Capex planning provides a means to analyze existing projects, asset types or asset details, and to plan for acquiring new assets in the future. Along with those assets, depreciation, useful life and associated expenses are automatically calculated and incorporated into the capex plan, with those totals automatically incorporated into the integrated plan for the organization. Companies can budget for the future and see how acquiring new assets affects future performance for the organization, creating different scenarios to understand impacts. New asset submissions and an approval process can also be built in, to plan for future purchases for departments and business units based upon various assumptions.