This Slideshare lists 15 common business issues faced by managers that are drivers for an upgrade of your SAP Capital Investment (CAPEX) system. The effective allocation of limited financial resources is one of the most important responsibilities of management. Yet many executives complain that this vitally important business process is not well supported by their current IT systems.
Firstly, the annual budgeting process is painful. Managers are faced with funding requests from all directions and are consistently: classifying, fairly evaluating, and prioritizing these investment proposals. This is a stressful and often manually intensive process, invariably involving the exchange of multiple versions of spreadsheets. Through a series of stakeholder meetings and board presentations, the budget is finally approved.
This annual budget is then the responsibility of management to steward responsibly. This is where the second challenge arises: nothing ever goes exactly to plan. During the year, actual capital expenditure requests must be linked and reconciled against this approved CAPEX budget. This process is further complicated by trying to compare and prioritize competing initiatives that deliver value, all within the hard CAPEX budget constraint and in accordance with delegation of authority and procurement policies.
Thirdly, once initiatives are approved, the process of ensuring execution to budget and realization of purported benefits typically relies heavily on inefficient and high-risk manual processes.
A business case is an argument, usually documented, that is intended to convince a decision maker to approve some kind of action. The document itself is sometimes referred to as a business case.
In this presentation, i am taking sequencial information from various PPT's and from PMBOK also. So it is very effective & knowledgeable for Engineering & MBA Students. Thankyou
Project management is the use of specific knowledge, skills, tools, and techniques to deliver something of value to people. ... Leading these projects are Project Professionals—people who either intentionally or by circumstance are asked to ensure that a project team meets its goals.
A business case is an argument, usually documented, that is intended to convince a decision maker to approve some kind of action. The document itself is sometimes referred to as a business case.
In this presentation, i am taking sequencial information from various PPT's and from PMBOK also. So it is very effective & knowledgeable for Engineering & MBA Students. Thankyou
Project management is the use of specific knowledge, skills, tools, and techniques to deliver something of value to people. ... Leading these projects are Project Professionals—people who either intentionally or by circumstance are asked to ensure that a project team meets its goals.
In this file, you can ref useful information about performance appraisal project such as performance appraisal project methods, performance appraisal project tips, performance appraisal project forms, performance appraisal project phrases … If you need more assistant for performance appraisal project, please leave your comment at the end of file.
PMP - Project Initiation Template for ProfessionalsDaniel_Mccrea
WHAT
--------------
A helpful guide for Project Management Professionals who are at the beginning of their projects in 'Project Initiation'.
FOR
--------------
Written in plain English for use in the real world (not just for study). If you're a professional who's rusty on Initiation or have fallen into bad habits - this guide will remind you what questions to ask,...and why!
BY
--------------
Daniel Mccrea a PRINCE2(R) and PMP(R) certified Project Manager specialising in online Software/ & Content Delivery.
Visit me here:
ie.linkedin.com/in/danielmccrea/
In this file, you can ref useful information about performance appraisal project report such as performance appraisal project report methods, performance appraisal project report tips, performance appraisal project report forms, performance appraisal project report phrases … If you need more assistant for performance appraisal project report, please leave your comment at the end of file.
This presentation explains the basics of a Project Management Framework (PMF). Why you need one, what the basic phases are, and goals/activities of each phase.
Case Study for Project Management System Using SharepointMike Taylor
Project Management System Using Sharepoint Focusing on Employee Data Management vth SSRS integration, SQL Reporting tool integration, task management and BI Implementation.
Identification of all areas contributing to problems and determining scope of projects are challenges for many organizations. A method to improve the outcomes can help reduce risk - find out how!
How a Leader in the Manufacturing and Recycling Industry Enhanced Capital Bud...Stratex Online
Our client, in recycling and manufacturing, faced complex business case development and approval challenges, involving various departments and diverse stakeholders. Creating a strong business case required cooperation among different departments, each with its own viewpoints and priorities often leading to delays and conflicts.
This case study examines how our client overcame these challenges, improving Capex approval efficiency, boosting decision-making confidence, and align strategic goals.
