Manage Capital Improvement Projects Across Currencies and Countries
Multinational owner organizations that execute projects in various locales around the world struggle to effectively and efficiently manage their projects in different currencies. Due to the everchanging conversion rates of different currencies, it’s an extraordinarily tedious and time-consuming process for project managers and accounting professionals to deliver real-time project updates to executive leadership.
As such, Owners are solely reliant on their ERP systems and spreadsheets to generate portfolio summary reports on projects using different currencies. This creates the need for a full-time-employee to transfer system cost data to spreadsheets simply to be able to generate accurate portfolio summary reports.
e-Builder’s native support for managing projects and contracts in different currencies provides multinational owners with the tools required to deliver and manage successful projects worldwide. It reduces time wasted calculating currency conversions, eliminates additional room for error, and increases project collaboration.
- Supports customers operating in various countries or currencies
- Accurate financial information
- Customizable currency conversion rates
- Budget and budget exchange rates
- View costs in desired currency
General Project Summaries
Project reporting capability that allows project managers and accounting professionals to quickly toggle between different currencies and provide real-time project updates.
Execute Real-time Currency Conversions
Convert quickly between different currencies to generate real-time project summaries, evaluate contractual agreements, and measure relevant financial impacts.
Track Funding Sources
Quickly locate, organize, and track different funding sources in different currencies.
Work From Home Financial Security
Rest easy knowing your finances are secure, your payments are going to the right contractors at the right time, and all financial tasks can be completed remotely and updated across all systems with our seamless cloud integrations.
Read the Three Keys to Successful Construction
Construction typically accounts for approximately 70% of an organization’s capital improvement budget, so effectively managing costs is crucial. But the construction industry — more than perhaps any other — is prone to changes and contingencies that can lead to overspending and waste. This can be crippling for a private business, and career-killing for public officials who manage projects with taxpayer dollars.
The Definitive Guide to Digital Transformation for Owners of Capital Improvement Programs
Download our Definitive Guide to Digital Transformation for Owners of Capital Improvement Programs and learn why leveraging an advanced digital construction management solution like e-Builder Enterprise—which is designed for owners like you—will effectively aid in managing the funding, tracking and reporting of your infrastructure-related projects. Click here to get your complimentary guide.