Configuring and Managing Processes and Process Flow

Most of the functionality in Axiom Capital Tracking revolves around the process of tracking and monitoring capital projects. While the exact steps in the process may be customized to suit your organization's preferences, the general workflow is as follows:

1. The capital project requestor (typically a department manager or director) enters a capital project request. Anyone with access to Axiom Capital Planning or Axiom Capital Tracking can create a capital request.
2. The VP reviews the request, and approves or declines it. If declined, the Owner can make changes and resubmit to the VP for approval.
3. After approved by the VP, the request is reviewed by various stakeholders (IT, Facilities, Clinical Engineering) for comments and feedback.
4. After reviews are complete, the capital committee and/or designated approver(s), prioritize and approve the capital requests.

The Process Management feature in Axiom Capital Planning automates much of these processes by running certain back-end tasks automatically and notifying users involved in the process when their intervention is required.

For instance, when a new capital budgeting year begins, Process Management can notify all managers/budget owners to submit capital project requests, and then compile all the submitted requests into reports, and notify executives to review them.

Axiom Capital Tracking comes with a predefined processes, but you may also design your own.