Read more here: https://www.stratexonline.com/case-studies/effective-capital-budgeting/
In this file, you can ref useful information about performance appraisal project such as performance appraisal project methods, performance appraisal project tips, performance appraisal project forms, performance appraisal project phrases … If you need more assistant for performance appraisal project, please leave your comment at the end of file.
PMP - Project Initiation Template for ProfessionalsDaniel_Mccrea
WHAT
--------------
A helpful guide for Project Management Professionals who are at the beginning of their projects in 'Project Initiation'.
FOR
--------------
Written in plain English for use in the real world (not just for study). If you're a professional who's rusty on Initiation or have fallen into bad habits - this guide will remind you what questions to ask,...and why!
BY
--------------
Daniel Mccrea a PRINCE2(R) and PMP(R) certified Project Manager specialising in online Software/ & Content Delivery.
Visit me here:
ie.linkedin.com/in/danielmccrea/
In this file, you can ref useful information about performance appraisal project report such as performance appraisal project report methods, performance appraisal project report tips, performance appraisal project report forms, performance appraisal project report phrases … If you need more assistant for performance appraisal project report, please leave your comment at the end of file.
This presentation explains the basics of a Project Management Framework (PMF). Why you need one, what the basic phases are, and goals/activities of each phase.
Case Study for Project Management System Using SharepointMike Taylor
Project Management System Using Sharepoint Focusing on Employee Data Management vth SSRS integration, SQL Reporting tool integration, task management and BI Implementation.
Identification of all areas contributing to problems and determining scope of projects are challenges for many organizations. A method to improve the outcomes can help reduce risk - find out how!
How a Leader in the Manufacturing and Recycling Industry Enhanced Capital Bud...Stratex Online
Our client, in recycling and manufacturing, faced complex business case development and approval challenges, involving various departments and diverse stakeholders. Creating a strong business case required cooperation among different departments, each with its own viewpoints and priorities often leading to delays and conflicts.
This case study examines how our client overcame these challenges, improving Capex approval efficiency, boosting decision-making confidence, and align strategic goals.
Read more here: https://www.stratexonline.com/case-studies/effective-capital-budgeting/
Industrial Restructuration Avoiding the M&A Nightmare.Datonix.it
Many sectors face overcapacity with shrinking markets and margins and hyper competition. This prompts cost cutting and a frenzy of mergers and acquisitions (M&A). Stakeholders seek to drive ROI and maximizing future financial shareholder valuations.
However, when looking underneath the M&A “engine hood”, most mergers fail to add value
Digital Transformation as a Service!
EA-Driven Enterprise Digital Transformation with BLUEPRINT framework
This presentation introduces the BLUEPRINT Framework, a practical and pragmatic, proven and tested framework and methodology to plan, manage, and execute Digital Transformation at organnizations.
Jeffery Leu | Asset Management - Conserve Cash as well as Boost ProductivityJefferyLeu
Jeff was responsible for all activities in loan portfolio acquisitions, real estate, high yield debt and special opportunities. Under Jeff, the Value Investment Group activities grew from less than $50 million in assets to over $10 billion in assets, consistently exceeding 20% annual returns. In 2007 Value Investment raised its first global third party fund with over $5 billion in institutional capital.
GRA - Scenario Planning: Addressing a Capability Gap Affecting Industry Compe...Rebecca Manjra
Exponential population and technology growth is occurring at a rate never before seen in history. Together, these forces have created the data driven world we live in. The business landscape has become more competitive and complex given the increased level of capability required to scale, evolve and rapidly gain market share; shortening the business maturity lifecycle.
A critical success factor to survival and succeed in both nature and business is the ability to learn and implement quickly – to adapt and evolve. By reducing the time it takes for your business to know what’s happening, learn what is needed for success and implement, you can outpace your competitors and capture new opportunities.
Today, there is an imperative to turn the vast seas of data into information, something useable which drives insights and enables us to make decisions which optimally utilise assets and resources. In operational speak, this entire process is enabled by excellence in Scenario Planning.
This presentation covers the relevancy of Scenario Planning today including an analysis of the stages of S&OP maturity as well as a case study with Simplot, a leading Australian food manufacturer and a leader in S&OP maturity and Scenario Planning.
