Datavisibililty

The increasing complexity of the Capital Programme (and the larger revenue-based projects) bring difficulties in terms of managing cash flow, commitments and funding sources. For the busy Finance Director, having accurate, up to date management information, based on current and forecast positions is essential. The difficulties are compounded by the need to understand these at a consolidated level to enable strategic decisions to be made. This means that an "at-a-glace" view of the risks, schedule and cash associated with programmes and projects needs to be available.

The traditional way of capturing this information has had a number of drawbacks. Typically the reporting required from the project managers was seen as an imposition and overhead, leading to patchy quality and late or non-existent data. The way the information was gathered often used spreadsheets that had evolved over time and which had no rigorous testing, security or version control (for interesting views on spreadsheet errors see here). The administration associated with collecting the information was time consuming and frequently, when the information was presented, it was inaccurate and out of date. Any formal review of the Capital Programme carried unnecessary additional risk because of this.

By combining a set of tools aimed at making the life of the people working at a project level easier together with top-down reporting, Imprest is able to provide more timely, accurate information at a consolidated level. This enables accurate measurement and monitoring of the portfolio and drill down to any level, as well as easy reconciliation with the financial system.

0207 917 9570 or sales@datavisibility.co.uk