Capital Budgeting Software as a Service

Capital Budgeting Software as a Service

Capital Budgeting Software as a Service

Maximize your ROI by Eliminating Waste with Capital Budgeting Software as a Service

Stratex Online is a Software-as-a-Service solution for managing the entire capital budgeting process from project prioritization and business case development, through project portfolio management and capital expenditure requests, to project forecasting and analysis.

Streamline Your Capital Budget: Overcome Operational Challenges through Digital Transformation

The traditional process of capital budget systems is often inefficient due to manual processes and fragmented data sources. They rely on spreadsheets, simplistic financial metrics, and outdated planning cycles, leading to subpar project selection and missed opportunities. Stratex Online improves this process and enables more informed and timely capital allocation decisions, helping save money and achieve strategic goals sooner.

Click elements on the diagram to learn more about the power of Stratex Online

Capital Budgeting Software as a Service, Stratex Online overview diagram
Capital Budgeting Software as a Service Stratex Online Solution Overview

Maximize your Return on Investment by Budgeting Capital for Projects that are Strategically Aligned

Stratex Online assures that your financial capital and human resources are allocated to capital projects that matter most, ensuring that your strategic objectives are achieved at the lowest production cost, in the fastest time, and with the least risk.

Anyone can propose investments to solve a business problem, mitigate a potential risk, save money or even transform the way you operate. Stratex Online ensures that the most critical capital projects get the visibility, time and money they deserve to be successful.

Make sure that your budget allocation is aligned with your strategic objectives and delivers maximum value at the lowest cost and risk. Stratex Online provides all staff with visibility of the strategic objectives and consistently scores projects so that urgent and valuable projects are actioned first.

Financial metrics and standardized evaluation scores help executives make the best funding decisions. Stratex Online ensures all scores are accurate, consistent and reliable.

Choosing the right projects to do and not wasting budget on the wrong ones is challenging. Stratex Online automates the optimal portfolio selection based on your optimization strategy and constraints.

Stakeholders require an understanding of funding requirements and likely financial returns. Stratex Online provides reliable cashflow and accounting view projections efficiently from a central source of truth.

Many organizations are pursuing environmental, social and governance objectives in addition to financial results. Stratex Online facilitates the classification and evaluation of non-financial strategies to achieve these goals sooner.
Three business people working

Improve Productivity by Integrating Your Capital Expenditure Project Management Process

Stratex Online will save you time and allow you to focus on more valuable activities, by replacing spreadsheet-based processes with centralized data and analytics and email-based approval processes with fully automated workflow routing.

Business Lady in meeting room with colleagues happy with Capital Budgeting Software integration with CapEx Management

Spreadsheet-based business cases, budgets, forecasts and reports are time-consuming to administer. Stratex Online eliminates administration and rekeying between systems so you and your team can focus on higher value tasks.

Annual budgeting cycles are typically stressful and frustrating. Stratex Online enables project portfolio optimization to be more frequently tuned to the dynamic operating environment.

Capital Expenditure Request processes are frequently delayed due to poor quality data and manual workflow. Stratex Online dramatically reduces approval delays by automatically routing requests in parallel where appropriate and providing decision makers with confidence in the information presented.

Delegation of authority limits and responsible office holders are in a state of continued flux. Stratex Online provides an easy to administer approval matrix workflow design that derives the right people at the right time to guarantee compliance with your procurement policies.

Most project ideas have related supporting documents and conversations. Stratex Online makes it easy to access all supporting documents and commentary with an integrated initiative definition and collaboration platform.

Downloading and reconciling plans, budgets, commitments, and actuals is a waste of time. Stratex Online provides an integrated whole-of-life analysis of projects, from bright-spark ideas, through budgeting, approval, execution, completion and final project review.

Mitigate Risk and Ensure Effective Project Management, Governance and Delegation of Authority Approval

Stratex Online provides executives with effective control over the entire capital expenditure management process by ensuring approvals are in accordance with procurement policy, by formally assessing project risks, and by effective project status monitoring to allow for timely corrective actions.

Executives have the responsibility for wise stewardship of the organization’s human and capital resource allocation. Stratex Online helps executives justify project decisions based on standardized evaluation criteria and expert endorsements.

A Capital budgeting project is high-value with long-term implications for the organization and is inherently risky. Stratex Online allows executives to understand the risks of both omission (not undertaking a project) as well as commission (implementation risk) and to approve a balanced budget accordingly.

Executives typically do not always have the time or technical expertise to assess projects, and preferred options, independently. Stratex Online facilitates collaborative project definition and formalized endorsement by appropriate specialists prior to escalation for final executive approval.

Projects are based on assumptions and estimates of schedule, production cost, scope and value. Stratex Online helps financial controllers to effectively monitor project portfolio performance and take mitigating actions when project delivery risks are identified.

Some project initiatives will be highly sensitive or confidential due to competitive or internal resource impacts. Stratex Online provides granular authorization controls to project initiatives.

In today’s unpredictable environment, capital planning assumptions may no longer be valid due to inflation, exchange rate, or technology changes. Stratex Online ensures that supplementary funding requests reflect both the changed cost and return  impacts to allow funding to be curtailed or extended as appropriate.
Laptop with forecasts and projections leveraging capital budgeting software for effective capex management
Business men looking at tablet discussing capital budgeting software for project demand management

Investment Opportunity Identification and Ideation

The capital budgeting process starts with an identified need or want. Stratex Online makes it easy for anyone in your organization to capture that idea as it forms. All staff have access to their area’s strategic goals and objectives to align initiatives accordingly. A sophisticated initiative scoring model is applied to each initiative and urgent and important initiatives are rapidly escalated for management review.  >>Explore More

Business Case Evaluation

A business case provides the justification for the investment of time and money to achieve strategically aligned outcomes. Stratex Online provides a standardized and easy-to-complete Business Case template that captures project justifications, classifications and financial analyses. The key output of the Business Case evaluation is a reliable set of financial metrics (including Payback Period, NPV and Internal Rate of Return) and an overall project ranking score. >>Explore More

Man in front of office building empowered by capital budgeting software
Two people looking at capital budgeting software

Project Portfolio Management and Budgeting

Funding and resource allocation are limited, so management must choose and budget for the optimal project portfolio. Stratex Online supports both the project portfolio selection process by area managers and the overall enterprise budget allocation and distribution to each area accordingly. Stratex Online also provides automated portfolio selection based on your optimization strategy. Project portfolio request submission and approval workflows are fully systemized to support efficient aggregation and allocation of capital budgets by area. >>Explore More

Capital Expenditure Requests

When a project is ready for execution a Capital Expenditure Request (CER) is raised for final approval. These requests are also called Authorization For Expenditure (AFE), Request for Approval/Appropriation (RFA), or Project Expenditure Request (PER). Stratex Online automatically determines the routing to all required approvers and provides a transparent and expedited approval process. Reminders, escalations, delegations, mobile app approvals and process monitoring are all fully supported. >>Explore More

Business men at desk using capital budgeting software

Get Started with Stratex Online Today

Get Started with
Stratex Online Today

Don’t waste your capital budget but invest wisely with advanced capital budgeting software as a service – ready to run even before your next financial planning and budgeting cycle. Request a Demo to see how Stratex Online can revolutionize your capital budgeting process, optimize your decision making and expedite progress to your strategic goals and long-term profitability.