While investors and financial consultants analyze PP&E balance and its impact on the cash flow rigorously, it becomes #1 priority each CapEx request is being tracked and under control to safeguard a company’s shareholder value. Starting from the request receipt, its approval over different departments and further expense or capitalization of the investment, the process should comply with the company's policies, be transparent and error-free, so that capital assets are not- or over-invested.
CMW CapEx Management software extended with OpEx management functionality is designed to empower enterprises for a full control over capital expenditure to maintain assets growth.
Have a new, automated CapEx approval process up and running within days, not months.
Get advantage of on-the-fly changes to request-forms and automated CapEx approval workflows:
Easily design CapEx request forms and standardize request preparation:
Improve team communication and collaboration thanks to a single work environment for employees, automated workflows, documents and knowledge.
Identify CapEx management bottlenecks and implement corrective action in time:
We recommend you to begin with evaluating your current process, identifying bottlenecks, roles and responsibilities. As soon as you agree on the process in-team, you may choose CapEx tools for automation. CMW CapEx solution is customizable and user-friendly, letting you implement a new automated process within days. If you face any issues with evaluating your current process, do not hesitate to contact us, as our analyst team can provide you with full support throughout the process.
As CMW Tracker is a flexible and fully customizable BPM software, you may receive your CapEx process automated within days, not months. Depending on the complexity of CapEx approval and other internal processes you have, it may take up to 30 days.
Usually, the following sub-processes are critical for automation:
An agile capital expenditure approval process and transparent operation expenditure management are keys to cost containment and optimization.
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 that can be solved with CMW CapEx solution:
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:
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