SYSTEMS SET-UP AROUND ERP & SATELLITE SYSTEM (Automation) – One of India’s Largest domestic airlines.
Problem Statement
• There was a need to track costs under major heads using a proper tracking system, including fuel costs, airport charges, etc.
• Measurement of costs had to be done through Key Performance Indicators (KPIs).
• Accounting and related cost identifiers was required to be integrated and directly pushed into the ERP system.
• Automation was to be considered for fund collections from travel agents, with integrated accounting.
• It was imperative to establish efficient movement tracking for engineering purposes.
Solutioning
• Developed state-of-the-art fuel costing and airport charges tracking modules by customizing the ERP system - SAP. These modules enabled end-to-end tracking of fuel costs and airport charges, encompassing various financial validations and accounting entries within the system. Consumption of Fuel, tracking of Airport charges, with passenger offtake on flight, was built in within this automated system.
• Successfully implemented an end-to-end automation system for the agent's funds collection process. This automation was achieved through a direct integration between the bank and the revenue application and accounting systems. Virtual account concepts were introduced, linking each agent to virtual account. Agents could now benefit from a complete automated process for moving funds to the company, resulting in enhanced efficiency and accuracy. The integration allowed seamless and real-time transfer of funds from the agents' accounts directly to the company's account and directly reflected the balance to the agents booking account.
• An architecture had been meticulously designed to facilitate the seamless flow of data and accounting between the billing engine and the engineering application. This architecture served as a robust framework that ensured efficient integration and communication between the two systems and copy of data in form of accounting and MIS/ ERP to the main system.
• Successfully implemented a budgeting tool that worked in conjunction with funds management and control processes. This implementation ensured effective financial planning and oversight within the organization. It thereby restricted purchase requisitions/ orders and direct costs booking to allocated budgets. Workflow of approval for budget was also enhanced etc.
• The company developed a vendor master and invoice submission module to streamline the process for agents, vendors, and other stakeholders. This module served as a centralized platform for managing vendor information and submitting invoices.
• Implemented an accounting and system set-up specifically designed to support its expansion into international operations.
MISSION
To develop and maintain long lasting and healthy client relationships by providing state-of-the-art technological solutions through continuous support and enhancement thus creating an environment of trust and respect.
VISION
To be the benchmark for Program/Project Management in Business Consulting and process definition domain that creates innovative aspects of Financial Solutions
To be recognised for the integrity of our people, the ethics of our business practices and the quality of our service.