How Finance is driving growth in the Digital Age via OpenTextOpenText
In the digital age, finance business processes are shifting from batch to real-time, retrospective to predictive, and internally-focused to customer-centric. Innovative companies can drive growth by focusing on the revenue stream from an outside-in perspective. Learn more from OpenText at http://www.opentext.com/campaigns/rundigital/digitize-business/sap-finance/sap-finance-wod
Scenario planning: addressing a capability gap affecting industry competitive...Charles Edwards
Exponential population and technology growth is occurring at a rate never before seen in history. Together, these forces have created the data driven world we live in. The business landscape has become more competitive and complex given the increased level of capability required to scale, evolve and rapidly gain market share; shortening the business maturity life cycle.
A critical success factor to survival and succeed in both nature and business is the ability to learn and implement quickly – to adapt and evolve. By reducing the time it takes for your business to know what’s happening, learn what is needed for success and implement, you can outpace your competitors and capture new opportunities.
Today, there is an imperative to turn the vast seas of data into information, something usable which drives insights and enables us to make decisions which optimally utilise assets and resources. In operational speak, this entire process is enabled by excellence in Scenario Planning.
This white paper covers the relevancy of Scenario Planning today, an analysis of the stages of S&OP maturity and a case study on Simplot, a leading Australian food manufacturer with mature S&OP and Scenario Planning capabilities.
PDF available here: http://www.gra.net.au/uploads/resource/129-GRA-Scenario-Planning-White-Paper.pdf
Spreadsheet errors costed $6.2 Billion loss for JPMC…. Barclays had to purchase 179 toxic deals they never wanted in the first place and At the London 2012 Olympics, a staffer had a one-key-stroke error when entering the number...
Commercial risk management and contracting good practice. Digital, automated assistance for you to manage your business
econsys is a SaaS platform hosted on the cloud providing commercial management good practice governance, in-built automated risk management and compliance.
Designed for specialist contracting businesses to control and manage end to end core commercial processes, econsys is built upon the premise of best practice and has been developed to directly address real issues and concerns experienced by real companies.
Example of a designed Brochure. Worker Ant design specialises in converting agency artwork into perfect MS Office templates. We also design presentations and Word documents.
Technology project executions rank high on CFOs’ most worrisome risks and enterprise resource planning system (ERP) projects are among them. Surveys regularly show that a significant number of strategic ERP projects fail to deliver expected outcomes, are delayed, and exceed budgets by a long shot. While most companies avoid catastrophic ERP failures, only a few wring out the most value. For top management, failing to deliver a strategic priority is rarely an option. Given a mature ERP solutions market place and mostly competent ERP installers, why do organizations frequently stumble?
Application Rationalization is a fairly standard process comprising of an end-to-end analysis of the application portfolios in each domain, identifying the overlapping functionalities, unused applications and bottlenecks in systems.
Similar a SAP Investment Management Systems - 15 Indications that you need an Upgrading (20)
We describe the deployment and use of Globus Compute for remote computation. This content is aimed at researchers who wish to compute on remote resources using a unified programming interface, as well as system administrators who will deploy and operate Globus Compute services on their research computing infrastructure.
First Steps with Globus Compute Multi-User EndpointsGlobus
In this presentation we will share our experiences around getting started with the Globus Compute multi-user endpoint. Working with the Pharmacology group at the University of Auckland, we have previously written an application using Globus Compute that can offload computationally expensive steps in the researcher's workflows, which they wish to manage from their familiar Windows environments, onto the NeSI (New Zealand eScience Infrastructure) cluster. Some of the challenges we have encountered were that each researcher had to set up and manage their own single-user globus compute endpoint and that the workloads had varying resource requirements (CPUs, memory and wall time) between different runs. We hope that the multi-user endpoint will help to address these challenges and share an update on our progress here.
Climate Science Flows: Enabling Petabyte-Scale Climate Analysis with the Eart...Globus
The Earth System Grid Federation (ESGF) is a global network of data servers that archives and distributes the planet’s largest collection of Earth system model output for thousands of climate and environmental scientists worldwide. Many of these petabyte-scale data archives are located in proximity to large high-performance computing (HPC) or cloud computing resources, but the primary workflow for data users consists of transferring data, and applying computations on a different system. As a part of the ESGF 2.0 US project (funded by the United States Department of Energy Office of Science), we developed pre-defined data workflows, which can be run on-demand, capable of applying many data reduction and data analysis to the large ESGF data archives, transferring only the resultant analysis (ex. visualizations, smaller data files). In this talk, we will showcase a few of these workflows, highlighting how Globus Flows can be used for petabyte-scale climate analysis.
