“Our flexible, economical, and quick to implement solution helps utilities plan their capital budget and manage existing programs,” says Byron Druss, Vice President, InVizion. As a prelude to the solution deployment, the firm aggregates available financial and project data from a multitude of systems such as accounting/ERP, project management, asset management, and other enterprise systems. It interviews clients and applies their terminology, business rules, and workflows for capital planning and budgeting, then automates the manual steps that involve spreadsheets. The easy-to-integrate solution saves the clients from overhauling their existing suite of systems, and quickly renders results. With InVizion in place, the clients can create a program or portfolio model with unlimited budgeting and forecasting scenarios. Planners and managers can analyze and compare multiple approaches to increase financial performance. They can also track and control critical success factors such as interim deadlines for project execution and constraints for budgetary allocation.
“InVizion has the unique ability to perform ‘what-if’ analysis at a summary level, while factoring in detailed inter-and intra-project relationships,” adds Kristy Neckowicz, President, InVizion. Clients can analyze allocations against funding and resource limits as well as regulatory milestones, to mitigate risks while optimizing budgets. They can set thresholds for funding and deadlines, and be alerted when projects exceed those thresholds. The solution makes it easy to create lookup tables and rule-based formulas which are otherwise error-prone in manual spreadsheets.
InVizion has the unique ability to perform ‘whatif’ analysis at a summary level, while factoring in detailed inter- and intra-project relationships
While driving client successes, InVizion continues to enhance its solutions on top of its patent-pending features. Clients will be able to plan their budget scenarios as they consider multi-dimensional impacts on an instant “scenario scorecard” to help them mitigate any associated risks. InVizion looks forward to transforming program budgeting and management in utilities, energy, transportation, and other asset intense industries.