CAPEX workflow processes
Creative CapEx workflow process system are one of the reliable approval management software for consistent and transparent approval processes and shorter approval cycles. With Creative CapEx workflow software you get the approval process automated within hours, ensuring that each approval request goes through a rigorous review process quickly, and gain both policy compliance and full traceability.
Automation in Capital expenditure approval workflows ensures that the CapEx project approvals are handled effectively and better and faster decisions are made while getting all the necessary information to audit on the approval workflow in time.
Lets compare Traditional manual CapEx approval system with Automated Creative CapEx approval system
- Traditional manual interventions through email and spreadsheets caused many potential issues throughout the capital expenditure approvals. Automated workflow system increases the pace of routing requests and approvals and helps to get the job done fast and efficiently.
- Many companies still manage the CapEx requests entirely by a manual process, which resulted in de-lays, duplication, chasing after signatures and much frustration. Creative CapEx software provides streamlined implementation and management.
Benefits of Creative Automated CapEx Workflow Processes
- Increased CapEx transparency though the entire organization.
- Automated CapEx Workflow processes enables tracking and auditing of CapEx requests from inception to completion.
- Creative CapEx software can be integrated with any of your legacy ERP systems
- Enables faster CapEx approvals with Creative CapEx software systems.
- Post investment review with simple reporting tool. Forecasting and budgeting can be added as an (ADDON)
- ERP integration will identify unauthorized spending allow you to take action