Custom Healthcare Software for Managing Chronic Conditions and Remote Patient...Mind IT Systems
Healthcare providers often struggle with the complexities of chronic conditions and remote patient monitoring, as each patient requires personalized care and ongoing monitoring. Off-the-shelf solutions may not meet these diverse needs, leading to inefficiencies and gaps in care. It’s here, custom healthcare software offers a tailored solution, ensuring improved care and effectiveness.
OpenMetadata Community Meeting - 5th June 2024OpenMetadata
The OpenMetadata Community Meeting was held on June 5th, 2024. In this meeting, we discussed about the data quality capabilities that are integrated with the Incident Manager, providing a complete solution to handle your data observability needs. Watch the end-to-end demo of the data quality features.
* How to run your own data quality framework
* What is the performance impact of running data quality frameworks
* How to run the test cases in your own ETL pipelines
* How the Incident Manager is integrated
* Get notified with alerts when test cases fail
Watch the meeting recording here - https://www.youtube.com/watch?v=UbNOje0kf6E
Code reviews are vital for ensuring good code quality. They serve as one of our last lines of defense against bugs and subpar code reaching production.
Yet, they often turn into annoying tasks riddled with frustration, hostility, unclear feedback and lack of standards. How can we improve this crucial process?
In this session we will cover:
- The Art of Effective Code Reviews
- Streamlining the Review Process
- Elevating Reviews with Automated Tools
By the end of this presentation, you'll have the knowledge on how to organize and improve your code review proces
AI Fusion Buddy Review: Brand New, Groundbreaking Gemini-Powered AI AppGoogle
AI Fusion Buddy Review: Brand New, Groundbreaking Gemini-Powered AI App
👉👉 Click Here To Get More Info 👇👇
https://sumonreview.com/ai-fusion-buddy-review
AI Fusion Buddy Review: Key Features
✅Create Stunning AI App Suite Fully Powered By Google's Latest AI technology, Gemini
✅Use Gemini to Build high-converting Converting Sales Video Scripts, ad copies, Trending Articles, blogs, etc.100% unique!
✅Create Ultra-HD graphics with a single keyword or phrase that commands 10x eyeballs!
✅Fully automated AI articles bulk generation!
✅Auto-post or schedule stunning AI content across all your accounts at once—WordPress, Facebook, LinkedIn, Blogger, and more.
✅With one keyword or URL, generate complete websites, landing pages, and more…
✅Automatically create & sell AI content, graphics, websites, landing pages, & all that gets you paid non-stop 24*7.
✅Pre-built High-Converting 100+ website Templates and 2000+ graphic templates logos, banners, and thumbnail images in Trending Niches.
✅Say goodbye to wasting time logging into multiple Chat GPT & AI Apps once & for all!
✅Save over $5000 per year and kick out dependency on third parties completely!
✅Brand New App: Not available anywhere else!
✅ Beginner-friendly!
✅ZERO upfront cost or any extra expenses
✅Risk-Free: 30-Day Money-Back Guarantee!
✅Commercial License included!
See My Other Reviews Article:
(1) AI Genie Review: https://sumonreview.com/ai-genie-review
(2) SocioWave Review: https://sumonreview.com/sociowave-review
(3) AI Partner & Profit Review: https://sumonreview.com/ai-partner-profit-review
(4) AI Ebook Suite Review: https://sumonreview.com/ai-ebook-suite-review
#AIFusionBuddyReview,
#AIFusionBuddyFeatures,
#AIFusionBuddyPricing,
#AIFusionBuddyProsandCons,
#AIFusionBuddyTutorial,
#AIFusionBuddyUserExperience
#AIFusionBuddyforBeginners,
#AIFusionBuddyBenefits,
#AIFusionBuddyComparison,
#AIFusionBuddyInstallation,
#AIFusionBuddyRefundPolicy,
#AIFusionBuddyDemo,
#AIFusionBuddyMaintenanceFees,
#AIFusionBuddyNewbieFriendly,
#WhatIsAIFusionBuddy?,
#HowDoesAIFusionBuddyWorks
Understanding Nidhi Software Pricing: A Quick Guide 🌟
Choosing the right software is vital for Nidhi companies to streamline operations. Our latest presentation covers Nidhi software pricing, key factors, costs, and negotiation tips.
