CapEx Procuremen Management System
It enhances transparency, controls spending, and aligns capital investments with organizational priorities, while maintaining full compliance and auditability.
benefits
Reduces manual paperwork and improves approval turnaround times.
Reduces manual paperwork and improves accuracy.
Provides clear visibility into CapEx pipelines, statuses, and budget impacts.
Ensures that capital investments align with strategic goals and available budgets.
Standardizes and automates the CapEx request, approval, and procurement process.
flow
1
Departments submit CapEx requests, including business justification, cost estimates, ROI analysis, and supporting documents.
2
Requests are routed through a multi-tiered approval hierarchy, including department heads, finance controllers, and executive leadership. Budget availability and strategic alignment are checked during the review.
3
Once approved, procurement teams initiate sourcing activities, issue Purchase Orders (POs), and manage vendor interactions.
4
Upon receipt of goods or services, assets are recorded in the asset management system for tracking and depreciation.
audience
Facilities Management Teams
Procurement and Sourcing Teams
Finance
Department Heads
Technology
