Investments, projects, procurement, controlling

Libra solves the Software problems in various areas of investment. Major investments are managed through projects and have reference budgets which is fundamentally different from production-oriented procurement processes. Libra's solution is an investment-oriented system in which actions are planned, budgeted and realized, and that encompasses all processes from requirements through acquisition and invoicing. It includes the phase of investment objects usage together with post-investment and life-cycle costs.

The importance of general expenses and investment is often underestimated in systems in preference for better technical support for the life-cycle of producer goods and merchandise.

In the absence of alternatives, available production- or sales-oriented purchasing systems are also used for the investment procurement procedures, because these systems are already in operation. This results in unbridgeable gaps between planning and budgeting and the core purchasing processes. Only with considerable manual labor costs the Invoices can be audited and the Projects accounted against Assets. An effectively steering Controlling is difficult to achieve in this setting.

With Libra, the mixed world of Excel workbooks, paper documents and partial solutions is replaced by a single dedicated system, in which all processes run integrated. This benefits are not only Controlling and Accounting, but also central Purchasing organizations, involved in investment and maintenance and not least Operations as an implementer for replacement investment decisions. With Libra, due to the potential of a technical system development of the investment and overhead area, the total profit situation improves strongly and the liquidity can be controlled in more detail. The gained transparency leads to a new quality of the processes and helps to allocate investment funds more effectively. In the usage phase, the participants are constantly informed through the system screens and actively involved in ongoing processes, which leads to a higher planning accuracy and early detection of effects on the liquidity situation.

Libra is suitable for companies with significant investment and maintenance overheads. In particular, the system is adapted for Retail companies that have to use vast Organizational structures.

The Libra system belongs to a new generation of software. It is completely web based, which is why, it can be readily used as long as Internet access is available. The system is multilingual. With a single central installation, it can be used worldwide at all sites in their local languages, also complying with the national standards of each site. Due to its overall availability, the software can be easily incorporated throughout all user groups within the company.