📊 What You’ll Learn:
Key factors influencing Nidhi software price
Understanding the true cost beyond the initial price
Tips for negotiating the best deal
Affordable and customizable pricing options with Vector Nidhi Software
🔗 Learn more at: www.vectornidhisoftware.com/software-for-nidhi-company/
#NidhiSoftwarePrice #NidhiSoftware #VectorNidhi
Innovating Inference - Remote Triggering of Large Language Models on HPC Clus...Globus
Large Language Models (LLMs) are currently the center of attention in the tech world, particularly for their potential to advance research. In this presentation, we'll explore a straightforward and effective method for quickly initiating inference runs on supercomputers using the vLLM tool with Globus Compute, specifically on the Polaris system at ALCF. We'll begin by briefly discussing the popularity and applications of LLMs in various fields. Following this, we will introduce the vLLM tool, and explain how it integrates with Globus Compute to efficiently manage LLM operations on Polaris. Attendees will learn the practical aspects of setting up and remotely triggering LLMs from local machines, focusing on ease of use and efficiency. This talk is ideal for researchers and practitioners looking to leverage the power of LLMs in their work, offering a clear guide to harnessing supercomputing resources for quick and effective LLM inference.
Need for Speed: Removing speed bumps from your Symfony projects ⚡️Łukasz Chruściel
No one wants their application to drag like a car stuck in the slow lane! Yet it’s all too common to encounter bumpy, pothole-filled solutions that slow the speed of any application. Symfony apps are not an exception.
In this talk, I will take you for a spin around the performance racetrack. We’ll explore common pitfalls - those hidden potholes on your application that can cause unexpected slowdowns. Learn how to spot these performance bumps early, and more importantly, how to navigate around them to keep your application running at top speed.
We will focus in particular on tuning your engine at the application level, making the right adjustments to ensure that your system responds like a well-oiled, high-performance race car.
AI Pilot Review: The World’s First Virtual Assistant Marketing SuiteGoogle
AI Pilot Review: The World’s First Virtual Assistant Marketing Suite
👉👉 Click Here To Get More Info 👇👇
https://sumonreview.com/ai-pilot-review/
AI Pilot Review: Key Features
✅Deploy AI expert bots in Any Niche With Just A Click
✅With one keyword, generate complete funnels, websites, landing pages, and more.
✅More than 85 AI features are included in the AI pilot.
✅No setup or configuration; use your voice (like Siri) to do whatever you want.
✅You Can Use AI Pilot To Create your version of AI Pilot And Charge People For It…
✅ZERO Manual Work With AI Pilot. Never write, Design, Or Code Again.
✅ZERO Limits On Features Or Usages
✅Use Our AI-powered Traffic To Get Hundreds Of Customers
✅No Complicated Setup: Get Up And Running In 2 Minutes
✅99.99% Up-Time Guaranteed
✅30 Days Money-Back Guarantee
✅ZERO Upfront Cost
See My Other Reviews Article:
(1) TubeTrivia AI Review: https://sumonreview.com/tubetrivia-ai-review
(2) SocioWave Review: https://sumonreview.com/sociowave-review
(3) AI Partner & Profit Review: https://sumonreview.com/ai-partner-profit-review
(4) AI Ebook Suite Review: https://sumonreview.com/ai-ebook-suite-review
Zoom is a comprehensive platform designed to connect individuals and teams efficiently. With its user-friendly interface and powerful features, Zoom has become a go-to solution for virtual communication and collaboration. It offers a range of tools, including virtual meetings, team chat, VoIP phone systems, online whiteboards, and AI companions, to streamline workflows and enhance productivity.
