Track organizational budget and increase productivity of your CAPEX cycle using Skelta BPM.NET.
Today’s global enterprises include complex networks of subsidiary companies and branch offices working together to accomplish business goals. In such a scenario enterprises need an efficient and simplified Expenditure management system that:
- Allocates financial means to various groups.
- Records expenditures on projects and fixed assets.
- Provides data in consolidated form to the respective decision makers.
Capital Expenditure (CAPEX) describes an end-to-end process of internal investment control which acts as a budget supervisor and also supports the responsible managers in financial decision-making and follow-up action.
Skelta BPM.NET provides a platform for organizations to automate and effectively manage the complete the CAPEX cycle including Purchase Requests, Sanctions/Approvals, Raising Purchase Orders, Generating Invoices, and Receiving Goods and making payments to Vendors.
Why automate your Capital Expenditure system?
A paperless Capital Expenditure workflow integrates the associated processes of planning, procurement and capital management. Automating existing Capex processes allows decision makers to make strategic use of capital resources through report based analysis. A strong BPM platform like Skelta BPM.NET incorporates exhaustive features to support such business critical processes and ensures:
- Fully automated Capex approval for even multi-level and complex systems.
- Accurate financial reporting for asset management.
- Proper Tracking of Capital expenditure for scrutiny and cost saving
- Boosts operational excellence to meet changing business scenarios
- Rapid ROI
- Effective group-wide communication
Skelta Advantage
Skelta BPM.NET provides a complete Capital Expenditure Management Workflow for the Capex requirement of any organization.
-
Skelta BPM.NET's enhanced security features allow for Role Based Content Access and Roles Based Security for defining access security and content security. Users can view only relevant data and rights can be configured dynamically.
-
Enhanced BAM and KPIs ensure Event Based Alerts and Notification Email Alerts on each task being assigned by the workflow engine thereby keeping process participants informed about the progress. Escalation alerts on action not being taken beyond a specified time frame helps in making corrective actions to avoid delays.
-
Secure Portal Framework for single sign-on.
-
Reports on Capital Expenditures along with budget utilization to help top management in streamlining their processes. The Workflow Based reports can help in analyzing the effective response time from different users.
-
Attach File: The option of attaching files such as PO, Quotations, and Justifications etc at various stages - from purchase request to sanctions and approvals, helps in capturing all the information related to Capital Management.
|
Migrating to automated Capex systems using Skelta BPM.NET provide organizations with multiple business benefits:
- Fully automated Capex approval for even multi-level and complex systems.
- Accurate financial reporting for asset management.
- Proper Tracking of Capital expenditure for scrutiny and cost saving
- Boosts operational excellence to meet changing business scenarios
- Rapid ROI
- Effective group-wide communication
|
|
Further, Skelta’s specially developed BizTalk connector allows for advanced workflows which can span across legacy systems
and handle complex approval and escalation scenarios.
Skelta’s workflow software acts as a key technology component that helps ensure efficient automation of complex accounting and budget approval processes thereby eliminating manual system inaccuracies. Capital expenditure can be procured electronically through web based forms.
Sophisticated supply chain management coupled with real-time ERP updates and rapid communication across various groups ensures timely and business critical developments resulting in better ROI.
The following workflow is an example of a Capex approval system built on Skelta BPM.NET:
Click to Enlarge
Process Efficiencies
- Faster completion of approval process to ensure uninterrupted availability of critical infrastructure
- Consistent application of approval processes
- Clear audit trail evidenced by copies of all supporting documents, notes and comments
- Comprehensive reporting from multiple
- Tighter controls at all stages to prevent collusion
- Transparency in purchasing
Automating the Capex decision making process using Skelta’s enterprise strength workflow engine, provides a scalable platform for integrating business applications in accordance with organizational policies and procedures and ensuring improved profitability and response times.
|