Scalability: The transition to the new ERP system ensured scalable solution capable to meet current and future business volume (double in four years) without any significant changes in current support staff
Accuracy: The financial reconciliation process effort was reduced by 14 man hours per month that eliminated human error factor to a considerable amount leading to enhanced accuracy
Time and cost savings: The optimized architecture improved the inventory turns by 10% and reduced goods inward cycle time by 10%. Wait time for outbound carriers is reduced to 30% due to increased system performance.
Streamlined process: The upgraded infrastructure helped the company streamline intricate financial reconciliation processes thereby increasing efficiency and improving performance. As the goods are now visible in transit at any given point, the inventory has been reduced across supply chain. Receivables function has become more transparent and accurate. Ageing analysis of receivables is now feasible facilitating enhanced cash flow
Simplified Reporting: Having a flexible platform for financial reporting though creative re-design of Chart of Account (COA) and financial calendars has resulted in the simplification of financial reporting process. Some of the manual activities in India statutory reporting have been eliminated thus making the reporting process simpler and faster.