CapEx Approval

Flexible CapEx Approval Management Software

An agile capital expenditure approval process is key 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. Utilizing a proper CapEx approval solution will 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 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.

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.

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Benefits
  • 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

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CapEx Approval Management

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Comindware Tracker Workflow Management Software enables automation of the main steps of Capital expenditure approval management process: request creation, rejection, clarification and verification. Comindware provides powerful capabilities, such as Workflow Builder for creation and management of the required business process, and Workflow Engine that enables execution of the designed Workflows. Comindware Tracker Workflow Automation software is available in Cloud and on-premises.

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