VSNL plumps for SAP R/3

By : |October 30, 2000 0

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.

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