TRADING and MIS

TRADING and MIS Specially Customised for

MULTI – LOCATION TRADER

IMPORTER of OPTICAL INSTRUMENTS NEEDED FOR CONSTRUCTION INDUSTRY

CHALLENGES

This customer has more than 10 locations all over India with imports, multi-state sales with inter-branch transactions included.

All of these branches had their individual Tally licenses and made entries in their own fashion.

This always lead to delay in central reporting and MIS generation, which again kept on generating in Excel sheets and the exercise took almost half a week every month.

SOLUTION

  • We abolished multiple licenses and consolidated all companies on a single TallyPrime license hat is working in Tally On Cloud (TOC) environment.
  • We then brought in stricter control on masters generation where a central database would replicate masters across the companies thereby creating uniformity.
  • Every transaction now has essential Cost Center capturing mandatorily thereby providing basis for MIS.
  • The MIS is now generated by treating all the companies as Group Companies and a centralized report with facility to dig company-wise data is also possible.

BENEFITS

Reduction in Errors (as Masters are generated centrally and also because tighter control on data entry is established)

Increased Accuracy (as uniformity is established and all essential details are captured always in transactions)

Reduced Time (as individual changes are stopped and uniform data extraction has begun. Now the MIS reports are generated within no time as the need for data export and external applications like Excel for reporting are rarely needed.)

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