Authorisation for Expenditure
The Authorisation for Expenditure Solution Accelerator for Maximo enables the creation and administration of AFEs through Maximo.
The AFE Register includes details such as values, description, justification, forecast dates, value splits, partners, owners and approvers.
The solution allows AFEs to go through multiple statuses for the management of initial approval, supplements and closure. The approval can be automated through workflow processes, ensuring that internal delegation of authority rules are adhered to.
- Creation & administration of AFEs
- Status enabled and electronic approval
- Chart of accounts
- Current and exchange rates
- Supports multiple ventures and partner shares
- Allows cost control
- Fully integrated with SunSystems and other financial management systems
- Revision Control
- Multiple reports