Achieve integrated capital expenditure planning

Thorough capital expenditure (CapEx) plans should function at a consolidated level and also at a more granular level, tracking information like additions, improvements, asset classes, salvage value, and depreciation rates. If you have designed your processes correctly, you can hold your company’s department managers accountable for the capital expenditures in their respective areas.

OTHER BENEFITS INCLUDE

Fully integrated planning to understand how changes to CapEx management (adding and eliminating tangible and/or intangible capital assets) directly alter the income statement, the balance sheet, and cash flow statement

Compare planned capital expenditures to actuals at the detailed level, drilling across into external ERP or general ledger source systems. Stakeholders can investigate their costs and budget justifications with ease

Achieve greater accuracy and accountability by involving operational department managers

Review historical CapEx spending patterns to outline projections

Eliminate manual steps and benefit from the automation of capital expenditure calculations. Watch to see, in real time, the effect of changes to additions, depreciation rates, repairs, and maintenance on the bottom line

Create automatic depreciation calculations such as straight line, double declining balances, and sum of years, and use key performance indicators (KPIs) to evaluate capital expenditure assumptions

Prophix CapEx planning software integrates detailed capital asset costs into historical financial statements and investigates how capital expenditures impact your company’s performance. Using this solution reduces training costs, prevents companies from having to maintain separate applications, and opens up processes to both financial and non-financial users.

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"I know that our financial reports are 'rock solid' - they are always accurate and complete. I can say that with confidence because we use Prophix's software."

Spacesaver Corporation Steve Anderson - Controller
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"Prophix's software helps us make better, faster, and more reliable business decisions. At the same time, Prophix's on-going support is outstanding. Working with Prophix is like having our own secret weapon."

Trevor Booth Budget & GL Manager - Neogen Corporation
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"Prophix's software makes my life easier - pure and simple. It has the functionality that I need to do my day-to-day finance tasks and improves how we work as a Finance department."

Jason Norman Senior Financial Analyst - Park Dental/The Dental Specialists
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"Regardless of your business or the industry in which you operate, when you conduct strategic planning, turn to Prophix's software. It has proven itself to be a critical tool for me when making decisions that shape our organization's strategic direction."

Richard Pacheco II CPA, Vice President, Finance & Administration - AAA Northeast
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"The best way to predict the future is to create it."

Peter Drucker Author, Educator, Management Consultant
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