VFA.spendManager®

Every organization invests significant resources to ensure capital plans and budgets effectively support goals and objectives, equitably allocate limited funds, and reflect the consensus of key decision makers. However, the success of these efforts ultimately lies in the execution of the capital programs, especially planned expense against actual capital spent.

Controlling ongoing capital spending against your planned budget requires a real-time, reconciled view of overall capital spending that many organizations lack. Manual processes for tracking planned and actual expenses don’t deliver timely information with regard to the spending process, allowing unplanned expenses to crop up. Such spending consumes up to 20 percent of capital expenditures in many organizations. Additionally, without an end-to-end, real-time view of the capital allocation and spending process, information needed to make key decisions is difficult to access.

In order to optimize capital spending, organizations must:

• Centralize enterprise-wide capital management.
• Automate the capital budget review and approval process.
• Control capital spending against planned budget in real-time.

VFA.spendManager‘s enhanced control of capital planning and spending increases efficiencies, reduces unapproved expenditures, ensures capital is being optimized and accurately accounts for how capital is managed and spent. It integrates previously disconnected capital processes, helping your organization to effectively manage the process by which capital needs are identified, budgeted, approved and purchased.