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Invest for Excel and scheduled trainings - the foundation of effective Capital Budgeting

May 14, 2018

Consistency and transparency are critical for assessing alternative investments meaningfully and effectively.

Establishing a common language and evaluation system is important. It is also very useful to be able to assess investments over time, comparing present investment options with decisions and options from the past.

This provides a solid ground for preparing, prioritizing and proposing decisions at hand and in sight. Invest for Excel is providing a platform and clear criteria which enables an effective capital budgeting process and supporting important enhancing iterations for the investment plans and projects themselves.

For keeping up high standards in assessing investments enabled by Invest for Excel, it is important that the organisation maintains and develops further the skills to use the platform. This is true especially when new people without similar assessment background or culture are joining the Finance teams.

People are changing roles and organisations can grow to new geographies or businesses, new people are coming on board. Scheduled - or minimum annual - training for the Finance staff is recommended in these situations. Our experience shows that during training days, in addition, organisations can learn tremendously about their own businesses and valuations and the training days evolve often to consultative Capital Budgeting Development days.

Invest for Excel is the best possible platform for Capital Budgeting Planning. Yet, the maximum value is achieved by establishing the competence and culture to understand the beauty of the platform and using it - and further, develop the competence over time and across teams and individuals. Be the Masters of Capital Budgeting.

Malgorzata Jargan

VP, Business Solutions EMEA
Datapartner Oy
Email: mj@datapartner.fi