Specialty Petro-Chemical Company
Weissr Capex Management Software
Scope
After a significant period of growth where the company more than quadrupled in size, leadership found a need to get better control of the Capex allocation process.
Business Needs
Standardized Processes: Standardized the business process throughout the organization.
Integration of Acquisitions: Support integrations of recent acquisitions.
Efficient Capital Allocation: Need for an efficient and standardized capital allocation process to support and enable a one-company strategy.
Adaptation to Growth: Growth included a significant increase in company size across different countries and time zones.
Weissr’s Approach
Expert-Led Implementation: Led by a Capex management expert from Weissr, an implementation project spanning over 3 months.
Configuration and Customization: Configured Weissr to the client’s existing Capex guidelines, models, and forms.
Workshops and Fine-Tuning: Two workshops with the client team to fine-tune configuration, forms, models, decision structure, and user rights.
Acceptance Testing: Client acceptance test performed by the central team.
Training Sessions: One physical training session with users.
Quick Deployment: System up and running 13 weeks after initiation.
Feedback Loop: Established a feedback loop to ensure continued benefits from Weissr’s professional service regarding capital allocation for the company.
Client’s Result
Standardization Achieved: Company-wide standardization and alignment on Capex allocation principles.
Increased Accountability: Perceived increased accountability and transparency.
Time Savings: Self-reported time savings.
Improved Decision Quality: Increased quality in decision-making.
Integral System: System perceived as an integral part of the one-company efforts.
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