Wipro
partnered with this infotainment giant to fructify
Day One Financial Closing (DOFC) across 26 of
its cross-functional units and plants. The objective
was to provide a summary and projections for financial
data at the end of each month, instead of the
middle of the following month. Our solutions which
comprised implementation of Oracle R 10.7 and
Oracle R 11.03 suite of solutions, helped “cut–off”
sales and inventory transactions at a pre-defined
day and time before month-end (day minus 1). The
key challenge was of integrating various subsidiary
systems to Oracle across these 26 cross-functional
and geographically separate units, involving 3
Time Zones and 3 countries. Further, our solution
ensured centralized tracking of corporate-wide
non-trade invoices, drastically cutting cycle
time and errors. We also implemented a central
system for the settlement of inter–company
transactions across all affiliate companies, including
the head office. This resulted in significant
savings in terms of transaction cost, interest
paid to banks and currency hedge. |
