Tempo Budgets (Data Center) vs. Financial Manager (Cloud)
Tempo Budgets is a Jira Data Center product that is not currently available for Jira Cloud.* However, Tempo does offer Financial Manager (formerly Cost Tracker), a financial solution for Jira Cloud, which was released to the Atlassian Marketplace early in 2020.
Special Considerations for Evaluating Financial Manager
Tempo Financial Manager leverages the power of Tempo Timesheets to deliver a financial overview that lets you track costs to quickly assess and monitor the financial health of your projects. It is intended to solve similar use cases to Tempo Budgets.
Although Financial Manager does not match all of Budgets' features, it duplicates the core functions with added improvements. In addition, Financial Manager has an advantage over Budgets with these fundamental comparisons:
Easier setup and faster path to value
Optimized architecture for scalability on Cloud
Public API enhancement, along with new features being continuously added
Better integration with the Tempo product suite
One important consideration is that while the two products aim to address similar use cases, their underlying technical architecture is completely different. As a result, there is no formal migration path available from Budgets to Financial Manager but there are other methods of migrating Budgets' data. Make sure to check out the Financial Manager API that can help you perform the migration of your data from Tempo Budgets. For example, it can be enabled to create your projects in Financial Manager. Refer to the Financial Manager API documentation for help.
To help you evaluate whether the move from Budgets to Financial Manager is right for you, we have put together a table to show where key functionalities diverge.
= available
⛔ = not available
= future consideration
For more details on some key features, see Data Center vs Cloud: Detailed Feature Comparisons.
Functionality | Budgets Data Center | Financial Manager Cloud | Alternative |
|---|---|---|---|
Use Cases | |||
Project budgeting |
|
| |
Project tracking |
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| |
Revenue tracking |
|
| |
Account management |
|
| |
Service contract management |
|
| |
Earned Value Management (EVM) |
|
| Vote for this idea in https://ideas.tempo.io/ideas/T-I-724 |
Revenue forecasting |
|
| |
Cost forecasting |
|
| |
Portfolio |
|
| Permission management for portfolios is not available in Financial Manager yet. Archiving portfolios to maximize performance is not available in Financial Manager yet. |
Billed hours support |
|
| |
Track external expenses |
|
| |
Budget milestones |
|
| |
Reports | |||
Expense report |
|
| Expense data in Financial Manager is exported to a .CSV file for reporting. |
Status report |
| ⛔ | A status report is not available in Financial Manager but you can alternatively see the project status in the project screen. |
Revenue report |
|
| |
Indices / forecasting report |
| ⛔ | |
Variance report |
| ⛔ | |
Report export |
|
| |
REST API |
|
| |
Gadgets |
|
| Vote for this idea in https://ideas.tempo.io/ideas/T-I-2102 . |
Configuration | |||
Global cost rates |
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| |
Flexible rates with effective dates |
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| |
Permission restrictions |
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| |
Expenses |
|
| You can add expenses to a project in Financial Manager. |
Auto-populate teams | ⛔ |
|
* New features will be introduced to Cost Tracker to address additional use cases. Tempo is currently investing in the development of this product based on ongoing feedback we receive from existing Cost Tracker customers, partners and evaluators. Any idea entered or voted for in the Idea Portal is carefully reviewed and evaluated by Tempo's product team before any potential roadmap consideration. Ideas do not always make it on our roadmaps but they get proper visibility.