Vendor GST Invoice Automation
Service offering:
Intelligent OCR solution combined with RPA and ML technologies driven by approval workflow assists the clients to effectively automate their AP process as below:
- Intelligent OCR auto extracts invoice data from scanned files and sends data to RPA system
- RPA extracts PO and GRN data and performs 2-way/ 3-way match with invoice data and handles exception
- RPA uploads matched invoices into ERP and processes vendor payments, posts GL entries and sends remittance advise to vendor
Client issues addressed:
Most organisations process Accounts Payable (AP) manually by keying in the invoice details into their ERP systems (SAP, Oracle, etc.) and process payments -manually, which has the following issues:
- Manual & time consuming
- Data accuracy
- Scalability when there is huge transaction volume
- Potential control issues
Benefits:
- Productivity savings of c. 30-40% by reducing manual effort
- Can handle very large volumes as compared to manual processing
- Improved accuracy and controls
- Doesn’t require any changes to existing IT infrastructure
Financial Planning and Analysis (FP&A)
Service offering:
- FP&A maturity assessment and diagnostic study
- Alignment of FP&A to overall strategy through business analysis – strategy workshops
- Define scope, metrics and establish leading practices based on robust market research
- Identification of right talent and build Centre of Excellence with defined R&R
- FP&A operating model transformation
- Define process and sub process within FP&A and prepare SOP and policy manual
Client issues addressed:
- Budgeting takes too long with multiple versions making it hard to track
- No standard policy or operating procedures across organisation
- No system controls
- Manual driven budgeting and forecasting with approvals happening over emails
- No real time view on budget vs actual and variance
- Inaccurate reports and dashboards with not clearly defined KPIs
Benefits:
- Real-time reports and dashboards that gives an accurate view of budget, actuals and variance
- Standardised processes and policies across organisation
- Better and faster decision making
- Enhanced system controls and workflow reduces error and re-work
- Better position your organisation to act on opportunity as business dynamics evolve
- Increased collaboration among stakeholders
- Minimum time spent on budget process
ERP Selection
Service offering:
- Business process maturity assessment and diagnostic study and align to overall strategy
- Define scope, metrics and establish leading practices
- Basis the interviews, prepare process, sub-process, and activity level details for all the identified processes with roles and responsibilities by department. Detail the functionalities required in future state.
- Evaluate a set of available ERP software basis the criteria developed in consultation with the senior management
- Score the tech products /software available for the criteria that is needed across various parameters
Client issues addressed:
- Align business processes across organisation through elimination of repeatable processes, process standardisation and simplification and finally automation
- Maintain standard policies, procedures or operating procedures across organisation
- System based controls and workflows with segregation of duties with defined roles and responsibilities
- Accurate reports and dashboards with clearly defined KPIs
Benefits:
- Best-fit ERP solution with the benefits of industry leading practices
- Implementation plan and approach (big bang, functional rollout, etc.)
- Business case with TCO and ROI understanding
- Clearly defined detailed execution plan with pre-requisites/ dependencies for technology implementation
Open-source ERP
Service offering:
Odoo (On-Demand Open Object) is a modern age open-source ERP. Some of the key services that we offer are:
- Business requirement and gap analysis
- Odoo configuration and end-to-end implementation (including system testing and end user training)
- Integration with 3rd party apps, Banking channels, E com website, etc.
- Data migration from different ERPs
Client issues addressed:
Small and medium enterprises, particularly, e-commerce, retail, FMCG, manufacturing, pharma, oil & gas and service sector, with fragmented systems or in Tally or any third-party ERP or no ERP and manual driven processes with less or no controls have been considered for Odoo ERP implementation with issues addressed:
- Automated and integrated solution (Increased efficiency by 40%)
- Reduction in the time spent on month end closures
- Reduced manual processing (Hours saving of 20 %)
- Better compliance and business process management
Benefits:
- Cost effective: Low deployment/ license cost
- Reliable and user-friendly UI/UX with simple navigation and configuration, attachable audit trails and mobile enabled solution
- Highly customisable as per business requirements, Python and PostgreSQL based web platform and ownership of source code to clients
- Seamless integration with all cloud platforms, Odoo apps, marketplaces & banking channels, 3PL logistics
- Strong worldwide community with 20,000 + community members and development centres across the world
Management Information Services (MIS)
Service offering:
- Information CoE & strategy for long term data analytics foundation and target operating model
- Enterprise Data Management on MDM strategy, assessment and BDW architecture advisory
- Data Integration in profiling, mapping, transformational rules and dimension management
- Advanced visualisation for multilayer, interactive visualisation for both data mining and consumption
Client issues addressed:
Business Intelligence in:
- Evaluating and enabling data driven decision making
- Rationalising data and measure discovery for clear KPI overview
Benefits:
- Data Security
- Data Quality Management
- Master Data Administration
- Meta Data Convention
- Data Governance Structuring
- Data Technology Platforms
- Advanced Analytics on statistical modelling and forecasting, predictive analytics and machine learning
