Our solution was presented in the form of a dashboard that breaks down capital expense purchases by category and shows status overviews. It took all the data from the company’s ERP and PO systems and combined it in a single, easy-to-access place. The app allowed users to track planned capital expenses and deprecation costs and filter that data based on country, region, branch, etc. Furthermore, it offered “as of” functionality, which allowed our client to view the state and status of the expenditures as it was in the past month or year.
With the help of our solution, our client finally had an easy-to-access platform for all their PO and CAPEX analytical needs. With it, they saved about a week every month in report preparation. Additionally, the time-saving factor also incentivized them to run these reports more often, which led to more data-informed decisions in the financial department. Furthermore, the “as of” functionality allowed that department to make better expense planning and later even transformed it into a forecasting option.