Project Summary
A leading paper and packaging manufacturer underscores its dedication to to delivering innovative and environmentally sustainable products through strategic technological investments. The company is investing in modern CapEx solutions to replace conventional spreadsheet-based budgeting and improve operational efficiency.
To achieve this, the company implemented IQX CAPEX, a Capital Expenditure Management Solution integrated with its SAP Investment Management system. This solution streamlines capital expenditure management, offering an intuitive interface that fosters seamless collaboration among all stakeholders.
This case study highlights the company’s successful utilization of IQX CAPEX to optimize their financial operations. In doing so, they demonstrate their commitment to sustainability and cutting-edge technology.
Project Summary
A leading paper and packaging manufacturer underscores its dedication to delivering innovative and environmentally sustainable products through strategic technological investments. The company is investing in modern CapEx solutions to replace conventional spreadsheet-based budgeting and improve operational efficiency.
To achieve this, the company implemented IQX CAPEX, a Capital Expenditure Management Solution integrated with its SAP Investment Management system. This solution streamlines capital expenditure management, offering an intuitive interface that fosters seamless collaboration among all stakeholders.
This case study highlights the company’s successful utilization of IQX CAPEX to optimize their financial operations. In doing so, they demonstrate their commitment to sustainability and cutting-edge technology.
Identifying the Challenges to Integrated Investment Management
The company identified significant challenges in their financial management practices, arising from their reliance on manual methods and the absence of an integrated Investment Management system. These challenges include:
Manual Processes
Time-consuming and error-prone manual processes lead to inefficiencies in managing investments and budgets.
Lack of Real-Time Visibility
The lack of real-time visibility into budget and investment data makes it difficult to monitor financial performance, track spending, and respond to changing financial conditions promptly.
Lack of Automation
The absence of automation in workflow processes causes delays in approvals, reviews, and tracking of investment proposals and budget requests, hindering responsiveness and decision-making.
Difficulty Gaining Insights
Difficulty in gaining insights into budget performance, investment returns, and overall financial health due to the lack of robust reporting and analysis capabilities.
Dispersed Information
Information related to investments and budgets is scattered across various spreadsheets, documents, and systems, making it difficult to have a centralized and up-to-date view of financial data.
Absence of a Centralized Platform
The absence of a centralized platform for budget and investment management hinders collaboration among team members and stakeholders.
These challenges collectively prompted our client to seek a comprehensive solution for transforming their Investment Management practices.
Manual processes
Time-consuming and error-prone manual processes lead to inefficiencies in managing investments and budgets.
Lack of real-time visibility:
The lack of real-time visibility into budget and investment data makes it difficult to monitor financial performance, track spending, and respond to changing financial conditions promptly.
Lack of Automation
The absence of automation in workflow processes causes delays in approvals, reviews, and tracking of investment proposals and budget requests, hindering responsiveness and decision-making.
Difficulty gaining insights
Difficulty in gaining insights into budget performance, investment returns, and overall financial health due to the lack of robust reporting and analysis capabilities.
Dispersed information
Information related to investments and budgets is scattered across various spreadsheets, documents, and systems, making it difficult to have a centralized and up-to-date view of financial data.
Absence of a Centralized Platform
The absence of a centralized platform for budget and investment management hinders collaboration among team members and stakeholders.
A Complete Solution that Transformed CapEx Management
Our client’s journey towards optimization led to the adoption of two transformative solutions: OneList Approval and SAP Fiori Applications. These choices were not made in isolation but were driven by the need to consolidate and mobilize approval tasks across multiple systems into a singular, mobile-enabled user experience. Here, we take a detailed look at the solutions and the benefits they aim to deliver.
OneList Approval
OneList Approval is a solution that consolidates and mobilizes approval tasks across multiple systems into a single, mobile-enabled user experience. It offers the following benefits:
- Immediate notification of assigned approval tasks
- Contextual business data and supporting documentation
- More effective and timely decision-making
- Overall efficiency improvements
OneList Approval seamlessly integrates with all request apps. This offers users convenient approval capabilities across various interfaces, including:
SAP Fiori Applications
IQX CAPEX is a digital transformation solution that uses Fiori Applications to streamline and optimize the Investment Management process. It consists of a suite of highly customizable apps that address the entire capital expenditure (CAPEX) process, from budgeting and expenditure approval to project and internal order management. IQX CAPEX leverages existing SAP infrastructure and can be supported by the existing SAP Team. The key SAP Fiori apps deployed in our client’s CapEx transformation project included:
Achieving Success through Integrated CapEx Management
The IQX CAPEX Solution is a powerful tool that helped this organization with its financial management challenges and transform its CapEx process. With IQX CAPEX Solution, this major packaging and paper manufacturer can now:
Choose IQX for Your CAPEX Management Transformation
IQX CAPEX is an end-to-end, flexible and customizable CAPEX process solution. We are the leading SAP-based capital expenditure solution on the market, delivering an immediate ROI to finance teams around the world.