Capex Approval Solution

Enterprise Capex Approval Automation

An efficient and thoughtful capital expenditure approval process is a cornerstone of sound cost control and can ensure that precious capital is put to the best possible use. Too often, however, approving capital projects becomes a tiresome “box checking” exercise that ultimately fails to impact capital investment results as desired. Finario’s platform provides an intelligent and effective means of standardizing the Capex approval process by centralizing workflows and automating formerly manual processes.

Core Capex Approval Application Functions

Investments

Establish one home for each project’s data and discussion.

Cost Estimation

Build cost lists in whatever level of detail you require.

ROI / Benefits

Automatically calculate ROI metrics, build ROI models and more.

Approval Workflow

Route Capex requests with dynamic authorization rules.

Spend Analytics

Report on capital expenditure across multiple dimensions.

D-I-Y Admin

Do-it-yourself without having to bother IT or pay outside consultants.

Automate the capex approval process with Finario

Finario Converge delivers unparalleled Capex decision making.

Real-Time Capital Budget Context. Unparalleled Approval Decision Making.

With Finario Converge, organizations can now leverage Finario’s capital and portfolio management platform to generate precise answers in real-time to age-old questions such as: Where do we stand against budget? Do we have the funds to do this investment? And lastly, how does this project compare to the others awaiting approval this year?

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EXECUTIVE BRIEFING

The Keys to Successful Capital Investment Authorization

Approving the portfolio of Capex proposals which will make the maximum aggregate contribution to the company’s strategic objectives and enterprise value is critically important. In this briefing, Finario explores how effective approval processes can be implemented via upfront investment planning and thorough project development.

Read the Briefing

 

The Cornerstone of Cost Control

Finario’s cloud-based platform signifies a paradigm shift for Capex approval by enabling your organization to make informed approvals through a streamlined process that:

  • Automates manual processes
  • Standardizes request preparation
  • Ensures timely and accurate approval routing
  • Minimizes unproductive communication and email
  • Tracks capital expenditure request status

It’s time to optimize your cost control workflow and unlock the collective wisdom of your organization by leveraging Finario’s innovative Capex approval solution.

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Streamline the capex approval process across the enterprise

Explore More Capex Solutions

Capital Budgeting

Capital Budgeting

Our capital budgeting application allows you to gain greater visibility into your budgets in real-time and allocate capital with confidence.

Project Forecasting

Project Forecasting

Easily forecast your capital projects and manage actuals with greater frequency without having to hunt for payments within your ERP.

Performance Review

Performance Review

Develop a formal post-completion review process to identify opportunities for improvement throughout every stage of the Capex lifecycle.

Request a Demo of Finario’s Capex Approval Solution

Contact us today to find out how Finario can help your organization streamline the Capex approval process.

Request a Demo