Three Common Hurdles to Implementing Capex Automation and How to Overcome Them

The concept of digital transformation of finance has become such a hot-button issue. With so many varying takes on the topic, it’s no surprise that many organizations struggle with building their roadmap. This can be particularly true when it comes to Capex automation. Conventional wisdom suggests that Capex automation is a “no-brainer” given the role […]

An Engineer’s Guide to Capex Automation

You’ve thought through every detail and have full confidence that the solution you’re proposing is right for the business challenge or need at hand. But it doesn’t get approved for funding. What happened? The answer can be complex. But it starts with the recognition that engineering projects and financial decisions are inexorably tied together. So […]

Zero-Based Budgeting: Making the Case for Starting With Capex

It is a concept that’s been around for more than 50 years, yet periodically re-emerges as a “trending topic.” This is one of those times. I’m referring to zero-based budgeting (ZBB) — an approach Harvard Business Review characterized as being “elegantly logical.” At its core, ZBB dictates that every expense be justified individually for each […]