Automate CapEx management in the chemicals industry
For chemical and pharmaceutical businesses, eCapEx automates the CapEx management process, enabling faster approvals, stronger financial control, and improved ROI on investments.
Additionally, the technology behind eCapEx can be quickly deployed to support back office digitalisation.
CapEx management software for chemical companies
With $400 billion in capital spending annually, strategic CapEx investments are the key to success in the asset-intensive chemicals industry.
However, navigating the complexities of capital expenditure management is challenging, especially if you are managing high-value investments with spreadsheets and email approvals.
Whether the CapEx is a short-term initiative or a part of a long-term plan to decarbonise operations, managing the associated documentation (budgets, risk assessments, quotes, etc.) on paper as well as manually tracking project status is inefficient and lacks visibility.
Solutions like eCapEx help capital-intensive industries like chemicals automate the full CapEx lifecycle — including budgeting, prioritisation, approvals, and post-investment reviews.
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Back office automation with Process Director
According to Accenture, 69% of CEOs are digitising business processes.
While much of the transformation aims to streamline operations and support Net Zero initiatives, the chemical industry is increasingly automating manual back office functions like capital expenditure approval to increase efficiency, reduce operating costs, and improve productivity.
From mergers and acquisitions to employee onboarding, the technology behind eCapEx can be deployed quickly within other departments/processes within your organisation, allowing you to reduce the load on your staff and multiply your return on investment many times over.
Invoice management
Supplier approval
Contract management
Purchase requisition
Employee onboarding and offboarding
Holiday approval
Expenses approval
Mergers and acquisitions
Regulatory compliance
Risk management
Change management
Quality control monitoring
Health & Safety reporting
New product approval
Inventory management