The client is one of the largest manufacturers in Europe, with facilities spread across different parts of the world. The client has highly complex finance & accounting needs and deals with a high volume of transactions. Exponential business growth in the last few years has only added to the complexities of finance & accounting processes.
The QX team played a proactive role in software migration, process optimisation & AP automation, helping the client embark on their digital transformation journey. Some of the key highlights include:
Oracle migration: Supported the seamless data migration from the existing software systems to Oracle; played a key role in user acceptance testing of the Oracle software; trained the in-house team in troubleshooting Oracle to reduce dependency on Oracle consultants.
Accounts payable purchase invoice processing workflow automation: Active support for implementation, testing, feedback on validating workflow & assistance for identifying and designing end-to-end process workflow in order to maximise benefits of this automation.
Process reengineering: Processing approximately 6,000 purchase invoices every month through Client ERP system and monitoring and controlling daily import to Oracle Financials, delivering a high rate of accuracy.
Accounts receivable support: Taking up entire sales invoice generation and cash receipt allocation process. Maintain a response time of 1WD response for supplier queries and 4-hour response time for internal queries
Speedier Management accounting: Standardising processes across sites, achieving zero invoice backlog, reducing the TAT from 7 days to 3 days.