Welcome to the future of Capex management!
Bid farewell to complexities, uncertainties, and inefficiencies. Embrace a streamlined fully customized capex approval process, a comprehensive financial overview, and make data-driven decisions with confidence.
Embrace Weissr® Capex Management – where simplicity, clarity, and success converge.
Weissr® Capex Management
Weissr® Capex Management, part of the Weissr® Capex suite brings a digital and automated approach to the entire investment lifecycle, simplifying decision-making from conception to approval and beyond. Our platform stands as a benchmark for accountability, transparency, and traceability within the world of capex and investment.
If connected with our capital budgeting and strategy modules, Weissr® ensures that each capex decision aligns seamlessly with your capital budget and overarching capex strategy, maximizing long-term cash flow.
Weissr® eliminates the need for error-prone spreadsheets and local document versions, offering a single standardized platform with customizable features to suit your specific needs, including company policies and compliance requirements.
By embracing Weissr® Capex Management, you'll not only improve work efficiency but also free up valuable time to focus on activities that truly add value to your organization.
Where is your starting point?
Many companies still work manually or rely on outdated tools like SharePoint, Excel, and e-mail for capital allocation processes. It's time to modernize and reap the benefits and improve decision-making, efficiency, and security!
Level 1: At this first level, you typically still rely on manual processes, printed documents, and email overload. Currently, requests are handled inconsistently, leading to slow approvals and a lack of corporate control. Many companies are stuck at this initial stage.
Level 2: Have you created a custom solution, often relying on Excel, emails, and tools like SharePoint? While these makeshift systems can handle workflow management, they often fall short in capex functionality and scatter data across multiple locations. Additionally, they tend to be dependent on a select few individuals for maintenance. It's worth noting that many of our clients come from this level.
Level 3: Maybe you've advanced to this stage, leveraging a generic SaaS solution for centralized data management. While it represents a substantial improvement, the absence of capex-specific features means the expected cash flow enhancement, compared to previous levels, is unlikely to surpass 0-5%.
Level 4: Tailored for the capex process exclusively, our end-to-end solution offers support throughout every phase, from ideation to post-project evaluations. In accordance with McKinsey and AT Kearny these custom-built tools have the potential to deliver a remarkable 20% boost in cash flow.
Level 5: Adding our Capex Strategy module empowers you to sidestep common pitfalls that drain resources and erode shareholder value. By aligning with your capital budgeting process, it ensures that day-to-day capex decisions remain in sync with your overarching strategy. When fully integrated, your company can potentially experience a remarkable 100% boost in cash flow. How do we know? We've witnessed it consistently, and our satisfied customers can attest to the results.
Financial control and precision
Accurate budgeting
Achieve budgeting precision with detailed financial planning, project monitoring, and forecasting, reducing the risk of budget overruns.
Cost control
Identify and address capital expenses and operating cost overruns promptly with real-time cost tracking, minimizing financial surprises.
Financial visibility
Gain improved overview and deeper insights into your capital spending, allowing for better financial control and resource allocation.
Efficiency and productivity
Streamlined workflows
Simplify, standardize and automate your CapEx approval processes, saving time and increasing efficiency.
Resource optimization
Allocate resources effectively, ensuring projects align with your strategic goals and deliver optimal ROI.
Collaboration
Facilitate collaboration among teams, making it easy to stay on top of project budgets and timelines.
Security and accountability
Data centralization
Centralize all your CapEx-related data in one secure location, simplifying data management and retrieval.
Data security
Keep your sensitive financial data safe with advanced security measures, ensuring confidentiality and compliance.
Audit trails
Detailed audit trails to track changes and actions, enhancing transparency and accountability.
Join us on a journey through Weissr's Capex Management process
While the capital project lifecycle vary between companies, depending on industry, project type and size, they typically follow the phases below:
1. Capex request registration
Initiate your Weissr® Capex Management journey by registering your capex request. Fill out a customized form with all the essential details, ensuring a thorough and well-prepared request before it advances to the next stage.
