BudgetPak Focus on: Integrating CAPEX
The IT department typically issues budget guidelines for new PCs or laptops or PDAs, which are promptly forgotten (or miskeyed). Likewise, guidelines for leased cars, copiers, or other assets are also haphazardly implemented. And of course, making sure the right depreciation or lease terms are used can be equally problematic.
Given these issues, some organizations have their finance department budget for all of these expenditures. That’s a reasonable approach but it comes with its own set of problems. Managers fail to become sensitized to the fact that asset purchases generate real cash flow impacts, not to mention the rework that can stem from miscommunication, misunderstanding and misinterpretation.
The solution? Provide managers with a shopping catalog of assets that they are eligible to purchase, and have the system calculate the depreciation or lease impact, right in their budget.
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Integrated Asset Planning: Watch how users can select from a catalog of assets (such as new PCs or leased cars) and BudgetPak planning software automatically calculates depreciation or lease expense. |