Every capital project begins with an idea, progresses with a business case and approval, but whether the project succeeds or stalls depends on what happens next. Too often Project Creation in SAP is treated as admin, when in fact this step is the key moment strategy becomes execution. It’s [...]
At IQX Business Solutions, culture is more than a value, it’s the engine that drives innovation. This culture was on full display at our recent global strategy and culture conference "Inspire" in Sydney, where colleagues from every corner of the globe came together to reflect, collaborate, and look ahead. [...]
CapEx challenges are not new. Capital Expenditure budgets have always been under pressure, the capital budgeting cycle has long been painful, and approval processes have often taken far too long. Complex capital projects will always take longer, cost more, and deliver less than originally promised. What has changed is the [...]
The goal of Capital Expenditure Management (CapEx) is to help organizations achieve their strategic objectives sooner, at lowest cost and least risk. To succeed and prosper organizations must continuously reinvest in their operational capacity, technology, products, and processes. Planning, budgeting, and forecasting activities help executives make better informed capital [...]
The distinction between capital expenditure (CapEx) and operating expenditure (OpEx) may seem subtle, but understanding the difference between these expenditures is crucial towards the health of any organization. Both capital and operational expenditures involve spending money for the benefit of the organization. Complex expenditures may involve both types of [...]
What is Residual Value? Residual value is the estimated value of an asset at the end of an asset’s useful life. This value is a fundamental concept in asset management and is used to calculate the depreciation of an asset. Residual value is different to salvage value. These values [...]
The Drivers of S/4HANA Migration Digital transformation has become an imperative in almost every industry. Beyond simply digitalization of business processes, or transition from on-premise applications to the cloud, technology advances are requiring organizations to exploit their data and intellectual property to radically improve their products and services to [...]
The business benefits and savings to be gained from CapEx procurement initiatives are significant. SAP Fiori has provided organizations with the catalyst for digital transformation, however according to CIO Review, “the best thing about workflow solutions is once you successfully implement a single business process workflow, then the process [...]
Project forecasting is the process of predicting and estimating the future outcomes and performance of a capital project. In SAP, capital project planning and budgeting are enabled by Investment Management (IM). Capital project planning and budgeting are essential components of project forecasting that determines the success of capital projects. [...]
When asked to describe challenges with their Capital Expenditure Management process most business users talk about the lack of integrated Capital Expenditure Request (CER) or Authorization for Expenditure (AFE) forms. For those seeking funding, the primary frustrations are delays in the approval process, difficulty in completing the templates, and [...]
