Investments, projects, purchasing, controlling
Libra provides a software solution for seamless realization of investment processes: In contrast to production-oriented procurement, major investments are managed through projects and according to reference budgets. The Libra solution provides an investment-oriented controlling system. Actions are planned, budgeted and executed, covering all process steps from requisition through purchasing to invoicing. Libra addresses the subsequent phase of use with post-investment and life-cycle cost as well.
The key benefits of Libra software are:
- Full system coverage of all investment controlling tasks.
- Seamless integration of the entire value chain in the planning and execution phases.
- Easy roll-out and localization support.
Quite often the strategic importance of investment controlling is undermined by insufficient system support: For a perceived lack of alternatives, production- or sales-oriented procurement solutions are also used for investive procurement processes, as these systems are typically available and in production. The result is a major disconnect between planning and budgeting on one hand and the core procurement processes on the other. Thus auditing invoices and accounting projects involves considerable manual effort. In such an environment, investment controlling cannot possibly fulfill the multitude of requirements it is facing in present times.
Libra provides a dedicated solution for investment projects: as such it integrates controlling functionality with operational investment management, procurement and accounting. With Libra, strategic business objectives can be met more easily, due to the potential opened up by full system coverage of all types of investment tasks. Vastly increased transparency promotes process excellence and allows for more effective investment of the available funds. In the phase of use, all participants of the value chain are kept up-to-date through the system and actively involved in ongoing initiatives. This naturally leads to improved planning accuracy as well as truly up-to-date information on the current financial status, even covering maintenance.
Libra software is perfectly suited for companies with significant investment and maintenance activities. In particular, the software is well adapted to retail companies and their challenge of extensive subsidiary structures.
The Libra solution belongs to a new breed of software: It is completely web based and thus ready for use wherever Internet or Intranet access is available. Libra provides full localization support, so a single central installation can be used worldwide by all sites in their local language and compliant with national standards. Due to its straightforward accessibility, Libra software can be rolled out to all user groups within the company easily.