Faster Approvals
Faster approvals translate into benefits starting sooner on those cost savings and growth projects.
- Capex360™ can easily reduce your approval time by 1 month compared to the Excel Spreadsheet tracking method and this could lead to tremendous benefits.
- For example, a 100-Million-dollar budget with a modest return of 5% per year could lead to $400,000 in savings if this project started 1 month earlier.
Stop unauthorized spending
Capex360™ highlights and eliminates unauthorized spending for a 0.1% cost savings. Capital tracking is essential since it makes business operations, employees, and processes measurable.
Example, $100 Million of CapEx spend per year equates to $100,000 in losses.
Ease of use
Free up that time for other tasks. By replacing spreadsheets and email CapEx requests with a fully integrated and user-friendly CapEx Software, resource utilization and CapEx execution could be increased, and the business would have better visibility thanks to real-time financial metrics, enabling it to make the best portfolio investment decisions.
Eliminate your Excel tracking spreadsheet and its administration burden.
Savings on administration is estimated at $20,000 per 100 Million annually.
Budget Effectively
CapEx planning gives businesses more insight into whether to accelerate or delay spending. CapEx budgeting is essential to business growth, and projects like opening additional stores and buildings, as well as capital expenditures for things like furniture and computers, need to be carefully considered before moving forward. All stakeholders must participate since large expenses have a significant impact on cash flow.
Capex360™ helps you chose projects by giving you good visibility into the backlog of projects competed for consideration.
Even an improvement of just 0.1 % per 100 million of capex budget translates to a savings of $100,000 per year.
ERP Integration
ERP Integration and get a single source of the truth. That Value is Priceless.
Thankfully, the majority of ERP systems offer integration, which enables specialized Capex software like CapEx360™ to extract data and provide customers with a best-of-breed solution. By utilizing their ERPs to provide the actuals and commitments for each project while maintaining proper controls, customers can easily manage the complex CapEx lifecycles within their policies. This is done by using an ERP with CapEx360™.
In summary,
Every $100 Million of annual capex spending can lead to losses of
400,000 + 100,000 + 20,000 + 100,000 = $620,000 every year.
This is very conservative and translates to a 0.62% of your annual capex budget.
Capex360™ capital management software is a powerful tool that helps organizations to better manage their capital expenditures, streamline the approval process, and meet compliance requirements.
