Capital Appropriations / Capital Budgeting

Organizations both large and small conduct capital budgeting processes for investments in new equipment, new buildings and renovations. The process itself incorporates regulatory and insurance requirements, project costs, project implementation time, anticipated results and exchange rates to determine revenue impact. As a result, many people are involved – project leaders, technical directors, financial directors, manufacturing directors, HR, quality control and divisional representatives from planning, property and risk, and logistics. In many cases sign-off is required from the Group CFO, Divisional CFO and CEO. Some documents require up to 20 signatures depending on the money involved. Being a highly paper-based process, items are often lost, misplaced or never passed on.

Considering capital budgeting brings together a variety of people, systems, paper and approvals, many large organizations (manufacturers, utilities, universities) have chosen to streamline it with BizFlow® BPM.

Capital appropriations, capital budgeting scenarios include:

• New equipment
• New buildings and renovations
• Leasing
• IT purchases
• Big ticket purchases

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• Business Value
• Quotes

• Controls expenditures and expectations by knowing exactly what has been spent on a project-by-project basis
• Accelerates cash collection by proactively identifying and removing barriers to payment before becoming overdue
• Resolves issues quickly by tracking overall customer behavior and involving key account managers, quality control and logistics in the process
• Crown Europe has reduced the time to process capital appropriations from six weeks to seven days. In some cases the company can complete the entire process in one day.

How do you want to automate your business processes? Contact us today.