Practus’ performance improvement and Business transformation Solutions enabled the finance company to automate P2P processes and order-to-cash processes.

Client ROIIndustryOwnershipManagementNo. of EmployeesSizeProject Duration
A Finance Company5X** Petrochem Public LtdProfessional~100$650 million12 months

About The Company

It is India’s largest producer and exporter of polystyrene polymer, and it required assistance in improving its performance. In certain product lines, it has a market share of more than 50% in India. Not to mention that the finance company is India’s largest exporter, with shipments to over 93 countries worldwide. The company also owns and operates a cutting–edge facility with an installed capacity of 272 K TPA, as well as a coloration and compounding facility with a capacity of 17 K TPA. In India, the company operates a 6KTPA EPS plant.

Practus’ Role in Performance Improvement

  • The O2C, P2P, and B2R processes have been improved, with a high level of automation for real-time data.
  • Set up KPIs in every function to benchmark against global majors.
  • The project oversees the optimization of SAP Hana as well as the correction of various flaws in earlier implementations.
  • Above all, Practus implemented product costing for the large process plant, which enabled the company to improve their daily production planning.

Impact Delivered in Performance Improvement

  • Automated the Order-to-Cash Process to ensure accuracy through automated checks and to reduce effort in checking freight invoices and generating credit notes.
  • P2P process has been automated to ensure updated inventory records, improved process efficiency, and reduced managerial efforts.
  • Practus brought in speedy completion of month-end reports and comfort for all stake holders.
  • Optimization of SAP by the Practus team led to the Annual Business Plan being generated with a monthly or quarterly breakup. Therefore, quarterly rolling forecasts are made and an annual, quarterly, and monthly cash flow statement is generated for the management to make business decisions.

See how Practus can assist you in improving your organization’s Performance