Weissr® Capital Budgeting
Explore how our cutting-edge SaaS solution can revolutionize your capital budgeting journey.
Exploring Weissr's Capital Budgeting
Our bottom-up approach means we construct budgets from the ground up, using real Capex requests and ongoing projects to ensure that your budget not only aligns with your overall strategy but also meets your operational needs effectively.
With Weissr's Capital Budgeting, you gain the flexibility to create, evaluate, and compare multi-year budgets, providing you with a holistic view of your financial landscape. What truly sets us apart is our strategic integration with the Capex Strategy module. This synergy provides invaluable insights and guidelines, guiding your investments to where they matter most while enabling prudent decision-making where needed.
Our seamless integration with the Capex Management module ensures your budget stays current, with real-time updates on request statuses and project outcomes. This level of transparency empowers you with exceptional cost control, ensuring your financial plans stay on course and yield the desired results.
Where is your starting point?
Many companies still work manually or rely on outdated tools like SharePoint, Excel, and e-mail for capital allocation processes. It's time to modernize and reap the benefits and improve decision-making, efficiency, and security!
Level 1: At this first level, you typically still rely on manual processes, printed documents, and email overload. Currently, requests are handled inconsistently, leading to slow approvals and a lack of corporate control. Many companies are stuck at this initial stage.
Level 2: Have you created a custom solution, often relying on Excel, emails, and tools like SharePoint? While these makeshift systems can handle workflow management, they often fall short in capex functionality and scatter data across multiple locations. Additionally, they tend to be dependent on a select few individuals for maintenance. It's worth noting that many of our clients come from this level.
Level 3: Maybe you've advanced to this stage, leveraging a generic SaaS solution for centralized data management. While it represents a substantial improvement, the absence of capex-specific features means the expected cash flow enhancement, compared to previous levels, is unlikely to surpass 0-5%.
Level 4: Tailored for the capex process exclusively, our end-to-end solution offers support throughout every phase, from ideation to post-project evaluations. In accordance with McKinsey and AT Kearny these custom-built tools have the potential to deliver a remarkable 20% boost in cash flow.
Level 5: Adding our Capex Strategy module empowers you to sidestep common pitfalls that drain resources and erode shareholder value. By aligning with your capital budgeting process, it ensures that day-to-day capex decisions remain in sync with your overarching strategy. When fully integrated, your company can potentially experience a remarkable 100% boost in cash flow. How do we know? We've witnessed it consistently, and our satisfied customers can attest to the results.
Financial control and precision
Accurate budgeting
Achieve budgeting precision with detailed financial planning, project monitoring, and forecasting, reducing the risk of budget overruns.
Cost control
Identify and address capital expenses and operating cost overruns promptly with real-time cost tracking, minimizing financial surprises.
Financial visibility
Gain improved overview and deeper insights into your capital spending, allowing for better financial control and resource allocation.
Efficiency and productivity
Streamlined workflows
Simplify, standardize and automate your CapEx approval processes, saving time and increasing efficiency.
Resource optimization
Allocate resources effectively, ensuring projects align with your strategic goals and deliver optimal ROI.
Collaboration
Facilitate collaboration among teams, making it easy to stay on top of project budgets and timelines.
Security and accountability
Data centralization
Centralize all your CapEx-related data in one secure location, simplifying data management and retrieval.
Data security
Keep your sensitive financial data safe with advanced security measures, ensuring confidentiality and compliance.
Audit trails
Detailed audit trails to track changes and actions, enhancing transparency and accountability.
With Weissr® Capital Budgeting, you can…
effortlessly collect, organize, and visually represent individual capex requests to create an initial budget portfolio.
easily update assumptions for capex requests included in a budget.
promote collaboration and task-sharing among user groups, production units, regions, or divisions.
ensure that your capital budgeting portfolio is aligned with the overall capex strategy.
gain a comprehensive understanding of capital expenditures and budget portfolios, enhancing your ability to make well-informed decisions efficiently.
enhance your budget management with robust monitoring and follow-up capabilities to ensure financial plans remain on track.
Join us on a journey through Weissr's Capital Budgeting process
While the capital budgeting process vary between companies, depending on industry, project type and size, they typically follow the phases below:
1. Identify & register capex opportunities
Initiate your Weissr® Capital budgeting process by identifying & registering potential investment opportunities, such as new projects, replacements, acquisitions, or expansions.
