Maintain rigorous oversight of budgets at every organizational level. Automate budget checks, facilitate detailed spending approvals and provide early warnings about potential overruns. Deliver real-time visibility.

Financial Forecasting

Accurately forecast financial outcomes using continuously updated live project data. Quickly identify financial risks, proactively address potential issues, and make informed decisions to enhance forecasting accuracy and overall financial predictability across projects and portfolios.

Actuals and Commitments

Monitor and report on actual expenditures and financial commitments in real-time integrated from your ERP, providing immediate insight into spending trends. Enhance accountability, accurately track financial obligations, and improve overall financial transparency, enabling proactive budget and resource management.

EAC and ETC

Precisely manage estimates at completion (EAC) and estimates to complete (ETC) with real-time financial data integration. Continuously update these forecasts, providing clear visibility into remaining budgets and enabling informed decision-making to ensure projects remain financially viable and strategically aligned.

Cost Estimates

Generate accurate initial cost estimates during the project initiation phase. Leverage detailed breakdowns of cost categories, historical data, and ERP integrations to enhance accuracy, optimize budget planning, and ensure financial governance through evolving basis of estimates (BoE).

Unified Financials

Integrate financial data from multiple sources into a unified dashboard. Deliver comprehensive financial insights to stakeholders, supporting informed decision-making, strategic alignment, and enhanced visibility into financial performance across projects, programs, and portfolios through your CBS/WBS.

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Gain visibility and control across your project with Cora’s financial capabilities.

Additional Capabilities

Financial Integration

Seamlessly integrate project financial data with your organization’s ERP(s) and financial systems. Automate data synchronization including purchase orders and invoices to reduce manual entry errors, and ensure financial data consistency and accuracy across platforms, facilitating efficient project controls and reporting.

Billing Milestones

Efficiently manage projected revenue by aligning payments to key project billing milestones. Automate notifications for stakeholders when milestones are achieved, optimizing cash flow management, ensuring timely invoicing, and maintain consistent visibility into projected revenue.

Variance Reporting

Rapidly detect and analyze budget and forecast variances across all your financial periods. Provide early warnings for proactive financial management, allowing quick intervention to address discrepancies, minimize financial risks, and ensure projects consistently remain within budget and meet strategic financial targets.

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