Invantive Estate has the following general characteristics:
•With your financial administrations as a base, Invantive Estate registers the realization from the general ledger per project and cost category.
•Invantive Estate provides reports for several management levels from which cost categories can be rolled up into bigger groups.
•Documents and tasks can be attached to financial records so that an integrated project file is created.
•Invantive Estate has a flexible security model with which you can for instance give project managers read and/or write access to solely their own projects.
•Unexpected incidents in the information security can be traced, based on an extensive audit trail.
•Reports are available in Adobe PDF format for optimal layout and distribution, and in Microsoft Excel format for analysis.
•Historical situations are easily accessible through the new timeline feature.
•Projects can be closed after which no changes are possible anymore.
Based on this data, a risk model (standard or organization specific) calculates a forecast as a deviation from the project budget. The deviation makes visible what the project's actual financial status and risks are, in comparison to the expose; exceedings are immediately shown, surpluses can be implemented elsewhere in order to compensate deficits:
With reference to the forecast a cash flow projection can be composed which also leads to a net current value calculation.
Extensive reports and possibilities to click on headlines to see details make it possible to analyse unexpected results:
During the project, possible administrative profits are registered based on the calculated status and the implemented value base such as IFRS.
Finally, after the project results are delivered the project is archived, after which you cannot change anything anymore.
In the next chapters the following topics are discussed:
•User interface: how to control the application
•All Form and Reports.
•Your Private User Interface.
•Processes within Invantive Estate.
•Frequently asked questions: what procedures do you have to follow to rightfully handle practical examples?