Cash Expenditure Management Solution (Capex)
The Client
India’s leading food and Beverages Company and largest multinational investor in
India. The group has built an expansive beverage and foods business. To support
its operations, our client has established 43 bottling plants in India, of which
15 are company owned and 28 are franchisee owned.
The Challenge
With growing market establishments and employee strength, it had become vital for
our client to put into place a robust system to handle cash expenditure requests.
Hundreds of cash requests are initiated by the plants and operation units for operational
purposes, which kept pending on mails and reported on complex, excel sheets. With
manufacturing and production units being set up across the country; our client faced
the complex process of approvals from numerous managers from across the organization
and locations. Critical investment decisions are often delayed of lost in the volumes
of paperwork. In addition, approvals over verbal and email communication are creating
inconsistency. Management lacks visibility and transparency to
see where the requests
are pending in the organization tree and expedite the process. The lack of a single,
defined process makes the job of tracking and managing capital expenditure requests
difficult and time consuming
The Solution
COMM-IT consulted our client to implement workflow based business process management
solution (BPMS) to remove bottlenecks in their cash approvals .Developed on Microsoft
.NET framework synchronized with our client’s investments on Microsoft technology.
The solution’s backbone is its scalable architecture which embeds BPM engine which
is customized to sustain complex organizational hierarchies. The cash requests now
are properly channelized basis its amount and region, the initiator can attach supporting
documents for its approval. Using CAPEX, staff members generate approval requests
and managers respond using a single web-based application. Each request is tracked
and managed to provide business managers with up-to-date information for all capital
expenditure purchases. The application allows each request to be submitted, received,
reviewed, approved, tracked, monitored, and reported. Managers are now confident
that they are making the right investment decisions within the company's budget
-- ensuring that localized objectives are aligned with the company’s strategies.