Finario provides the first cloud native enterprise Capital Expenditure Management solution. Our easy-to-use SaaS application helps organizations save time, improve communication, increase visibility and control costs.
The company was founded in 2011 by a group of seasoned finance and technology executives to help companies streamline and standardize the management of capital expenditures. The effort required to effectively catalog, budget, review, authorize and track capital projects is considerable. The failure to do so efficiently imposes a high cost, not only in terms of lost productivity, but also in operational delays, cost overruns, missed opportunities and a sub-optimal allocation of capital that ultimately reduces a company’s long-term growth rate and profitability.
By its very nature, capital budgeting decisions are strategic and the studies show clear linkage between successful investing and corporate growth and profitability. Nevertheless, most enterprise software has been designed and implemented as functional modules and thus is not well suited to manage an end-to-end process like capital expenditure which spans multiple business functions. As a result, prior to Finario, most larger companies were forced to develop custom Capex applications while smaller organizations got by with spreadsheets. Finario provides the real-time decision support and tight electronic audit trail that spreadsheets cannot without the risk or cost of custom development.
Our mission is to help companies improve their capital expenditure efficiency and investment effectiveness by providing a best-of-breed Capex solution for an affordable cost. Finario is privately-held with headquarters in Stamford, Connecticut.