Atelier - Innover avec l’IA Générative et les graphes de connaissancesNeo4j
Atelier - Innover avec l’IA Générative et les graphes de connaissances
Allez au-delà du battage médiatique autour de l’IA et découvrez des techniques pratiques pour utiliser l’IA de manière responsable à travers les données de votre organisation. Explorez comment utiliser les graphes de connaissances pour augmenter la précision, la transparence et la capacité d’explication dans les systèmes d’IA générative. Vous partirez avec une expérience pratique combinant les relations entre les données et les LLM pour apporter du contexte spécifique à votre domaine et améliorer votre raisonnement.
Amenez votre ordinateur portable et nous vous guiderons sur la mise en place de votre propre pile d’IA générative, en vous fournissant des exemples pratiques et codés pour démarrer en quelques minutes.
Essentials of Automations: The Art of Triggers and Actions in FMESafe Software
In this second installment of our Essentials of Automations webinar series, we’ll explore the landscape of triggers and actions, guiding you through the nuances of authoring and adapting workspaces for seamless automations. Gain an understanding of the full spectrum of triggers and actions available in FME, empowering you to enhance your workspaces for efficient automation.
We’ll kick things off by showcasing the most commonly used event-based triggers, introducing you to various automation workflows like manual triggers, schedules, directory watchers, and more. Plus, see how these elements play out in real scenarios.
Whether you’re tweaking your current setup or building from the ground up, this session will arm you with the tools and insights needed to transform your FME usage into a powerhouse of productivity. Join us to discover effective strategies that simplify complex processes, enhancing your productivity and transforming your data management practices with FME. Let’s turn complexity into clarity and make your workspaces work wonders!
Navigating the Metaverse: A Journey into Virtual Evolution"Donna Lenk
Join us for an exploration of the Metaverse's evolution, where innovation meets imagination. Discover new dimensions of virtual events, engage with thought-provoking discussions, and witness the transformative power of digital realms."
4. GETPROJECTS
APPROVEDQUICKER
The most common frustration of all participants, at all stages of the process, is
delay. But this is not only a frustration, it is a real business cost that can be
calculated. Everyone who has submitted a CAPEX request understands the time
value of money: $100 today is worth more than $100 tomorrow.
Therefore, eliminating process bottlenecks and bringing forward positive NPV
projects will have a quantifiable net benefit to the bottom line: by increasing
sales, or reducing costs sooner. For essential asset replacement investments,
the costs of delay can be catastrophic. For time-sensitive strategic initiatives, the
opportunity costs can be severely career limiting.
TIMEVALUEOFMONEY
Many users complain about the lack of transparency of CAPEX approval
processes. An effective system should provide all participants with a clear
approval roadmap that is fully compliant with delegation of authority and
procurement policies. This transparency is greatly valued by both requesters as
well as approvers who should be able to review the previous approvals and
comments.
Process administrators should be relieved of the responsibility of chasing
approvals and responding to status update requests. Long email chains should
be replaced with conversation logs embedded in the request itself.
TRANSPARENCY
5. GETPROJECTS
APPROVEDQUICKER
A key contributor to delays in the process is difficulty tracing an investment
through its lifecycle. Most investments start as an idea, that gets budgeted (in
advance, or just in-time), gets managed through execution and results in an
asset being capitalized. Where the process is managed in multiple systems
and manual spreadsheets and emails, reconciliation of these initiatives is
time-consuming.
Managing all stages of the process in an integrated system can facilitate this
unique identification of requests and help streamline the end-to-end process.
END-TO-ENDTRACEABILITY
A common factor in approval bottlenecks is the inability for key decision
makers to interact with the process when out of office. It is the expectation of
modern managers to be able to access and provide their approval decision
from anywhere on any device.
All approval decisions including; wish-list submissions, annual budget
variations, individual CAPEX requests, reforecasts, and purchase orders
should be accessible and actionable in one list.
MOBILITY
7. Executive time saving and productivity is
an important driver of change. When
executives are reliant on administrators
to print and prepare documents for
signature they are required to be in the
office.
When executives need to request further
financial and budget reconciliation data
their decisions are delayed. When
executives are asked to access multiple
applications, with multiple credentials
and navigation patterns their efficiency
and productivity is constrained.
EXECUTIVEPRODUCIVITY
Highly remunerated finance team’s
efforts are best deployed in helping with
the inherently complex task of
modelling and evaluating investment
initiatives. Not managing budget
reconciliations in Excel.
