Financial Project Controlling System

Clients:
Three key players in Hungarian energy sector
Category:
IdeasTech
Services:
Development, Maintenance
Web:
-

Description

The primary goal of developing the project controlling system was to transition from existing Excel-based tools to more advanced IT foundations, while retaining existing functionalities and incorporating additional business features. Our customized, modular solution resulted in significant time savings during system implementation and is fully aligned with the specific operations of the company. The system has been available to our client since 2012, supported by our maintenance services. Over the years, we have further enhanced the system’s efficiency and flexibility through continuous improvements,ensuring it meets the evolving needs of our client even more effectively.

The challenge of project

During the project, we focused on thoroughly understanding the current functionality and processes and replicating them in the new system. As part of this, we needed to find solutions to reduce the complexity caused by Excel spreadsheets and to automate the creation of project portfolio reports.These tasks were crucial in making corporate workflows more efficient and less time-consuming.

The result of project

The implementation of the new system in the project controlling area brought numerous advantages to the company.This modern solution not only made existing workflows more efficient but also opened up new possibilities in project management and reporting. The central element of the system is the centralized database, enabling consistent and secure data management, as well as streamlining data imports from various systems, such as SAP.

Key advantages of the system include:

Customization of user interfaces, allowing users to tailor the system to their specific needs.
Advanced access control settings, ensuring appropriate access for users at different levels.
Automated portfolio-level reports that provide comprehensive insights into project status quickly and easily.
Transparent management of project-level costs and financing, facilitating cost-effective decision-making.

Additional significant benefits of the new system include a unified project planning interface contributing to portfolio-level transparency, built-in approval functions, and automated workflow notifications that enhance process efficiency and transparency. The ability to generate fast and customizable reports aligned with managerial needs and advanced analytical features assist in supporting decision-making processes and providing deeper insights.