Finario provides the first cloud native enterprise Capital Planning & Control solution. Our easy-to-use SaaS application helps organizations improve the efficiency and effectiveness of capital planning & budgeting, investment approval and cost tracking & forecasting. Finario provides the real-time decision support and tight electronic audit trail that spreadsheets cannot without the risk or cost of custom development.
The company was founded in 2011 by a group of seasoned finance executives to help organizations streamline and standardize the typically arduous task of planning and efficiently carrying out a large scale capital investment program. Total capital investment by businesses in the United States approaches $2 trillion annually; about 7% of revenue for the average company.
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 investment which spans multiple business functions. As a result, most larger companies have opted to develop custom Capex applications while smaller organizations have been forced to rely on spreadsheets.
Our mission is to provide an affordable, best-of-breed Capex solution that will help companies improve their capital planning effectiveness and achieve their capital investment goals. Finario is privately-held with headquarters in Stamford, Connecticut.