Case Study: Wayne Farms accelerates capex approvals with Finario

Wayne Farms cuts Capex approval time by 60% with Finario

Wayne Farms, a leading poultry producer, faced significant challenges in its capital expenditure (Capex) management process. Its outdated system was inflexible, detached from budgeting, and created major workflow disruptions, especially when the sole administrator was unavailable. To address this, the company selected Finario's cloud-based Capex management solution to automate and improve its entire capital planning and approval process.

By implementing Finario, Wayne Farms streamlined its capital approval workflow, reducing the average time to route a Capital Approval Request (CAR) by 60%. This allowed some projects to move from request to purchase order issuance within a single week. The solution provided by Finario also enabled better reporting, updated forecasts, and improved overall efficiency, proving invaluable for managing the company's substantial $100-$150 million Capex budget.

Wayne Farms