What is Project Finance?

Project finance in Worklenz is a powerful feature that allows you to track and manage the financial aspects of your projects. It provides a centralized view of project budgets, costs, revenue, and overall financial health - helping project managers and stakeholders make informed decisions throughout the project lifecycle.

With project finance, you can:

Set project budgets - Define and manage the total budget allocated for a project. See configuration for setup details.
Track costs and expenses - Monitor spending across tasks, team members, and resources in real time. Learn how it works.
Measure revenue and profitability - Compare actual income against projected earnings to evaluate project profitability. Review key terms to understand the metrics.
Generate financial reports - Access detailed reports to analyze financial performance and export insights for stakeholders.
Improve forecasting - Use historical data and current trends to make better financial predictions for future projects.

Project Finance brings transparency to how resources are being utilized and ensures your projects stay within budget while maximizing returns.