VSNL plumps for SAP R/3

BANGALORE: SAP India has announced the implementation of its SAP R/3 FICO

(finance and control) module at VSNL to streamline its financial accounting

process across the country. The FICO module is designed to consolidate the

financial status of an organization on a real-time basis. With this

installation, VSNL will be able to consolidate its financial accounting data

from all its centers for online business analysis.

SAP R/3’s FICO module comprises an online enterprise interface that enables

VSNL to capture the accounting and costing process related to products,

customers and services to build a backbone for budgeting and control. The

solution links VSNL’s 17 offices across India and integrates their different

accounting packages with the headquarters in Mumbai. The solution will enhance

the efficiency in the audit process of all financial transactions.

"With the implementation of SAP R/3, VSNL has established a base

platform for a common online database that has resulted in standardization of

core financial business processes and implementation of best practices. It is

the first step in the company’s objective of achieving competitive advantage

in the marketplace that it operates in. It is also part of a larger strategy

that covers IT tools and solutions for optimizing business processes, data

analyses and new initiatives in the field of finance and control," said

VSNL managing director Amitabh Kumar.