February 1, 2008—VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and asset management, has announced the latest release of its capital spend management software, VFA.spendManager.
This release gives CFOs and capital planners better ability to understand and manage spending with new tools for categorizing cost data, reporting in local currencies, and consolidation of capital project status and financial information, says VFA.
In VFA.spendManager 8.0, a new multi-level cost structure enables customers to easily replicate the cost categories in their existing purchasing systems. This parallel structure allows greater accuracy in tracking forecast and actual expenses, and facilitates the exchange of data between systems.
Enhanced project tracking capabilities in VFA.spendManager 8.0 allow users to more easily track the progress of a capital project against milestones. For example, they can readily compare the percentage of a project’s total budget that has been spent to date versus the planned percentage, and monitor project completion timelines against goals.
Also new in VFA.spendManager 8.0 is the ability to report on capital spending in local currencies based on current exchange.
Other new features in VFA.spendManager 8.0 include the ability to add custom attributes to reports on capital needs and requisitions and a comprehensive online user guide and help capability.
For more information about VFA, see the company’s Web site.
