Elevate your Capital Budgeting Process
Purpose built for capital planning and capital budgeting processes, Stratex Online capital planning software enables finance, engineering, and transformation teams to focus on the projects that matter most. Build standardized business cases that use criteria to ensure your projects are aligned with strategic objectives, empowering leaders to confidently prioritize investments. By providing real-time data and collaboration, your plans and budgets are dynamic and highly responsive.
Investment Opportunity Identification and Ideation
The capital budgeting process begins with identifying a need or opportunity. Stratex Online capital budgeting software simplifies idea capture, empowering employees across your organization to submit initiatives as they arise. Align proposals with strategic goals and objectives, ensuring cohesion with broader priorities. Each initiative undergoes a robust scoring model, allowing urgent and high-priority ideas to be quickly escalated for management review.
Business Case Evaluation
A business case outlines the rationale for allocating time and resources to achieve objectives aligned with strategic goals. Stratex Online’s capital budgeting software simplifies this process with a user-friendly, standardized Business Case template. This template enables seamless documentation of project justifications, classifications, and financial evaluations.
The result of the Business Case assessment is a dependable set of financial metrics, such as Payback Period, Net Present Value (NPV), and Internal Rate of Return (IRR), alongside a comprehensive project ranking score.
Project Portfolio Management and Budgeting
With limited funding and resources, organizations must carefully prioritize and allocate budgets to build the most effective project portfolio. Stratex Online capital budgeting software streamlines this process by supporting area managers in project portfolio selection and facilitating enterprise-wide budget distribution.
Activate automated portfolio selection tailored to your optimization strategy, ensuring strategic alignment. Additionally, project submission and approval workflows are fully automated, enabling seamless aggregation and allocation of capital budgets across all areas.
Capital Expenditure Requests
When it’s time to move a project into execution, a Capital Expenditure Request (CER) is submitted for final approval. Stratex Online capital budgeting software automates the approval workflow, ensuring all necessary approvers are notified and the process is efficient and transparent. Features like automated reminders, escalations, delegations, mobile app approvals, and real-time process monitoring streamline the approval journey from start to finish.
Project Forecasting and Analysis
Eliminate the delays and inefficiencies of extracting, manipulating, and reporting capital budgeting and project forecasting data using spreadsheets.
Stratex Online brings together business case promises, budget allocations, actual expenditure, and project forecasting estimates to complete. This provides timely and reliable information to sponsoring executives.
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