Streamline your CapEx Approval Process and Improve Compliance
CapEx Approvals are critical to the operation and growth of your organization. Integrify is the only workflow and approval software that allows users to easily define, build, and publish customized capital expenditure request processes. Have a new, customized CapEx approval process up and running within weeks, not months. Use one of our CapEx approval templates to get a headstart on automating your process.
Benefits of Automating CapEx Approval Workflow
Reduce request, review, and approval time
Streamline and standardize processes across multiple cost centers/geographies
Eliminate error-prone manual or spreadsheet systems
Compare planned spend vs. actual spend
Provide a clear and complete audit trail of all activities
Analyze and report on process performance
Identify approval process bottlenecks
Share CapEx data with existing Finance, ERP, and other enterprise systems
Collaborate with key personnel during the approval process
Enable regulatory and organizational compliance
How Integrify Manages CapEx/AFE Approvals
Below is an example of a fairly simple CapEx Approval Process. Note the multi-step approval process from facility to CFO to CEO. Your process could involve even more steps/logic than this.
Below is an example of a forecasting report built in Integrify and tied to the previous process. Reports can include calculations and refer to tables or existing enterprise finance software.
Integrify has worked with some of the largest companies in the world to develop sophisticated CapEx and AFE processes that have transformed manual, outdated processes into streamlined, audit-friendly workflows. Our software allows organizations (or our experienced service team) to build custom, automated processes that support your unique way of working, rather than trying to shoehorn you into a pre-built solution.
We have a template for that! Get a headstart on automating your CapEx Process with our CapEx process template. Just import the template, customize, and launch your new process.