Strategies & Trends in Capital Allocation in the Manufacturing Industry
FP&A’s role in manufacturing is increasingly focused on finding efficiencies while improving revenue and profitability across the entire company. As such, facing cash flow pressures in 2021, organizations were compelled to revisit and reevaluate their Capex projects. Now, again in 2022, as myriad forces impact supply and demand, companies once again have to determine […]
With Continued Support of K2 Uncertain, It’s Time to Re-Evaluate Your Capex Workflow Automation
Some companies that have their Capex workflow automation on the K2 platform have voiced concerns regarding its future viability following its acquisition by Nintex. Is yours one of them? Every situation can be different, of course, though the importance of full vendor support for an important technology platform cannot be understated. After all, most on-premise […]
10 Aha Moments You’ll Experience with a True Capex Approval Workflow System
Whether your approval workflow process today is manual, or utilizes a generic workflow solution such as Sharepoint, you’re not likely to stop what you’re doing at any point in the day and think to yourself: wow, that was really great. Quite the opposite: if you’re like most organizations with meaningful Capex budgets, your approval workflow (or […]
ESG + Capex: Where Do We Go From Here?
It should come as no surprise that ESG (environmental, social and governance) issues are top of mind for Board of Directors, CEOs, CFOs, Financial Planning & Analysis Teams and other line of business and finance and accounting leaders: Back in May, an activist hedge fund shocked Wall Street in securing three seats on the Exxonmobil […]
Change, Challenges, and the Food Industry
It has been a trying year and a half. And while some industries have been hit harder than others, the food & beverage and food service industries are continuing to see challenges that will likely continue for months, if not years. Among these challenges: According to Business Insider, four million Americans quit their jobs in April — […]
Seven Ways to Improve Capex Forecast Accuracy
We all know things rarely go 100% as planned. It’s why, though you start with a budget, you know full well that once the real world of actually conducting business, contracting with vendors, and scheduling labor starts, you’ll need to make updates. That’s why we need a forecast, both from a micro and macro perspective. […]
Capital Planning in a Time of Rising Rates and Inflation
Like it or not, the question isn’t if we will see increased inflation and interest rates but how high they will go and how long will it last. Their causes and contributions to the current environment are many: Covid-19 and related disruptions in the productivity of businesses, labor shortages, pent up demand that is straining […]
Capex vs. Opex Software Solutions: How Different Are They?
Understanding the difference between Capex and Opex software starts with the basics: At the highest level, Opex is an expense required for the day to day operation of a company, while Capex is an expense incurred to create a benefit in the future. But operating expenses (Opex) and capital expenses (Capex) are treated quite differently […]
FP&A From the Frontlines: Overcoming Obstacles to Capex Post-Completion Reviews
Here’s a conversation with Finario’s own Mike Evans on why post-completion reviews are so important, and how to get them implemented based on his senior finance experience working with a multinational industrial company and leading consultancy/advisory brand. When we think about post completion reviews and continuous improvement, what — from your perspective — are the […]
Capital Planning Software in the Modern Finance Stack: What it is and Why You Need It
ERP, EPM, PPM, BPM, ECP, ECM: When it comes to the software essential to the “digital transformation” of the corporate finance department, discerning between them all can be far from “EZ.” Aside from sorting through a jumble of Es, Ps, and Ms, there is some overlap and “gray area” in their use cases. This is particularly true […]