Flexible CapEx Approval Management Software
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. Real-time Opex control and effective Opex communications ensure lower operating expenses and helps businesses with increasing overall value. Utilizing a proper Opex tracking and CapEx approval solution will help with optimizing company’s daily spends and significantly increase 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
- Data and document management
- Request routing and task hand-overs’
- Team communication and collaboration
- Notifications and reporting
CapEx Approval Process Challenges
- Manual, non-standardized processes
- Missed deadlines and inaccurate request routing
- Unproductive communications and emails
- Multiple errors, duplicating or missing request data
Comindware CapEx Approval Management Solution
Comindware CapEx Management software extended with Opex management functionality is designed for business users to easily configure web forms and workflows allowing you to design, build, use and modify capital expenditure request processes within a highly intuitive, web-based user interface. Thanks to advanced Opex system you also get all the necessary tools for thorough operational expenses management while executing day to day business.
Even more, Comindware CapEx Approval software enables full regulatory compliance and adherence to company policies as well as significantly facilitates team collaboration. Comindware’s CapEx solution provides integration with 3-rd party ERP systems as well as data export and import to ensure accuracy of company balance sheets and income statements.
- Full automation and elimination of error-prone spreadsheets/email process tracking
- Optimized expenditure request, review and approval times
- Standardized request processes across company divisions
- Centralized data and document management
- Improved team communication and collaboration
You may also find interesting:
For more information on Comindware solutions, please contact us.