Capital projects can have many funding sources, each with different rules for expenditure and reporting. When public funds, bonds or grants are involved, there can be numerous restrictions on how, where and when to use a particular funding source. If project leadership does not have a firm grasp on the requirements for each funding source, projects can be delayed, penalties can be incurred, or worse, funding sources can be withdrawn completely.
Unifier’s Funding Manager provides extensive capabilities to manage, track and maintain all of your organization’s funding sources. It is seamlessly integrated with the Cost Manager and business process engine, and can be used to track and manage fund allocation even down to individual contracts. Fund consumption can be completely automated, performed manually, or a combination of both, providing both ease-of-use and complete control over how project funds are spent.
The Funding Manager allows complete visibility into the balance, disposition, and status of each funding or grant source, from high-level views of all sources in the organization, to their use per project, or per contract if needed, with the ability to easily drill down to individual line items. All transactions are fully audited and reportable.
There is no easier way to manage capital project funding. The flexibility and ease-of-use of the Funding Manager results in significant reductions in the time needed to manage funding and grants, greatly reduces the risk of misapplication, and facilitates fulfilling reporting and auditing requirements.
