Raymond Limited - Group Financial ConsolidationThe Perfect Man becomes more intelligent; Raymond reduced the time from 2-3...
Upcoming SlideShare
Loading in...5
×

Raymond Limited - Group Financial Consolidation

1,133

Published on

The Perfect Man becomes more intelligent; Raymond reduced the time from 2-3 weeks to just 2 days for generating group financial reports every quarter

Raymond Limited - Group Financial Consolidation - case study being featured and published in PC Quest's Best IT Implementation in June 2011

Published in: Technology, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
1,133
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
8
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Raymond Limited - Group Financial Consolidation

  1. 1. Raymond Limited - Group Financial ConsolidationThe Perfect Man becomes more intelligent; Raymond reduced the time from 2-3 weeks to just 2 days forgenerating group financial reports every quarterWednesday, June 01, 2011The Problem: Mumbai-based Raymond Limited needed a solution which could satisfythe functionality and ability to get all finance data on a single platform. Since, RaymondLimited has many group companies, joint ventures, Indian & foreign subsidiaries andassociate subsidiaries. These all are supported by heterogeneous IT solutions andplatforms. Financial data coming from SAP, Sybase and Excel sheets andconsolidation was done on Excel sheets. There used to be iterations of Excel sheetsand control over them was tedious. The CFO at Raymond decided to have a financialconsolidation solution which would combine the power to unify all legal andmanagement financial reporting needs with the ability to blend corporate control withlocal flexibility.The Solution: To achieve that, Raymond Ltd. went with MAIA Intelligences 1KeyFinancial Consolidation Management System (FCM) for Group Financial Consolidation.The Result: The solution implemented has reduced the effort and pressure on theFinance team greatly. Where 2-3 weeks time was taken to arrive at results, now justtake around 2 days.http://pcquest.ciol.com/content/search/showarticle.asp?artid=127516

×