Forms, approval routes, and analysis models can be chosen manually or automatically based on entered or calculated project data. Weissr® maintains complete control over the relationships between project data, ensuring data consistency and eliminating the possibility of inconsistencies.
2. Preparation, analysis, and routing
In this phase, your capex request undergoes preparation, analysis, and routing, ensuring that it's thoroughly vetted, discussed, and scrutinized before moving forward. Note that the request during this phase might undergo one or several stage gating phases using sub routes and sub-approvals. Capex approvals during these stages can be capitalized before the final project approval.
Weissr’s notification and collaboration functions make sure that all relevant users are informed about the progress and can collaborate efficiently regardless of time zone.
3. Capex approval
After progressing through earlier phases, your capex request enters the approval stage. This automated process encourages collaboration among stakeholders and decision-makers, with reviews conducted at different authority levels, often tied to the requested amount. Timely updates are shared with relevant stakeholders regarding project progress, and decision-makers are alerted about impending approvals to prevent delays. Upon approval, the project seamlessly exports to your ERP system, where it's automatically registered.
4. Execution and monitoring
Once capex requests receive approval, they enter the execution and monitoring phase. In this stage, you gain the ability to closely monitor ongoing capital expenditures, ensuring that projects remain aligned with their plans, and you can take immediate action if deviations occur. Seamless integration with your ERP system ensures that project outcomes are automatically retrieved, keeping your data up-to-date and enabling timely adjustments to your forecasts.
5. Post-completion review
When a project reaches its conclusion, it enters the follow-up phase for a comprehensive post-completion review. Defined Key Performance Indicators (KPIs) are regularly monitored over a predefined period, facilitating systematic evaluation of all capex projects. This process offers unique insights and opportunities for continuous learning.
Why choose Weissr® as your capex partner?
Expertise Matters: With a 25-year track record, we excel in Capex decisions, crafting long-term strategies for 1000+ production sites since 1994.
Global Leadership: We're the international leader in Capex Strategy and Management, operating on six continents, helping clients optimize strategies to maximize cash flow.
Proven Success: Advising on assets worth over US $500 billion since 1994, we're your trusted partner for effective Capex management.
FAQ-
Weissr® is developed to be easily customizable to your capex process and needs. It is a cloud-based solution that does not require download. Our fast onboarding and implementation process is led by our experienced Customer Success team. They will work together with your IT and finance team to deliver a condensed implementation process. They are known to have performed installations in a matter of days.
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All modules are developed to function seamlessly with one another. They can also be integrated with your ERP or EPM system.
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Cost – Even though you most probably already have both SharePoint and Excel, developing your own Capex solution or outsourcing thereof will typically cost you more than investing in a tailormade solution. Especially when you consider the cost to continuously develop it in order to keep up with industry-leading systems. In addition, Weissr® gives you access to an experienced support team with years of experience working with all aspects around Capexes.
Ease of Use – Weissr® Capex intuitive and clean interface, in combination with your organization’s documents, reduces training and implementation challenges.
Customization – Customize installation for the features your organization needs.
Connectors – Communicate with other software solutions you work with through open APIs.
Functionality – The end-to-end Weissr® Capex platform is the result of more than 25 years of experience working with Capex and related questions. Our theoretical thought-leadership combined with our world-class inhouse software development team guarantees our customers are always at the forefront of technical development. This is what we do, day in, day out. It is our core activity. Developing something by yourself will be very costly and difficult to keep updated in terms of technology and features.
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The Weissr® Capex Management module is completely web-based and accessible with all browsers. (Optimized for Google Chrome, Microsoft Edge and Safari)
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Yes, document sharing is facilitated within the system with complete traceability. Capex requests can also be exported for printing, sharing and documentation in the format of your choice.
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We offer complete and personal training and on-going support for all users. In addition, we are always looking to improve and develop our offer to give our customers the best possible experience.
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It is of great importance for us that your information is yours and ours only. Weissr® therefore complies with OWASP as well as using NIDS tools and SSL to secure your data. We also perform intrusion tests on a regular basis. All to make sure that your data are in good hands.
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Yes, it is completely GDPR complient, covering requirements about transparency, data security, accountability/goverannce and privacy rights.
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