CAPEX Planning and Reporting
Capital expenditure is provision made for major future purchases, and the life of the expenses often extends beyond the financial period in which they are made. Because these costs can only be recovered over time through depreciation, companies ordinarily budget for CAPEX purchases separately from the operational budget.
The common types of capital expenditure include a multitude of expensive assets, tools, and components that are prevalent in South Africa’s business landscape. Mining, manufacture, and more rely on large purchases to maintain and improve their infrastructure.
- Plant and equipment purchases
- Building expansion and improvements
- Hardware purchases, such as computers
- Vehicles to transport goods
Budgeting for CAPEX
- Simplify budget requests with a one-page e-form.
- Make, review, and approve requests with ease
- Define your own organisational workflow
- Simply exclude or include budgeted projects in your budget submission
Forecasting for CAPEX
- Integrate with your ERP
- Incorporate your actual spend on purchases or projects
- Commence forecasting on a project-based schedule
- Cater for unforseen capital expenditure
Report and forecast to any level of detail
Your solution can be implemented to suit your exact reporting requirements, for simpler and more accurate, multi-level reports.
Budget and Forecast for Capital Expenditure, Intelligently
Contact us to discuss our embedded CAPEX solution
Cortell is an IBM Gold-Level Partner.
If you have any queries about the necessity of a seamless CAPEX budgeting and forecasting method, or you’d like to discuss implementing a CAPEX solution with us, please contact us now!
We’re a specialist consultancy with IBM Partner status that implements BI Solutions and Performance Management systems to improve agility, accuracy, speed, and predictability in your business reporting, planning, and forecasting.