The recent financial crisis has raised an urgent need to reconsider and control the financial plans of investments. Especially in the real estate market, with small margins and volatile economic prospects, this is crucial for survival. The need for control
has created an opportunity to develop a state-of-the-art financial monitoring and forecasting web application. IBIS4Budget was developed as a tool to create the desired insight into budget monitoring. In project development, the application is used by a large
number of people. The principal defines the budgets, the project manager signs the contract with the main contractor and the invoices are registered at the administration department.