Why prioritizing Capex projects is more challenging than ever before
Prioritizing Capex projects is more challenging than ever before. Here’s why. You’ve got multiple projects competing for finite funds … and your approval. Some align particularly well with your organization’s ESG strategy. Others have outsized ROI potential … but could take several years to materialize. And there are those favored by a team whose product […]
“Capital activism” in action: How rolling forecasts fuel strategic capital allocation
“Capital activism” in action: How rolling forecasts fuel strategic capital allocation Capital activists – enterprise stakeholders who take an “always on” approach to allocating and managing capital – unlock 2.5% more value than their peers, yet just 17% of organizations exhibit the key traits of a capital responsive strategy, according to Gartner. One culprit? Traditional […]
Deep Dive: A Capital Planning Executive’s Perspectives on Trends in the Manufacturing Industry
Deep Dive: A Capital Planning Executive’s Perspectives on Trends in the Manufacturing Industry With 2024 in full swing, here’s a snapshot of the trends manufacturing executives expect will shape the rest of the year. The continued rise of smart factories Of the many innovations that characterize Industry 4.0, none are more impactful than smart factories. […]
How Manufacturing Execution Systems and Capital Planning Software Work Hand in Hand in the Modern Enterprise
How Manufacturing Execution Systems and Capital Planning Software Work Hand in Hand in the Modern Enterprise It’s safe to say, the plant floor isn’t what it used to be. With their robotics and data-dependent systems, modern factories have taken on a whole new look. Described as Industry 4.0, 86% of manufacturing executives “believe that smart […]
Strategically-aligned Capex: A critical piece of an organization’s enterprise architecture
Strategically aligned Capex: A critical piece of an organization’s enterprise architecture. It’s easy to get caught up in the next big thing in enterprise tech. But even more important than implementing the latest and greatest technology is ensuring that all of your applications work well together. That’s the core idea behind the concept of Enterprise […]
Applying principles of continuous improvement to Capex management: an operations and engineering perspective
Applying principles of continuous improvement to Capex management: an operations and engineering perspective Whether embracing the Japanese concept of ‘kaizen’ or the process optimization strategy Lean Six Sigma, continuous improvement is a common denominator among top-tier businesses. Winners of last year’s Business Transformation & Operational Excellence (BTOES) Industry Awards exemplify these concepts in action, showcasing […]
What to consider when evaluating enterprise finance software in 2024
What to consider when evaluating new finance software in 2024 CFOs are embracing a new mandate to go beyond cost savings and add more value to their organizations in 2024. Finance stack upgrades are at the top of their agenda as they embrace a more strategic, technology-focused role. But deciding which software platforms to implement […]
Improving the Capex Project Selection Process for Leaders in Operations and Engineering
Improving the Capex Project Selection Process for Leaders in Operations and Engineering When it comes to capital project selection, operations and engineering teams are focused on getting their well-vetted proposals approved and funded quickly so work can get started. Yet a number of obstacles—including winding approval chains, departmental silos, and inconsistent data—often obstruct collaboration between […]
The Top Trends in 2024 for Capex Stakeholders in Finance and Operations
The Top Trends in 2024 for Capex Stakeholders in Finance and Operations With the new year around the corner, here’s a sneak peak at the trends we expect to shape 2024 based on expert predictions and conversations with customers: Finance will catch up to other departments in AI deployment While generative AI was the technology […]
ESG & The Capex Connection: What recent changes mean for leaders in finance and operations
ESG & The Capex Connection: What recent changes mean for leaders in finance and operations The implications of environmental, social, and governance (ESG) policy moves at a breakneck pace, and it can be challenging for capital allocators to stay up to date. That’s why, about a year ago, we hosted a webinar covering the latest […]