Capex Approval: Controlling investments and large purchases
Approving a coffee purchase is easy. Approving a $500k machine purchase (Capex) requires a rigorous flow. Jestor allows creating complex approval hierarchies (Manager > Director > CFO > CEO) ensuring large investments remain within budget.
Goodbye to "Approval Emails"
Approving investment via email is flawed. Emails get lost, audit can't find them. In Jestor, the flow is locked:
- Request: Engineering asks for the machine. Attaches 3 quotes.
- Review: Finance validates ROI.
- Tiers: If value > 100k, goes to Director. If > 500k, goes to CEO.
- Purchase: Only releases the Purchase Order after final Sign-off.
Budget vs Actual
The system crosses the Capex approved at the start of the year with what is being spent. "We have $1 million for machines. We spent $800k. Only $200k remains."
Frequently Asked Questions (FAQ)
What is Capex? Capital Expenditure. Expenses for investment in capital goods (machines, buildings, computers).
Does Jestor do depreciation? It controls the purchase. For accounting depreciation calculation, it sends data to the ERP (SAP/Oracle).
How to audit? Jestor's Log shows: "CEO approved on the 12th at 2:00 PM." This is proof for external audit.
Conclusion
With Jestor, you ensure company money is invested with responsibility and governance.
Control your investments:https://jestor.com/