Implementation of erp(enterprise resource planning) in one ..
“IMPLEMENTATION OFERP(Enterprise Resource Planning) IN ACCOUNTS” at TOPCEM INDIA SALES AND MARKETING DEPT. GUWAHATI BY : K. ISRAEL LALAWMPUIA MBA 3rd SEMESTER
COMPANY PROFILE• TOPCEM company started production in the year 2006 at Lumshnong in Jaintia Hills of Meghalaya. It produces 1 Lakhs MT of Cement per month. It has more than 450 dealers across NE Region and North Bengal. It has 28 sales promoters. It actively participate in Environmental Issues as well.• PRODUCT :• 43 Grade Ordinary Portland Cement; It is produced by MCL under the brand name “TOPCEM OPC 43 GRADE”• 53 Grade Ordinary Portland Cement; it is also produced by MCL under the Brand name “TOPCEM OPC 53 GRADE”• PORTLAND POZZOLANA CEMENT; Produced by MCL under the brand name “TOPCEM PORTLAND POZZOLANA CEMENT”
• The company is having dual certifications as an ISO 9000:2001 certified, as well as an environment-friendly company with ISO 14001 certification for environment systems, first in North East. It have taken up massive drive for development of Green belt in NER and has a target of planting 70000 saplings each year.
Meghalaya Cement Limited is one of the mostprofitable cement manufacturers in North EastIndia.• Because of its timely raw material linkage• Because of its proactive capacity expansion• Because of its expert brand positioning
TAXATION ASPECT• The company is paying 12.36% service tax from the contractors, Excise Duty of 12%, Education Cess of 2% , Higher Education Cess of 1% and Value Added Tax of 13.5% for using the services of others and for the sale of their product.
MISSIONSTo provide meaningful service to itsCustomers by continually improving theproduct and processes use the latest toolsand techniques of performanceimprovement and innovation.
GOALS• To achieve capacity utility of 90% by the end of 1st year, 100% by the end of 2nd year and 105% by the end of 3rd year respectively.• To minimize wastage by 10% each year by using energy efficient tools and technique in all processed involved.• To adopt an environment friendly approach in all activities related to all the products and production provision.
ERP meaning (HERCULES)(Enterprise Resource Planning) An integrated informationsystem that serves all departments within an enterprise.Evolving out of the manufacturing industry, ERP impliesthe use of packaged software rather than proprietarysoftware written by or for one customer. ERP modulesmay be able to interface with an organizations ownSoftware with varying degrees of effort, and, dependingon the software, ERP modules may be alterable via thevendors proprietary tools as well as proprietary orstandard programming languages.
USES OF ERP IN ACCOUNTS1. IT ACCOUNTING BENEFITS.2. OPERATIONAL ACCOUNTING BENEFITS.3. ORGANIZATIONAL ACCOUNTING BENEFITS.4. MANAGERIAL ACCOUNTING BENEFITS.5. OPERATIONAL ACCOUNTING BENEFITS (Cost)
OBJECTIVES OF THE PROJECT1. Finding out the Accounting benefits derived from the adoption of ERP system.2. Exploring the impact that the ERP system has had on accounting information and practice.
SOURCES OF INFORMATIONThis research is exploratory.Information is obtained from the recordsmaintained by the organization.Discussing with and instruction form projectguide.
FINDINGS1. FACILITATES CUSTOMIZATION AS PER REQUIREMENT.2. GATHERS DATA AND PRODUCES RESULTS QUICKLY.3. REDUCTION OF TIME AT THE TIME OF CLOSING OF ACCOUNTS.4. IMPROVED DECISION MAKING, INTERNAL AUDIT AND QUALITY OF REPORTS.
5. REDUCE THE NUMBER OF PERSONNEL IN ACCOUNTS DEPARTMENT.6. REDUCE TIME FOR PREPARATION AND ISSUE OF PAY-ROLL.7. REDUCTION OF TIME FOR DISPATCH OF GOODS.8. IT IS AN AUTOMATED SOFTWARE.9. IT HELPS IN CASH MANAGEMENT.10. ACCOUNT PAYABLE AUTOMATION.
11. ACCOUNT RECEIVABLE AGE ANALYSIS.12. IT GIVES RISE TO NEW MANAGEMENT ACCOUNTING.13. IT HELPS TO UNDERSTAND WHAT EACH FIGURES REPRESENTS.
CONCLUSION• This study is currently one of the first complete sets of data available on Enterprise Resource Planning Systems in Topcem Cement• Overall, we found that the benefits that result from the application of an ERP in accounting department are great in number and most of these are rated very high. Thus, we are in the position to argue that it is worthwhile for an enterprise to include accounting in its ERP system.
SUSSESTION• Accountants need to have good IT skills to apply their knowledge in this new IT-led work environment.• Top management support, collaboration within the organization and between the organization and the ERP provider and employee training/participation appear to be successful ingredients in ERP applications.