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.

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.

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.

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.

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.