CAPEX & OPEX Authorization for Expenditure
by Persepta
Accelerate and manage your expenditure approval process with standardized workflows
OVERVIEW
Accelerate your expenditure approval process with standardized workflows that provide all of the information your management team needs to review and approve expenditure requests.
KEY BENEFITS
Leading Practice Standardized Categories for Capturing Critical Information
· Expense Categorization (Replacement, Growth, One-Time Project)
· Expense Detail Information – including ability to capture multiple line items, differentiate between capex and expense, depreciation life, expense type (corresponding with your company’s internal GL categories).
· Free form fields to capture important submitter provided information.
Built-In ROI and Payback Calculator
· Automatically calculates ROI and monthly payback of capex investment based on submitter provided information.
Ability to Attach Vendor Quotes / Other Critical External Documentation
· Easily attach and share documents to support request including vendor quotes, back-up analysis, etc. All file formats supported.
Capture Information on Projected Cash Flow and Key Asset Details
User-Configuration for Drop Down Categories, Approval Thresholds and Approval Workflows (No IT!)
· Admin module to provide updates or edits for all drop down categories. Built for application maintenance by business power user (no IT required!).
Full Audit Details
· Full audit history of who approved the expenditure, including time stamp and comments.
· Complete visibility on workflow history.
Real-Time Dashboard Visibility into Request Status and Key Details
· Sort on all columns in dashboard to quickly identify key related information about the request, including stage in workflow, request amount, etc.
Immediate Notifications Via Email Integration
· Automatic notification by email to next person in Approval workflow and notification to submitter upon successful completion of request and final approval.
· Automatic notification to accounting upon completion of approval workflow.
· Approvers can see summarized version of approval in email body and select link to go directly to the Capex Request to review the information and take action.
Access Via Multiple Methods
· Compatibility with all devices – mobile, tablet, PC