Capital Expenditure Project Management
A major manufacturing company that spends over $100 million dollars annually
on capital projects engaged Advantage to replace its spreadsheet and paper Cap Ex
process with QuickBase. This high-level project management application scope included:
annual budgeting, project approvals, continuous project update and closure
(milestone dates, actual and forecast cash flows, etc…), and real-time
project visibility and reporting.
This application provided:
- reduced budgeting process from two months to a week.
- significantly improved visibility and management of the company’s largest
and most expensive projects.
- single, easily accessible repository for all projects.
- speedy automated routing and electronic project approval.
- automatic red-flag reporting of projects that are overdue or over-spent
Many large companies continue to use spreadsheets and paper in their Cap Ex
process because larger systems are not sufficiently flexible or affordable.
Our application is a much better way for a company to administer and manage
its millions of dollars in capital projects.