Quickly standardize global cost and benefit structures across the organization to facilitate enterprise reporting. Easily select the required nodes from the global structures and create cost and benefit templates which in-turn are linked to Enterprise Project Types (EPTs). This flexibility helps to ensure only the required nodes are displayed for different types of projects (e.g. Business vs. IT projects).
2. Effective Financial Governance
Seamlessly integrate financial governance controls within existing project workflows to enhance accountability and meet regulatory standards. Through the Project Financial Server 2010 settings interface, administrators can simply configure each workflow stage to include the appropriate financial controls and rules.
3. Accurate & Robust Financial Estimates.
Simply capture time-phased cost and benefit estimates during the development of a project's business case. Project Financial Server 2010 fully integrates with the new demand management infrastructure in Microsoft Project Server 2010. Project Managers and business analysts can capture financial information at the required level of detail in the financial structures and the data is automatically spread across lower time granularities (e.g. year, quarter and month). The robust financial estimates and metrics can then be used to drive the portfolio optimization analysis.
4. Funding, Allocation & Chargebacks
Easily breakdown financial budget, actual and forecast data to support organizational budgeting, allocation and charge backs. Using Project Financial Server 2010 cost centers / codes organizations can reconcile the worlds of project and organizational accounting. Both project level and task level cost information can be mapped back to one or more funding sources throughout the life of the initiative.
5. Financial Versioning
Effortlessly create versions of the financial estimates and compare and contrast as project's move through the life cycle. Financial versions can be automatically triggered when projects move between stages in the workflow or manually created by users with appropriate rights. Capturing versions ensures that you can quickly see how the cost estimates evolve, keep records for audit purposes and even restore previous versions if needed.
6. Top Down & Bottom Up Planning & Tracking
Flexibility to support both top down and bottom up budgeting and tracking. Project Financial Server 2010 provides the flexibility to manually enter high level or detailed financial data in a top down "Cost Plan" or simply sync and aggregate resource assignment costs (i.e. human, cost and material) from the Project schedule.
7. Measurement & Performance
Effectively measure and track project cost performance by period (e.g. month, quarter, year). Project managers can quickly complete financial status reports (e.g. actual and forecast data) by period, view real time variances, submit for approval and access past reporting periods to assess trends.
8. Financial Reports & Intelligence
Utilize familiar Microsoft Business Intelligence capabilities (e.g. Excel Services, PerformancePoint Services, and Visio Services etc.) to quickly build powerful reports and dashboards to provide Project Financial Intelligence. Project Financial Server 2010 includes dedicated reporting cube that provides easy access to time phased cost and benefit data.
9. Benefits Tracking & Realization
Successfully track realized benefits and easily compare and contrast with the estimated benefits documented in the initiative's business case. Project Financial Server 2010 provides organizations with the tools to track actual benefit and answer a simple question; did the initiative realize the planned benefits?
10. Easy to Use & Integrated
Project Financial Server 2010's familiar SharePoint Server 2010 interface coupled with out of the box best practice financial web parts helps organizations get started quickly, reduce training costs and enhance user experience. The flexible web services based API, Project Financial Server Interface (PFSI), provides an open and extensible platform ensuring you can effectively integrate with line of business systems and extend the solution.
