Native capabilities let you manage and track hard and soft costs, project costs, and resource costs. This interface is easily accessible to all stakeholders who need the numbers - internal teams, vendors, and network teams. Workfront allows you to close the loop between budgets, plans, and actual spend. Marketing organizations must be better at connecting their financial plans to the execution of work to keep up and drive sustainable profitable growth. This is difficult with a manual process of updating spreadsheets, running reports, and passing your findings up the ladder. When a project is overextending your teams’ allocated hours, corrective action is necessary. Misalignment between a project’s budget and execution is a problem that continues to plague marketers, managers, and executives. With the agility to quickly reallocate unspent dollars and capacity across projects, you maximize the impact of your limited resources. You need real-time visibility into budgeted, forecasted, and actual spend alongside how these activities are performing.
Marketing budgets and spend are under more scrutiny than ever.
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