EcoSys
Company Overview
EcoSys provides project, operations and financial performance management tools to financial service, government, utility, aerospace and defense firms. The company's co-founders previously helped design Primavera Systems' enterprise project management software; today EcoSys is a Primavera Premier Technology Partner and Service Partner, and its flagship software, EcoSys Financial Manager, integrates with the Primavera suite.
800 Westchester Ave.
Rye Brook, NY
Phone: 914-304-5000
Web: ecosysmgmt.com/products/project-cost-management.php
EcoSys Financial Manager is Web-based financial performance management software. It manages the entire financial cycle, ensuring along the way that spending remains in line with broader organizational objectives and strategic plans.
This financial performance management software addresses the following tasks:
- For budgeting, EcoSys FM uses a workflow structure to help financial managers distribute funds to programs, projects and operations, the vendor said.
- Capital planning is managed by tying projects to their funding sources and aligning those projects with broader organizational objectives.
- Forecasting is done using spreadsheets that are stored centrally, that can be analyzed for variances and trends and that can be aggregated so projects with a high-level strategic and organizational impact are most visible, the vendor said.
- The software's project cost management features use the aforementioned spreadsheets to maintain forecast curves and compare versions of cost forecasts. From there, users can perform funds management and budgeting tasks, among others, the vendor said.
- For consolidation and reconciliation, EcoSys FM pulls data from several sources, ranging from timesheets to ERP software, and can drill down to the individual transaction level to analyze spending.
- When it comes to financial performance management, this software can measure against project budgets, fund availability and corporate and strategic alignment, the vendor said.
- The software's resource planning functionality will manage labor budgets, forecasts and actuals.
- Finally, EcoSys FM's capitalization rules and standards further ensure that spending complies with company objectives.
EcoSys Financial Manager integrates data from corporate financial planning software (typically offered by Oracle and SAP) as well as project management software (such as Microsoft Project and Primavera).
