Process on-line CapEx/AFE approvals and routing, and reduce total approval time by up to 30%.
Using capital expenditure request forms to ensure compliant financial information is captured can greatly reduce errors and increase approval cycles. However, simply capturing information in Excel templates, paper forms or by other manual means can become a drain on time and resources for most organizations, especially if CapEx request volume is high.
By using Integrify's Workflow Management software, our clients have significantly improved Capital Expenditure (CapEx) request management processes within their organizations, allowing them to process online approvals and routing, and reduce the total approval time by up to 30%.
In addition, finance executives are able to better track CapEx requests and capital spending patterns because all request data is captured in a central location and fully-auditable and exportable to outside reporting systems.