To facilitate this crucial step, we've streamlined the process starting with filling a user-friendly form. By inputting necessary information, you'll ensure a comprehensive and well-prepared request
2. Evaluate & Prioritize investment opportunities
Once potential investment opportunities have been identified and registered, the company's management team will evaluate and prioritize the opportunities based on a range of factors, including the expected cash flows, the risk associated with the investment, and the company's overall strategic goals. Projects that are expected to generate higher returns and have a greater strategic alignment are typically given higher priority.
In Weissr®, the task of swiftly gathering and creating an initial overview of opportunities takes mere seconds, saving valuable time for all participants. Additionally, our purpose-built system ensures that the prioritization process is streamlined and optimized to enhance efficiency.
3. Approval and Allocation of capital
Once investment opportunities have been prioritized, the next step is to approve the budget. This entails determining the funding amount and the timing for each project.
Within the Weissr® Capital Budgeting process, every identified project receives a data tag reflecting its budgetary status, indicating whether it has been approved, deferred, or excluded. This data-driven approach empowers decision-makers to make informed choices.
4. Execution and monitoring
When the budget has been approved and individual projects are launched, companies oversee and assess the performance of each investment and the overall budget. This entails tracking of the actual costs and cash flows generated by each investment, which are then compared to the initially approved budget. In response to investment performance or external factors such as market fluctuations, companies may find it necessary to implement corrective actions and make adjustments to their initial plans.
Overall, the capital budgeting process is critical for a multinational and capital-intensive company as it helps to ensure that the company is investing its capital in the most effective way possible to achieve its strategic goals and maximize its long-term cash flow.
Why choose Weissr® as your capex partner?
Expertise Matters: With a 25-year track record, we excel in Capex decisions, crafting long-term strategies for 1000+ production sites since 1994.
Global Leadership: We're the international leader in Capex Strategy and Management, operating on six continents, helping clients optimize strategies to maximize cash flow.
Proven Success: Advising on assets worth over US $500 billion since 1994, we're your trusted partner for effective Capex management.
FAQs-
Weissr® is developed to be easily customizable to your capex process and needs. It is a cloud-based solution that does not require download. Our fast onboarding and implementation process is led by our experienced Customer Success team. They will work together with your IT and finance team to deliver a condensed implementation process. They are known to have performed installations in a matter of days.
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All modules are developed to function seamlessly with one another. They can also be integrated with your ERP or EPM system.
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Cost – Even though you most probably already have both SharePoint and Excel, developing your own Capex solution or outsourcing thereof will typically cost you more than investing in a tailormade solution. Especially when you consider the cost to continuously develop it in order to keep up with industry-leading systems. In addition, Weissr® gives you access to an experienced support team with years of experience working with all aspects around Capexes.
Ease of Use – Weissr® Capex intuitive and clean interface, in combination with your organization’s documents, reduces training and implementation challenges.
Customization – Customize installation for the features your organization needs.
Connectors – Communicate with other software solutions you work with through open APIs.
Functionality – The end-to-end Weissr® Capex platform is the result of more than 25 years of experience working with Capex and related questions. Our theoretical thought-leadership combined with our world-class inhouse software development team guarantees our customers are always at the forefront of technical development. This is what we do, day in, day out. It is our core activity. Developing something by yourself will be very costly and difficult to keep updated in terms of technology and features.
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The Weissr® Capex Management module is completely web-based and accessible with all browsers. (Optimized for Google Chrome, Microsoft Edge and Safari)
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Yes, document sharing is facilitated within the system with complete traceability. Capex requests can also be exported for printing, sharing and documentation in the format of your choice.
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We offer complete and personal training and on-going support for all users. In addition, we are always looking to improve and develop our offer to give our customers the best possible experience.
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It is of great importance for us that your information is yours and ours only. Weissr® therefore complies with OWASP as well as using NIDS tools and SSL to secure your data. We also perform intrusion tests on a regular basis. All to make sure that your data are in good hands.
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Yes, it is completely GDPR complient, covering requirements about transparency, data security, accountability/goverannce and privacy rights.
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