Fundtrac® is an ERP solution developed specifically for project management and financial management in development organizations. The workflows and standards of national and international organizations were taken into account. Fundtrac® ensures the effective planning, budgeting, accounting and evaluation of projects. Based on a central database, all functions are available to Fundtrac® users in an integrated manner - regardless of whether they are in Germany or Mozambique. In this way, aid organizations and their donors are informed at all times about the status of the project and when which funds were used for which activity.
With Fundtrac®, both simple and complex projects and the use of (third-party) funds can be planned effectively and tracked transparently. The flow of funds can be seamlessly displayed and documented at any time and confirmed with proof of use to the donors. The Fundtrac® project management solution comprehensively maps the financial side of a project and also provides insight into sub-projects, budgets or measures.
Function overview:
- Project and middle layer displayed simultaneously
- No time lag between data generation and recording
- Centralized, digital documentation of all receipts
- Continuous automated checking of the actual status of projects
- Project durations independent of financial years
- Currency management to support project and financial perspectives
- Multilingual user interfaces and data management
- Planning, billing and project controlling centrally from one solution
- Evaluations for checking project progress, budget utilization, use of funds, etc.
Advantages in (third-party) funds management:
- Transparent and simple resource management
- Structured management of projects, programs, budget lines and activities
- One-time entry of data with worldwide availability
- Automatic multi-donor management
- Automatic allocation of cash flows
- Tracking and monitoring of donations
Advantages in project management:
- Simple accounting management of subsidies
- Use of any number of currencies
- Avoidance of black funds
- Intuitive user guidance
- Data can be stored at the head office or in the field office
- Traceability of all fund movements at local locations possible
- Comprehensive report management (status reports, resource allocation) to monitor project progress
Advantages in project implementation:
- Transparent and simple project accounting
- Structured presentation of the funds used
- Simple mapping of the specified donor structure
- Automatic synchronization with the donor's main application
- Simple project controlling by the partner
- Transparent project documentation for greater trust from donor organizations