CAPEX approval work flow management system
What is CAPEX software?
CAPEX Software is a process built solution that allows companies to automate, streamline, manage all capital expenditures workflow, approval and management. It is a software where new projects can be proposed, approved by various level ofdepartments and authorities. Pending projects can also be tracked. Advanced CAPEX software solutions even enables tracking of Forecasting and budgeting.
What is a CAPEX lifecycle?
The CapEx Life cycle is a ongoing roadmap of Capital Expenditures. The path includes a project from planning, budgeting, executing, post investment review which is then used a metrics for future planning.
What are the benefits of CAPEX software?
Companies acquire expenses in vrious departments. Some expenses need approval from multiple departments like HR, Finance, Marketing, Legal dpeartments both internal and external. They need an effective way to
- Have control over their Capex budget
- Have control over their Capex project
- Gain control over delegation of authority and Capex approval process.
- To collect and route approval requests and task hand-overs
- Manage related data and documents effectively in E-format
- Track approval status and collaborate with a team on-the-fly
- Evaluate performance of the approval workflows and optimize them
Creative CaPEX approval system
Creative CaPEX approval and mangement system has been designed with a Layman perspective. It has simple UX UI yet interactive and easy to understand.
- Post projects in Capex portal
- Get approval from various levels
- View pending projects
- Manage CaPex budget through simple reporting system
- Forecating and budgeting (can be customized as an addon)