What to do when finance and operations aren’t on the same page. Everyone’s trying to do the right thing. Finance wants to deploy capital wisely, and operations wants to keep
Why every industrial company needs a Capex Council You can tell a lot about a company by how it allocates capital. For example: Is it outperforming its peers? Can it
The AFE (authorization for expenditure) process is notoriously complex. It often involves input from various stakeholders across a wide range of departments, and approvals can take months to turn around.
Capex approval workflow processes go by many different names, and getting a handle on the alphabet soup of acronyms can be dizzying. Capital Expenditure Authorizations (CEAs), Capital Expenditure Requests (CERs),
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
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
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
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
Two ways to enhance the capital expenditure approval process The capital expenditure approval process should serve as the cornerstone of capital investment cost control, but in reality it can be
For Effective Capex Approvals, Context is King Organizations of all sizes commonly suffer from a lack of project context when they set out to optimize their portfolio of capital investments.