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Here’s Why NextProcess BPMS Is Better Than Excel at Managing Capital Expense Projects
Capital expense (CapEx) projects can be a challenge to handle efficiently. A lot is going on with these sorts of projects, and they typically involve large sums of money. Plus, they’re important for keeping your business running smoothly as your […]
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5 Accounting and Budgeting Tips for Paying off a Business Loan after You Start a New Business
Starting a new business means you’ll have to face many expenses. In most cases, the best option for handling these expenses is to take out a business loan. As your company begins to grow, you must be careful not to […]
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Where Do Errors in Financial Spreadsheets Come from and How Can Your Business Fix the Problem?
Love them or loathe them, spreadsheets have become an essential part of corporate life. Companies use them for tons of different purposes. In some companies, they’re tracking just about everything on a spreadsheet somehow. For better or worse, Excel has […]
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This is Why You Need CapEx Management Automation To Help Prevent Capital Project Overrun in IT
Large-scale IT projects are a possibility at any company and become more prevalent every year. Capital project management is always a complicated endeavor, and for IT projects it can be even more complicated than usual. IT projects usually cover multiple […]
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Everything You Need To Know About Automating Capital Expense (CapEx) Projects & Spend Management in 2020
Acquiring new assets and maintaining the ones you currently have can add serious value proposition to your organization. Like any investment, acquiring capital assets requires a careful assessment and acquisition process. You have to ensure you’re budgeting your projects adequately […]
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How To Take Control of Capital Expenditures and Efficiently Manage Your Company’s CapEx Spend
Capital expenditures, CapEx, typically account for a large chunk of a company’s annual budget. Whether it’s purchasing new equipment, acquiring a new property, replacing company vehicles, or money spent on research and development, capital expenditures play a key role in […]
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CapEx and OpEx. Balancing Capital and Operational Expenditures.
Capital expenses (CapEx) earn plenty of attention. They’re typically large expenses that play a key role in the company’s future. As such, they require careful budgeting, planning, and management. Capital expenditure also more complicated in terms of taxes since CapEx […]
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Discover What You Need to Know about the Secrets to Efficient Capital Expense Management and Budgeting
Everyday business expenses, like buying computer paper when you run out, are relatively easy to keep track of. But businesses also handle larger expenses, like acquiring office equipment or a new property location. These are capital expenses – a fixed, […]
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What Does It Mean To Change Your Spend Culture?
How do you deal with uncontrolled spending? Managing spend is a huge problem for companies. Unfortunately, many don’t find out just how much of a problem it can be until ridiculously high numbers start coming to light in company expenses. […]
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The Power of Using Metrics To Monitor Capital Expenditure Planning
Making decisions about capital expenditures without having a plan is a recipe for disaster. If you’re going to manage capital projects and stay within budget, you need to set goals and take time for planning. That’s something we can all […]
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7 Tested Tips For Managing Capital Project Expenses
Large amounts of company money flow through capital project management. From expanding company buildings, to research and development, to machinery purchases, Capital Expenditures (CapEx) account for a large chunk of the annual budget. They’re also notoriously difficult to manage, with […]
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Principles of Modern FP&A
Reliable Financial Planning and Analysis (FP&A) is more important than ever in the quickly evolving financial world, but it’s frustratingly hard to come by. Modern FP&A is most effective when it’s dynamic, complete and shared. These three core principles provide […]
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