Planning for Existing assets through lights on the assets that the organization is planning to dispose of in near future. Planning for existing assets put light on various expenditures which are going to be incurred by the organization on various assets in the form of Depreciation, repairs, Maintenance, insurance, and others. A Capital module of Oracle cloud EPM facilitates planning for existing assets.
Strategic decision makings like funding and InvestmentĬapital Planning Process in EPBCS Existing Assets PlanningĮxisting assets are those assets that Form Part of the Capital asset portfolio of an organization.The Product also allows to define its custom element to accommodate any specific requirement.Anticipating the impact of Transfers, Impairment, and Retirement on the Financial Statement.Requesting and approving Capital Expense plans.
#CAPITAL PLANNING AND BUDGETING DRIVER#
#CAPITAL PLANNING AND BUDGETING MANUAL#
Manual and Time-Consuming process tends to Human Errors.Inadequate Capital Requests trends to surpass Capital Budgets.Difficult in mapping Capital Spending with Organization’s Strategic Plan.No tracking of capital investments with the Organization’s Funding Capacity.Cross-Functional Teams gets the proposed capital budgets too late.Inadequate transparency in Capital Investment.Of late Enterprises are realizing that there should be an appropriate and robust mechanism to track the Capital Investment already made, and the capital investment which is going to be made in the future. One wrong decision in terms of capital investment would prove Fatal to organization as whole. Historically Assets have been treated as an afterthought –managers pay attention only when something goes wrong.
0 kommentar(er)
