An efficient and thoughtful capital expenditure authorization process is a cornerstone of sound cost control and can ensure that precious capital is put to the best possible use. Too often though, it’s a tiresome “box checking” exercise that fails to impact capital investment results as desired.
Unlock the collective wisdom of your organization and see that it is efficiently applied:
- Automate manual processes
- Standardize request preparation
- Ensure timely and accurate approval routing
- Minimize unproductive communication & email
- Track capital expenditure request status
Finario’s Capital Request & Approval application features:
- Investments – Establish one home for each capital project’s data and discussion.
- Rationale – Enter the investment’s business justification and alternatives.
- Cost estimation – Build cost lists in whatever level of detail you require.
- Content management – Upload project related files for easy access and retrieval.
- Asset disposition – Track the sale, transfer and retirement of replaced assets.
- Workflow – Route Capex requests automatically using dynamic authorization rules.
- Notifications – Generate automatic notifications of pending approvals by email.
Make sure capital projects are authorized properly, expeditiously and in compliance with your organization’s capital investment and audit policies. Request a Finario demo today.