Capital Acquisition & Procurement Management (CAPM) Framework

The inability to make capital acquisitions in a timely or cost-effective manner can impede an organizations growth and ability to expand in response to business needs. Without disciplined capital acquisition processes, companies are challenged to meet the demand for services, mission critical infrastructure flexibility and sustainment by economical means.

In most cases, capital acquisition processes are stymied by the following:

• Inability to effectively track the status of requests
• Difficulty circumventing bottlenecks
• Delays in the approval process leading to missed purchasing opportunities and increased spending
• Lack of real-time visibility into and reporting on pending and completed capital acquisitions
• Inflexible software that is unable to adapt to changes in the business environment

Talisen CAPM automation can accelerate time-sensitive processes like capital acquisition, which require close monitoring and speedy reporting, ensuring that companies are able to grow with confidence. With a BPM-based capital acquisition solution, companies can:

• Initiate, track, and approve their capital acquisition requests in real time through web-based dashboards
• Fast-track urgent acquisition requests and change priority levels on requests that have been delayed
• Make in-flight changes to the process in order to circumvent bottlenecks and confront changes in the business environment
• Gain full visibility into proposed, pending, and approved capital acquisition requests and then generate dashboard-style analytics reports based on their expenditure budgets

Organizations are challenged to effectively manage its portfolio of capital assets to ensure limited resources are wisely invested. Talisen CAPM Automation integrates the planning, acquisition and management of capital assets into the budget decision-making process, and greatly improves agencies in ability to control asset management and in complying with the results-oriented requirements.