Why do project owners often assume best-case scenarios when building their Capex forecasts? And why, even when results have proven to be too optimistic in the past, do they continue to have biased forecasts?
The answers to questions like these lie in an emerging discipline called corporate behavioral finance. If you have a meaningful Capex budget, it’s something you definitely should learn more about.
Watch this if you want your capital to be on its best behavior
About Finario
From the smallest Capex request to the largest project, Finario’s enterprise capital planning & portfolio management solution gives finance and operation teams the data, insight and control necessary to drive higher returns on invested capital. Establishing a single-source of truth for Capex on our cloud platform extends financial process synchronization and value creation across the wider enterprise.
“Finario’s automated, dynamic approval workflow was a great fit, and it provides the flexibility and visibility we need to handle our organizational complexity,”
“Finario’s Portfolios functionality [provides] us with strategic value in terms of improved planning. It will help us optimize our investment mix and grow as an organization."
"Capex is just too important to our business. Finario was the only system that had all the functions we wanted, and we really liked its ease of use.””