Auto Ancillary Manufacturing company – India
Brief about the Client
Customer, founded in 1972 and with decades of experience in foundry and automotive clutch components, is one of India’s top manufacturers and suppliers of clutch components, serving both domestic and foreign OEMs.
Top motor vehicle manufacturers in India, the United States, and the United Kingdom employ the manufactured parts in their vehicles. Customer desired to implement a world-class ERP to address pain points such as Inventory Planning & MRP; Cost & Consumption Tracking; Generation of Supplementary Invoices for price changes for items for which the Sales Invoice had already been processed; and Calculation of Forex Gain / Loss in export sales, as accurate exchange rates are not captured while booking transactions.
Free Text Invoice customised to generate supplementary invoice without inventory effect, Single click option to select invoices to be included in Supplementary Invoice, and Online integration Currency Rate with AX to calculate the accurate exchange rate while booking the transaction are the challenging aspects.
Outcome and Benefits
On the Supplementary Invoice, time is saved. Customers are automatically notified of pending invoices through email. Invoicing procedure and documentation must be followed correctly. In export transactions, accurate profit and loss are calculated for so that transaction booking may be done where the most profit can be made. The job of the collection department becomes more precise, and effective tracking of past-due invoices is carried out. Calculation of Forex Loss and Gain based on the current exchange rate.
Tools and Technologies
MS Dynamics AX 2012 R3
SQL SERVER 2012 R2