What is Capital Expenditure (CAPEX)?Capital Expenditure (CAPEX) is money invested by a company to purchase, maintain, or improve its physical assets such as buildings, machinery, and computer hardware and its intangible assets such patents, trademarks and computer software.CAPEX is often confused with OPEX (operating expenditure), but the two are distinct.CAPEX [...]
Overview Capital investments deliver ongoing business benefits through either reinvestment in depreciated assets (sustenance) or by making new investments for growth. For most organizations, managers are invariably presented with more applications for funding than the time and money available to commit. It therefore becomes essential to apply a process [...]
Overview Capital Investment Management in SAP is supported by Investment Programs (which are the source of budget), Investment Measures (which receive a budget allocation for procurement) and Appropriation Requests, which serve as the link between the two. Appropriation Requests are typically used to capture budget item requests for next [...]
For all organizations, funding and resources are limited, and management is required to allocate available financial and human capital efficiently. The total amount of funding for investment in replacement of existing assets and in new growth or cost saving initiatives is typically agreed by management and stakeholders on an [...]
Article by: Michael Kuhl | Project Business Analyst at IQX Business Solutions It appeared to be a good project but somehow between the idea and completion stages something went wrong. Why do well conceived and researched CAPEX projects fail to deliver expected benefits or exceed cost estimates? The Good, [...]
Article By: John Datuin & Ana Chua After finalizing your design of a new improved capital expenditure management solution and having gained the approval of all stakeholders to go live, the final hurdle will be data conversion. Data conversion includes activities related to converting both master data and transactional [...]
What is the budget? What is the plan? These are quite different questions. The budget is what is authorized to spend, and no more. The plan is on what and when we expect to incur that expenditure. The distinction is subtle, and business users will tend to use the [...]
The business benefits and savings to be gained from 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 of [...]
Overview Why do you make long-term capital investments? The key responsibility of management for stewardship and growth of an organization on behalf of stakeholders is to invest resources (both time and money) wisely for the future. Beyond day-to-day operating costs, this requires making longer-term, higher-value purchases in anticipation of [...]
IQX has just released its latest version of OneList V7.3, further improving its already popular Mobile Executive Approvals solution enabling managers to make important business decisions faster and more confidently. Executives must consider alternatives, risks, compliance and supporting documentation when making decisions, which often makes them a bottleneck for [...]
