Budget and expense management
Keep your projects on budget without the stress. Zoho Sprints gives you the tools to set accurate estimates, forecast upcoming expenditures and revenue, and monitor spending, so your team can complete projects without worrying about overruns.
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- Identify potential financial risks and uncertainties.
- Track your project’s fiscal health in real time
- Maintain transparency and accountability.
- Make strategic and informed financial decisions.
Plan ahead, balance spending, and keep every project on track.
Establish a project budget
A well-planned budget drives project success. In Zoho Sprints, you can define budgets by hours or amount at either the project or release level to calculate estimates, track expenditures, and forecast revenue effectively. Plus, you can view budgets across multiple projects for a clear overview of your organization’s financial performance.
Choose the right billing method
Your billing method is crucial to your project's financial health and fostering strong stakeholder relationships. Zoho Sprints lets you bill clients based on project or user hours, item type, profile, or role. You can also set the cost per hour for each user and configure the relevant timesheet fields when calculating the project budget.
Avoid budget overruns
Budget thresholds act as safeguards, alerting the project team when actual spending exceeds the planned budget. Zoho Sprints alerts you via email or in-app alerts whenever spending surpasses your defined budget limit.
Analyze budget performance
Avoid costly mistakes by monitoring your project budgets closely. Use Zoho Sprints to track budget utilization, forecasted costs, and more with real-time metrics and charts, such as budget variance and actual vs. planned cost. You can also access sprint- and release-specific budget dashboards to view and analyze budget progress.
Optimize project spending
Take control and maximize efficiency to deliver projects on time and within budget. In Zoho Sprints, you can record multiple daily expenses and assign them to categories. You can also create recurring expenses with automatic tracking and calculation based on defined parameters.
