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ExpoNet for Engineering Project Development and Management Budget Management

Budget Management

Digital financial management platform for engineering projects

Budget, contract, and account management for greater accuracy, efficiency, and profitability

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Portfolio Management Approvals & Statutory Processes Engineering Design Coordination Project Management Execution Management Budget Management

From manual management to financial automation: Eliminate budget variances

A comprehensive advanced module designed to ensure accurate, efficient, and transparent management of all financial aspects of your projects. The module provides complete visibility and control over budget management throughout every stage of the project, from initiation to project completion.

From contract and purchase order management to precise cash flow control, define and manage your budget professionally with tools for real-time variance detection and rapid resolution. The system automates critical processes to ensure financial transparency and full compliance with the budget.

The system supports a smart interface with enterprise management systems such as Priority ERP, enabling end-to-end automated management from budget creation and invoice management to supplier payments.

Financial Tools for Budget Management

Smart Budget Management and Control

Provides the ability to define accurate budgets, continuously monitor expenses and revenue, and perform in-depth analysis. The system enables real-time identification of variances and rapid resolution, ensuring that the project remains within budget.

 

Contract, Procurement, and Supplier Management

Structured management of all project contracts and purchase orders, with close monitoring to ensure full alignment with requirements and expectations. The module includes a professional supplier repository that enables maintenance of supplier information and efficient ongoing relationship management.

Approval Workflow Automation

Built-in tool for approval process automation, enabling full customization to meet organizational needs and including a built-in digital signature.

Submission and Management of Contractor Payment Applications (Interim)

Automation of contractor payment application management (unit price and lump sum), including interim and final payment applications, based on actual execution progress, ensuring full synchronization between on-site execution, the approved work plan, and the budget. The system ensures that every payment accurately reflects the level of engineering execution and compliance with project objectives, shortens approval times, documents changes, and ensures engineering and financial accuracy.

 

Cash Flow and Collateral Management

Tools for monitoring cash flows and managing forecasts to ensure financial integrity. The system centralizes the management of guarantees and insurance, with tracking of their validity, alongside relationship management with funding sources and relevant authorizations.

Bill of Quantities Management

Easy import of files and price lists into the system, enabling automatic comparison of bill of quantities versions for maximum accuracy in planning and execution.

Smart Budget Management and Control

Contract, Procurement, and Supplier Management

Approval Workflow Automation

Submission and Management of Contractor Payment Applications (Interim)

Cash Flow and Collateral Management

Bill of Quantities Management

Provides the ability to define accurate budgets, continuously monitor expenses and revenue, and perform in-depth analysis. The system enables real-time identification of variances and rapid resolution, ensuring that the project remains within budget.

 

Structured management of all project contracts and purchase orders, with close monitoring to ensure full alignment with requirements and expectations. The module includes a professional supplier repository that enables maintenance of supplier information and efficient ongoing relationship management.

Built-in tool for approval process automation, enabling full customization to meet organizational needs and including a built-in digital signature.

Automation of contractor payment application management (unit price and lump sum), including interim and final payment applications, based on actual execution progress, ensuring full synchronization between on-site execution, the approved work plan, and the budget. The system ensures that every payment accurately reflects the level of engineering execution and compliance with project objectives, shortens approval times, documents changes, and ensures engineering and financial accuracy.

 

Tools for monitoring cash flows and managing forecasts to ensure financial integrity. The system centralizes the management of guarantees and insurance, with tracking of their validity, alongside relationship management with funding sources and relevant authorizations.

Easy import of files and price lists into the system, enabling automatic comparison of bill of quantities versions for maximum accuracy in planning and execution.

From tender management to project completion: Financial transparency for engineering projects

Unified Financial Management supporting the project from the tendering and quotation stage, through automated budget creation during the initiation phase, to real-time variance monitoring throughout execution. The system streamlines the submission and approval process for payment applications, enabling accurate and organized payment processing through approval workflows (Workflow) and full integration with external ERP systems such as Priority for automatic data synchronization.

Icon Malibu Finance Payments Budget

Smart Planning

Accurate budget definition for every project

Icon Malibu Real Time

Ongoing Monitoring

Continuous monitoring of expenses and revenue throughout the project lifecycle.

Icon Malibu Business Processes

Performance Control and Analysis

Analysis of actual budget performance and real-time variance detection

Programmer Salary CalculatorsVendor ManagementFunding Source Management

Automated, transparent, and error-resistant programmer payroll calculations based on defined rates

  • Ministry of Housing Calculator
  • Ministry of Defense Calculator (The Yellow Book)
  • A.A.A.I.
  • Netivei Israel
  • Accountant General's Division (AGD)

Central database of the project and organization supplier network

  • Unified information repository
  • Control over supplier performance at the project and enterprise levels
  • Organized and documented digital communication

Close monitoring of all funding sources, with a comprehensive view from the organization level down to individual projects. Ongoing cash flow control and accurate cash flow forecasting ensure full alignment between credit facilities, agreements, and on-site execution.

  • Centralized and Unified Management
  • Funding Source Status Tracking
  • Permission Management and Requirements Compliance

Smart interface for Priority ERP: End-to-end financial management and automation

Digital workflow ensuring full transparency and a seamless work process from contract execution and project supplier budget creation to invoice generation and payment

Live cost-to-complete view: Committed cost vs. actual progress in real time

Budget control: Ability to monitor information through customized dashboards (BI) and plan-vs.-actual reports

Financial commitment management automation: Signing a contract in EXPONET, including all interim payment terms, automatically creates a financial commitment in PRIORITY

Unified approval and signature workflow management: Defining and executing a signature workflow automatically creates a payment in the ERP system

Compliance control: Blocking contractor payments in cases of non-compliance or failure to meet requirements

Synchronization between project data and accounting: Eliminating duplicate data entry across both systems

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