Decision makers must have the relevant information needed to rationalize the investment opportunity. In most cases, they must make decisions against competing investments in order to optimize the use of their limited funds. Some of the common challenges we find today with this process are as follows:
Of the seven challenges identified above the most common is the lack of a standard process for managing business cases. In most large organizations we find that the process is disparate and often managed on a one-off basis. Different groups have different spreadsheets, assumptions, and calculations and they work their way up the approval chain differently.
Executives are frustrated with looking at different formats and not having the appropriate data to rationalize and prioritize the business cases presented.
The best way to solve these key challenges is to automate the process in a source system. This will allow for standardization, a structured process, accurate financials and knowledge management.
Inpensa’s custom solution solves every single one of the above problems. Allowing companies to focus on growth and not spreadsheets. Easily shareable with team members means Inpensa’s solution is collaborative. It also means our Business Case Management System has the ability to be viewed by anyone on the team at any time for progess, report checking, and version control all the way to final approval.
Learn more about our Business case Analysis and Development Here
