Automate manufacturing CapEx approval with an eCapEx system

eCapEx automates manufacturing CapEx approval, from prioritising capital projects and setting budgets to submission/approval and post-investment review.

Additionally, the technology behind eCapEx can be quickly deployed to automate manufacturing processes such as procurement, supplier approval, and employee onboarding.

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Manufacturing CapEx approval

In the manufacturing sector, effective management of capital expenditure (CapEx) in buildings, machinery, and equipment as well as operating expenditure (OpEx) in labour and materials, is crucial for staying ahead of the competition and boosting productivity.

However, manufacturing requires a large investment in capital purchases, so there is pressure to approve expenditures in a timely fashion and closely monitor post-spend review to ensure the investment makes its forecasted return.

Whether it’s purchasing new vehicles or refurbishing ageing machinery, managing the associated budgets, supplier quotes, business cases, vendor contracts, and invoices as well as tracking approved proposals manually on paper is inefficient and lacks visibility.

Solutions like eCapEx streamline the entire manufacturing CapEx approval process from prioritising capital projects and setting budgets to request submission/approval and post-investment review.

eCapEx is built on top of Process Director by BP Logix. It offers the perfect balance of pre-built functionality and flexibility, with 80% of the solution already built and the remaining 20% configured to your organisation’s specific requirements. This means we are competitively priced and can deliver in weeks, not months. Moreover, you get peace of mind that your mission-critical application is built on a solid, well-supported framework.

Why choose eCapEx?

Eliminate manual processes

Manual CapEx approval processes involve paperwork, eMails, and spreadsheets, leading to delays, errors, inefficiencies.

Automating manufacturing CapEx approval can reduce paper, minimise risk, reduce administrative burden, and accelerate cycle times.

Improved spend controls

eCapEx provides robust budgeting and forecasting capabilities, allowing companies to set spending limits, track expenditures, and identify cost-saving opportunities. This improves cost control throughout the project lifecycle for better financial returns and faster payback.

Better CapEx planning

As the focus on cost intensifies due to challenging market conditions, eCapEx supports rigorous evaluation of capital projects, allowing organisations to prioritise proposals that contribute directly to cash generation and cost reduction.

Enhanced compliance

A standardised CapEx approval tool and formalised capital expenditure policy and procedure will lead to process compliance across business units, departments, and geographies, minimising the risk of non-compliance, penalties, and project overruns.

Increase visibility

Increase visibility of capital expenditure requests, their status, and financial data with real-time tracking of CapEx across the whole organisation.

More informed decision making

Eliminate inconsistencies and disparate data with access to all relevant information (requests, business cases, justifications, comments) as well as reports and dashboards. This enables timely and more informed investment decisions, as everything is ready for review.

Significant cost savings

Cost savings from centralised visibility, tighter spend control, eradication of procurement overlap, improved utilisation of existing equipment/capital, and the ability to leverage bulk-buying power.

Professional services

Our professional services team are here to make your implementation as smooth as possible.

While the platform is incredibly intuitive, we know that many clients do not always have the time or resources to build the solution themselves.

At ePC, we have a team of experts available to support you with requirements gathering, demonstration/proof-of-concept, statement of work (SOW), system development, externally accessible prototypes, testing/user acceptance testing (UAT), and training/support.

Whether you prefer to build the system internally or need our professional services team to deliver a customised solution, we can help you automate CapEx workflows – without lengthy development cycles.

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Automate manufacturing processes with Process Director

Manufacturing automation is a top priority for many industry executives.

While most automation in the manufacturing industry is aimed at the production line and assembly operations, manufacturers are increasingly automating manual back office functions like capital expenditure approval to increase efficiency, reduce operating costs, and improve productivity.

From procurement to supplier approval, the technology behind eCapEx (Process Director) can be quickly deployed to automate manufacturing processes in other departments 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

Employee onboarding and offboarding

Holiday approval

Expenses approval

Mergers and acquisitions

Risk management

Quality control monitoring

Health & Safety reporting

Asset management

New product approval

Inventory management

Production reporting

Maintenance and repair job management

Ready to talk

Are you interested in automating manual, repetitive tasks so you can focus on more important tasks like reducing waste, producing high quality products, and improving the production process? Get in touch to learn more about eCapEx and Process Director.