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Use BAP Software to Get CapEx Management and Procurement Working Together
Spend and cash flow management are always high on a CFO’s priority list. Because of the implications for finances, purchasing and expense management are typically also a high priority. Managing large-scale expenses typically takes center stage, but everyday expenses also […]
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Here’s What Good Capital Project Management Software Looks Like in 2023
In the modern business world, the more you can automate basic processes the better. Your employees have better things to do than keep track of which Excel file represents the correct budget or sift through dozens of emails trying to […]
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Tips for Using Software Tools To Stop Losing Money in Capital Project Management
How efficient are your company’s capital projects? According to business experts, about 30% of the costs involved in large capital projects are wasted. And the experts say this isn’t a baffling number, given the complexity and often changing nature of […]
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Capital Expense Management, Procurement, and Your Year-End Budget for 2022/2023
As we draw near the end of 2022, it’s time to start thinking of your 2023 budgets if you haven’t already. In the modern business landscape, things change so quickly that you can’t rely on last year’s budget when starting […]
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It’s 2021… Do You Know Where Your Budgets Are?
Finalizing numbers and gathering information from the prior year is a huge goal for the first month of a new fiscal year. For many companies, deadlines are getting closer and the pressure for fast, accurate reporting is increasing. Having immediate […]
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What Can The Finance Department and HR Learn From Each Other About Balancing Short- and Long-Term Goals?
At first glance, it might not seem as if the departments managing company finances and those managing employees have much to do with each other. Isn’t there a big difference between balancing a budget and retaining employees? Or between managing […]
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The Role of Automation in Managing Capital Expense Projects In The Manufacturing Industry
This is the second post in our new Automate Your Industry blog series. Today, we’re focusing on specific ways companies in manufacturing can benefit from NextProcess’s software modules. (We’ll have more industries coming up in the next few weeks.) You […]
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A Quick Guide to Getting Started with Rolling Forecasts
Rolling forecasts are widely regarded as a useful and reliable alternative or addition to traditional budgeting for the modern business world. In a rapidly changing business landscape, static budgets simply aren’t responsive enough to give many companies the flexibility they […]
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How to Choose between Rolling Forecasts and a Static Budget
How do you know if your company is using the best budget and forecast model? Most companies use a traditional, static budget to make predictions about their expected revenue and planned expenses. It’s the tried-and-true method people have relied on […]
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Here’s Why You Need Capital Project Management Software For Your ERP Software
Enterprise Resource Planning (ERP) systems play a key role in managing a company’s internal departments. They’re designed to streamline and integrate a wide range of business processes including accounting, financial reporting, purchasing, and much more. They’re a beneficial system for […]
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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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