Is money important to your business? Of course it is! 

Well, your business is important to ProWorkflow, so we’ve developed some exciting new financial fields and tools. Our cash flow forecasting and tracking tools are designed to improve your planning and budgeting processes so you can optimize your financial performance. 

Discover the key features that make ProWorkflow the best financial forecasting software below.

Budget Forecasting Software That Makes Financial Planning a Breeze

ProWorkflow offers numerous useful financial forecasting tools that you can access and manage through the Items section on any Project. Forecasts based on the financial fields for any given Item are located in the grey section of the Item’s financial fields.

Margins can be used to measure your current fiscal position against the expected return, helping you to see in advance how your Project is doing financially. The Profit field displays a true reflection of profit based on current progress. You can also use the forecasting section to track if your project is forecasted to be over time or resources.

 

Boost Business Performance by Tracking Labor, Time, Materials, and Quantities

In ProWorkflow Classic, you could only track time against tasks. With our new Items functionality, you can now track financials against labor or materials—whichever applies to your Project and your needs!

Enable any type of Item, whether it be a labor Item you track time against, a material Item you track quantity against, or something that you track both against in your Items library.

When tracking labor, you can use our financial fields to calculate time spent, labor rates (both incoming and outgoing), and any applicable discounts or taxes. You can then calculate the total income, as well as the total after deducting any costs.

Material tracking features all of the same calculations, but instead of tracking labor rates, you can track unit prices (both outgoing and incoming).

At-A-Glance Financial Reporting

Also new to Nexus is the Insights Module—super handy for financial analysis! Toggle on this financial data visualization tool at the top of your Project Details page for a quick snapshot of your finances, both current and forecasted. Track time allocated and spent, money budgeted and used, and your actual and predicted totals!

Optimize Your Cash Flow with Our Financial Project Management Software

Better business planning, better business performance. Project management software enables businesses to improve their cash flow forecasting and management— making it easier to create accurate quotes and estimates in the future.

We know that keeping track of your financials and accurately predicting budget, cost, and profit are important to you. That’s why we work hard to ensure you always have the best budgeting and forecasting tools available, while making them an easy part of your existing workflow.

Enjoy a clean user interface, collaborative business planning tools, and easy initial setup with our project finance software. If you want to discuss how ProWorkflow can help you with your financial forecasting and future performance, book a demo with us today!