Finario, the first enterprise software solution purpose-built for capital planning, has announced a partnership with TLC Technologies, a global leader in Corporate Performance Management (CPM) integration and consulting services, to create CapexConnect™ — a specialty practice helping organizations adapt to fluctuating capital investment priorities and approaches born of today’s uncertain and ever-changing economic and supply chain outlooks.
“Last year, the pandemic caused many companies to significantly cut back their capital spending, while this year there is ample evidence that Capex budgets are increasing dramatically,” says Tom Foley, President & CEO of TLC Technologies. “This gyration from Capex contraction to expansion has put many large enterprises on notice: the ability to leverage data, adjust portfolio allocations and pivot quickly is critical. CapexConnect™ is designed to bring a laser-focused, best-in-class strategy and process, enabled by Finario’s world-class technology to help them do just that.”
“We’re excited to be partnering with TLC Technologies to meet an urgent and growing need,” said Robert Fitzgerald, SVP of Alliances at Finario. “CapexConnect™ represents a new way of approaching the digital transformation and collaboration between corporate finance and operations. TLC has a mastery of the CPM space, which when combined with Finario’s project focused expertise in capital planning, provides large enterprises with the thought leadership and technology they need to prioritize, optimize and assess the effectiveness of their investments.”