The Capital Expenditure (CAPEX) process can be error-prone, slow, and highly dependant on human intervention especially considering that most accounting and finance teams are buried in paper, email, and complex spreadsheets.
Organizations that do not properly automate their Capital Expenditure process suffer from data duplication, which often leads to many versions of the same truth. This invariably leads to poor decisions based on insufficient or inaccurate information.
An automated asset management software for Capital Expenditure reduces the administrative burden on accounting and finance teams and allows executives to make better use of their time and expertise.