Integrated CapEx requests saves you hours of frustrating form work. Harness the power of automated delegation of authority workflow policy routing, and complete integration from Project Planning and Budgeting to Execution. Check out more here: https://www.iqxbusiness.com/iqx-blog/the-value-of-integrated-capital-expenditure-requests/ Contact us today: https://www.iqxbusiness.com/contact-us/

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When asked to describe challenges with their Capital Expenditure Management process
most stakeholders talk about the lack of integrated Capital Expenditure Request (CER) or
Authorization for Expenditure (AFE) forms.
The Value of Integrated
Capital Expenditure Requests
Business Benefits
Those Seeking Funding
Delays in the
approval process
Difficulty in completing
the templates
Lack of transparency
in the evaluation criteria
Process Administrators Executive Decision makers
Effort expended
in validating requests
Reconciling
to budget
Quality of information
presented
Fear of missing out of
better projects that are
potentially in the pipeline
Approving bad projects
Accelerate CAPEX Management
with Integrated Capital Expenditure Requests
Automate Workflow
Routing in Accordance
with your Delegation of
Authority Policy
Integrate to Capital
Project Planning and
Budgeting
Integrate to Capital
Project Execution
System
Apply the Appropriate
Technology Platform
Fully Digitalize
your Capex Form
Rekeying of data
Some organizations have simply replaced a paper version of
the old forms with an electronic version. Financial details are
still in spreadsheets, with outputs transcribed into pdf
documents for approval.
Modern Capex workflows should
be fully automated. Appropriate
reviewers, endorsers and
approvers should be
automatically determined by
request attributes including
investment reason, asset type and
value.
The objective of capital budgeting is to
identify candidate projects and select
the optimal capital project portfolio
within resource and funding constraints.
To make the budgeted project list, a level
of project definition and estimation will
have already be conducted.
The classification, structure,
and budget of the projects
within SAP should be defined
in the integrated Capital
Expenditure Request.
For SAP customers, there
are two options available
for delivering an integrated
Capital Expenditure
Request solution: Apply SAP
BTP Technology or adopt a
SaaS Solution.
The Problem
Capex approvals are isolated and reliant on human glue to complete
Human Glue
Human Glue
Project
Execution
Capital Project
Planning
Capex Approval
(CER/AFE)
Control
By connecting Capex
requests with planning and
project execution, manual
errors can be eliminated.
Monitoring and control can
be applied in real-time.
Effectiveness
Enabling traceability of an
initiative from idea to asset is
essential to ensure that the
capital expenditure budget is
wisely invested.
Productivity
Human glue is messy,
error prone and annoying. Time
that could have been much
more productive preparing
effective financial analyses,
optimizing the project
portfolio, and more.
Timeliness
A key goal of digitalizing and
integrating capex forms is to
reduce the time taken to get
urgent and important projects
initiated.
https://www.iqxbusiness.com/capex-solution/capital-expenditure-requests/
Learn how to integrate your
Capex Requests today!
www.iqxbusiness.com