The Capex Approval Process is the official business definition for the process of approving capital expenditures. This process is a critical part of the financial planning and management of any business, as it ensures that any large capital investments are properly planned and justified. The process typically involves a review of the proposed investment by the company’s senior management, a thorough assessment of the financial and operational implications of the investment, and a decision to approve or reject the proposed expenditure. In some cases, the approval process may also involve obtaining the approval of shareholders or other stakeholders. The Capex Approval Process is designed to ensure that any capital investments are properly planned and justified, and that the company is making the best use of its resources. This process is essential for any business to ensure that its capital investments are sound and that the company is making the most of its resources.