Elevating Your Approach to Capex: From Project Focus to Portfolio Management

As the manufacturer of a product, it takes many inputs to produce a good for sale: materials, labor, and capital equipment. You have a system to track labor by job. Your job costing system tracks material usage against standards and notes variances. But are you tracking Capex spend? Do you know the status of your […]

Beyond Budgeting: How EPM Solutions Stack Up for Capex

Let’s get right to the point: you wouldn’t want to go into a battle blindfolded … and if making better capital allocation decisions is a priority at your company, you can’t count on an Enterprise Performance Management (EPM) system to enable you to do so. That’s not to say that EPM software doesn’t have a […]

FP&A From the Frontlines: Nonstandard Reporting in an Ever-Changing Environment

There are some axioms in financial management you simply can’t violate no matter how smart or how good you are. For instance: when it comes to FP&A reporting, you may want fast, accurate and cheap, but you can only pick two. Of the three, in my experience, the only “non-negotiable” choice among them is “accurate.” […]