(English) The Challenge
(English)
Heavy reliance on manual accounting & lack of system integration
Garmco used excel to keep track of the inventory stock, accounts receivable, and sales management, which is a very manual process and subjected to human error at times. The company also found that with its current processes, it was unable to assign different levels of access for stakeholders.
(English) The Solution
(English)
Integrated Business Management Platform
With Yonyou ERP business software solution, the accounts receivable and sales management modules were integrated to provide real-time data for order payments. The accounts receivable aging feature would also trigger an automated alert for late payments. The system was also customized as Garmco offers unique processes to its clients, which off the shelf ERP systems were unable to cater to. An example would be tracking the dimensions (thickness, width, and length) of stainless bars. The system can also help keep track of material wastage per work order, and allow the management team more insights and control over its processes. Additionally, the inventory management module was helpful in keeping the inventory stock figure accurate and helps in forecasting and budgeting.
