# 5 Best Practices for Streamlining Your CapEx Approval Process

**Author:** Banner Team
**Published:** January 8, 2024
**Category:** Best Practices
**Read time:** 4 min

> Learn how top-performing real estate companies are reducing approval times by 60% while maintaining proper controls and oversight.

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A slow approval process can delay critical capital projects and frustrate your teams. Here are five proven strategies to speed things up without sacrificing control.

## 1. Implement Tiered Approval Thresholds

Not every expense needs C-suite approval. Set clear thresholds that match spend amounts to the appropriate approval level, allowing routine expenses to move quickly while maintaining oversight on larger items.

## 2. Standardize Your Request Format

Incomplete requests cause delays. Create templates that capture all necessary information upfront, reducing back-and-forth and speeding up decision-making.

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*Originally published at [withbanner.com/home/blog/5-tips-capex-approval](https://withbanner.com/home/blog/5-tips-capex-approval)*