As per industry benchmarks, 70% of global enterprises have suffered at least one project failure in the prior 12 months, i.e. for every $1B invested, $122M was lost in wasted resources, time, and efforts hampering project performance.
What are the Practical Challenges Faced by Project Managers?
While managing projects, every PMO face key challenges that include:
- Manual entry of actual cost is time-consuming and error-prone
- No real-time visibility into the actual cost of a project
- Possibilities of missing expense lines cost against the project cost plan
Identifying planned v/s actual costs is the most critical factor to drive project portfolio decisions in an optimal manner. Join us to learn how you can gain real-time visibility into project spend with ServiceNow PPM and Aavenir Invoiceflow.
With the rise of a distributed workforce, project management teams face challenges to track budgeted vs. actual project costs – fixed, recurring, or labor.
Being a ServiceNow user, you can achieve real-time expense visibility as per project KPIs using ServiceNow PPM and Aavenir Invoiceflow. If you are wishing to know more about how Aavenir Invoiceflow + ServiceNow PPM Integration can seamlessly tackle these issues then read the blog on: "ServiceNow PPM integration with Aavenir Invoiceflow – A foolproof solution to challenges of managing...".
Are you ready to learn how your project management and finance team can
- Automate the creation of expense lines
- Monitor financial performance
- Execute project audits better
- Get insights for cost re-allocation and investment optimization
What are the benefits of using Invoiceflow with ServiceNow PPM?
- This integration automates data entry of invoice header and invoice line items. This automated data entry gives real-time visibility to everyone and hence brings more transparency between the organization’s AP department and project teams.
- Project audits will be better as invoices are validated and approved with Invoiceflow. It enhances the entire project performance by providing insights on reallocation and optimization of budgetary figures.
- Invoiceflow uses workflows and different rules to reduce invoice frauds, which in turn improves the bottom line.
.png){kind=link}
.png){kind=link}
