Case Study

Case Study

Overview
Dubai-based Industrial Conglomerate Partners with KPIT and Streamlines Business Processes with Oracle JD Edwards EnterpriseOne 9.1
Customer Overview
The customer is a Dubai-based industrial conglomerate and one of the UAE’s pioneering organizations. They provide a wide range of services – architecture and engineering consultancy, interiors design, real estate, hotel apartments, furniture, lighting systems, and transportation.
Highlights
 
Industry
Service-oriented
Project Footprint
Configured JD Edwards EnterpriseOne 9.1
 
Business Situation
As they were growing, the customer faced multiple challenges with the outdated ERP system which had become one of their biggest roadblocks to cope up with the competitive market needs. Some of the key challenges faced by them include:
The ERP system was ill-equipped to support multi-currency transactions, as a result of which the organization had limited functionality of such transactions and missed to tap many global business opportunities
Improper management of company expenses, as the system was unable to bifurcate the additional cost such as brokerage on shares, stock exchange fees, consultation fees, expert advice on purchase and sale of different asset classes
Uploading market value (shares/stocks) was time-consuming and had compatibility issues
There were inaccuracies in the MIS reports generated, which further led to mismanagement of information and poor decision making
Being an offline software, it had no backup in case the system crashes or some mishap takes place. In addition, the data needed to be separately backed up
Solution
Implemented JD Edwards EnterpriseOne 9.1 which enabled the customer to respond more quickly to changing business environment, streamline financial processes, and improve accuracy of reporting
Incorporated Distribution and Finance modules within JDE as Portfolio Management System (PMS) by using E1 functionalities
Provided integration and flexibility for the business needs to optimize their payables process
Integrated financial information in real time that helped the business meet financial consolidation and reporting needs of a complex business environment
Provided facility to capture bank and broker information during transaction with the option to enter flexible fees like brokerage, consultation, exchange, subscription, and placement
Enabled uploading of historical data for all purchases and sales transactions of the business
Met critical statutory requirements of the auditor and ensured JDE Trial Balance matches for each year
Benefits Realized
Streamlined operations: Improved usability, minimized human errors thus enhancing report accuracy and enabling easy accessibility of information
Implemented additional reports: Based on key financial Metrics like Securities and Funds Ageing Analysis & XIRR (Extended Internal Rate of Return)
Accurate Forecasting: Accurate calculation of Return on Investment (ROI) by capturing 'acquisition date' of historical data
Enhanced MIS reports: Business information available in high-quality reports which are accurate and reliable
Detailed data capture at transaction level: viz. purchase, sales etc. with the option to enter flexible fees viz. brokerage, consultation, exchange, subscription, and placement
Robust tracking mechanism: Customer is now able to track the investment in various asset classes and multiple currencies with key profitability values and also able to track key metric such as CAGR in detail
Financial consolidation: Financial consolidation of all investments under a single reporting currency .i.e. AED Customer is now able to consolidate the multiple currencies into AED at any given point of time and can calculate the total investment both in reporting currencies (AED) and respective foreign currencies.

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CIN: L72200PN1990PLC059594