Highly remunerated technical teams are
most effective when focused on core
technologies, not patching failed
external system integrations.
Consolidating data and processes in a
single system is better for both ‘the
business’ and ‘IT’.
HARNESSSKILLS
Wherever a CAPEX system requires
manual replication of data (for
example, between Excel, SharePoint
and SAP), this is an opportunity for
productivity improvement.
Not only just to save the direct, non-
value adding, rekeying activity itself,
but more importantly to eliminate
error and fraud, that generates so
much reconciliation and reporting
activity.
ELIMINATERE-KEYING
8. A better CAPEX system enables all participants to interact
directly with the system, and not through administrators.
Everyone needs to be able to register a great idea or wish-
list item. Project managers should maintain their own
forecasts. Decision makers should be able to collate,
compare and action requests self-sufficiently at their desk,
in a meeting, or on the road.
GETITFROMTHESOURCE
IQXBUSINESSSOLUTIONS
- Connect your end-to-end Capital
Expenditure processes to make more
timely and confident business decisions
based on a single source of truth.
10. The most valuable input expressed by senior decision makers is the opinion of experts:
functional leads (eg Procurement) and their trusted lieutenants. This history of
approvals needs front and centre stage when requesting an executive sign-off. Where
required, decision makers should be able to re-route for additional commentary or
endorsement prior to finalizing their decision.
EXPERTINSIGHTS
Supporting documents including detailed business case papers, designs, quotations
are vitally important to the approval decision. These documents need to be readily
accessible at all stages of the CAPEX process and for many years thereafter to support
post-investment reviews and audit queries. Version management and appropriate
classification of documents is essential for efficient and reliable access. Emails and
network file stores are poor repositories.
Having supporting documents directly accessible, securely from within SAP, provides
certainty of the information upon which decision makers rely.
DOCUMENTATION
11. High value capital expenditure is often strategic in nature, contains sensitive information
and may directly impact current staff. For both commercial competitiveness and internal
confidentiality, it is essential that CAPEX processes are effectively restricted to
appropriately authorized individuals only.
These authorization roles and responsibilities are reflected in an organization’s SAP
authorization profiles, and an improved CAPEX solution will leverage these authorizations
directly without the need for replication of authorization concepts.
SECURITY
A critical objective is to ensure that executives can make more confident investment
decisions with a high degree of demonstrable probity and policy compliance. For many
organizations Sarbanes-Oxley Act (SOX) compliance is mandatory.
Both internal and external auditors require an approval audit trail to validate delegation
of authority policy compliance and they need to be able to access event log data to verify
controls are effective, documents are approved and unaltered, and access is properly
restricted. Particularly now, in a time of remote working, digital processes must ensure
the integrity of digital signatures and the confidentiality of critical business initiatives.
COMPLIANCE
13. LEARNING
Most key CAPEX related decisions are not
simple yes/no choices. Rather they
comprise of a ranking and prioritization
based urgency, impact, and risk
constrained by human and financial
resource capacity.
Effective comparison requires consistent
classifications and metrics to be applied to
all requests. The decision interface should
present the proposed portfolio of requests
and allow both individuals and committee
ranking to be applied, ensuring that the
optimal investment portfolio is adopted.
Reliable data, and then applying
appropriate weighting and ranking of key
indicators, are core to optimizing the
investment program and maximizing the
return on investment at minimal risk.
PORTFOLIOMANAGEMENT
The objective of all capital expenditure is
to make a difference to the future.
However, many systems for tracking
investment outcomes are un-structured
and manual.
Better CAPEX solutions provide a
structured process of collecting the
anticipated incremental revenue or cost
savings, and factor that into future
forecasts and comparisons. The actual
results can be quantifiably analyzed and
evaluated with respect to the expected
outcomes, and mitigating actions taken if
required.
BENEFITSREALIZATION
The best systems have built-in
improvement processes. If your
CAPEX system is not helping with
continuous improvement, you are
likely to continue to get the same
results.
With CAPEX processes, the Post
Investment Review is the opportunity
to learn and improve the
assumptions, approval processes,
classifications, risk assessment or
any other aspect of the process that
resulted in a sub-optimal outcome.
This process should be automatically
triggered and systematically
managed to ensure the organization
gains from this vital learning.