Are you slashing the right CAPEX projects Post COVID-19?
Everyone is talking about ‘curtailing CAPEX’, ‘CAPEX cuts’ and ‘freezing capital expenditure’ amidst the unprecedented disruption caused by the COVID-19 pandemic. Is your capital expenditure management system up to the task of ensuring that mission critical initiatives continue to get funded?
Whilst delegation of authority limits are clearly defined in most organizations, the process of data collection, collaboration, decision making, and monitoring are often only weakly supported by IT systems and are seldom integrated; relying on spreadsheets, emails and manual data entry.
Organizations running SAP have an excellent basis for their investment management requirements. Unfortunately, standard SAP does not provide an effective executive user experience for initiating and evaluating complex investment initiatives.
Leveraging SAP Fiori application development is the fastest way to fully automate CAPEX management in SAP ERP to make timely, confident investment decisions with a high degree of demonstrable probity and policy compliance.
Companies like Albany International have used IQX AppBuilder for SAP Fiori to develop applications to automate and expedite Capital Expenditure Requests to ensure that scarce capital resources are allocated optimally. To ensure you are slashing the right projects make sure you have end-to-end visibility of all critical capital expenditure requirements with IQX CAPEX for SAP Fiori.