Streamline asset management
Planning capital expenses is a crucial function for finance organizations. Stakeholders need visibility and control over the lifecycle of assets to quantify and plan impacts on financial health. The Jedox Capital Expenses (CapEx) solution provides comprehensive accountability of asset measures into cost centers, P&L, and balance sheets – supporting decisions and analysis of an organization’s highest-impact expenses.
Reliable planning of high-value capital assets is needed
Capital investments are typically the highest-impact expenditures a company implements. They are often scrutinized, understandably, and must be carefully planned to ensure financial success. A well-executed capital investment signals fiscal health, while an expenditure with limited analysis indicates reckless behavior and potentially poorly managed debt. And there’s no hiding them – capital expenses are displayed prominently in financial statements and discussed in annual reports.
Managing these important assets can be complicated. A central challenge in administering capital expenses is calculating and distributing depreciation of assets to cost center and P&L plans, while at the same time quantifying future values based on the lifetime of an asset. Streamlining these complex calculations is key to reducing error while gaining visibility.
Complement your financial stack with the pre-built Jedox CapEx solution
The CapEx solution has built in best-practices – such as depreciation periods automatically selected according to asset class – to help streamline planning and tracking, ensure full traceability, and accelerate external reporting according to international standards such as GAAP and IFRS.
Finance transformation starts with a unified view of performance. The integrated Jedox platform not only enables finance to provide flexible management reporting, but also empowers other business functions to get the information they need quickly from a single source of truth.
Discover our prebuilt solution for capital expenses
CapEx – A dedicated solution integrated into the Jedox platform
The Jedox Capital Expenses solution automates calculations and illuminates high-impact capital-related KPIs while integrating with the Jedox platform for a wider view and control over the business.
Quickly get started and easily add assets over time
Upload assets from any source such as ERP systems, third-party BI tools, or Excel files. Easily add more assets directly into the model over time.
Illuminate key metrics using purpose-built reports
View CapEx KPIs at-a-glance using automated reports including drill-downs into individual assets over time, specific measures over time, and various assets per month.
Gain a full understanding of financial measures
CapEx integrates with the Jedox Integrated Financial Planning model to quantify the impacts of planned and existing expenses on cost centers, P&L, and balance sheets, helping to drive informed decisions and make easy and reliable work of asset planning.