Authorisation for Expenditure
The Authorisation for Expenditure Solution Accelerator for Maximo enables the creation and administration of AFEs through Maximo. It 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 is adhered to. It also allows the creation of multiple revisions for each AFE which can be used for supplements or changes to the AFE while holding the history of the AFE.
The AFE Solution Accelerator allows for Cost Control through either cost monitoring or through the control of cost directly through Maximo workflow. It can be integrated with your finance application to ensure other costs such as time writing or manual adjustments are also recorded. It also manages the Maximo chart of accounts ensuring that only valid combinations of accounts and cost codes can be used.