A flexible CapEx approval management software for safeguarding investments and shorter CapEx cycles. Get the process automated within hours, ensure that each CapEx request goes through a rigorous evaluation process quickly, and gain a competitive edge in your market.
Resilient CapEx approval process for business growth
As the world changes quicker than ever and it becomes even more important to make sure that each CapEx request goes through a rigorous evaluation and approval process quickly in order to look forward to new growth opportunities, while safeguarding business from the financial drain.
CMW CapEx Management software extended with OpEx management functionality is designed to empower enterprise CFO or “the finance guy” at a startup for full control over CapEx management. Easily configure web forms and workflows without having to solely rely on IT and suffer delays. It allows you to design, build, use and modify capital expenditure request processes within a highly intuitive, web-based user interface. With an advanced CapEx system you get all the necessary tools for thorough expenses management, on-demand reports, and turning safeguarded investments into business growth.
The Best Feature Set among Workflow Software
4.9 out of 5 stars from users for customer satisfaction
Managing and tracking CapEx requests and approvals through lengthy email strings, paper trails or static spreadsheets can lead to loss of critical information, visibility and control. Here is a short list of common CapEx approval management challenges:
Manual, non-standardized processes
Missed deadlines and inaccurate request routing
Unproductive communications and emails
Multiple errors, duplicating or missing request data
Workflow software successfully replaces manual CapEx approval processes by automating task flow and ensures faster approval process.
Effective CapEx communications ensure lower operating expenses and help businesses with increasing overall value. Utilizing a proper CapEx approval solution will help with:
Recording and monitoring CapEx budget request to actual spend
Tracing back to CapEx performance commitment (e.g. expected ROI / cost reduction, etc.)
Linking CapEx system information with purchase or assets management system
Optimizing company’s daily spends and significantly
Increasing the accuracy, transparency and efficiency of your capital expenditure approval process
Usually, the following sub-processes are critical for automation:
CapEx request submission and approvals
CapEx data and document management
Request routing and task hand-overs’
Team communication and collaboration
Notifications and reporting
An agile capital expenditure approval process and transparent operation expenditure management are keys to cost containment and optimization.
Hertz has leveraged CMW Tracker to create a modern CapEx approval application, which replaced complex Excel files. Thanks to process automation the rental car company dramatically reduced the expenditure approval cycle time, decreased operational expenses and minimized financial risks. Get our PDF Case Study to learn more about Hertzs objectives, approach, solution and results.
CMW Lab® provides both on-premise and in Cloud deployment options. Besides, flexible transition between cloud-based workflow solution and on-premise one can be rolled out if needed. Learn more
API and Integrations
CMW Lab provides wide workflow integration capabilities.Take advantage of bidirectional integration scenarios, s support for both fine grained, and bulk export operations – all available through Web Services open API’s and built-in enterprise services. Learn more
Run your workflow seamlessly on your desktop computer, iOS and Android phone or tablet and enjoy fully consistent user experience.
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