Brief about the Client
As a prominent courier and logistics enterprise in the Asia Pacific region, the company strategically responded to the implementation of GST in India by incorporating 30 new entities into their existing legacy system, showcasing their proactive approach to navigating regulatory changes and adapting to evolving business landscapes.
Business Overview
As a distinguished player in the courier and logistics sector, the company strategically responded to the introduction of GST in India by establishing 30 distinct entities within their legacy system. This initiative, however, presented multifaceted challenges. Additionally, the substantial operational transactions arising from the customer's sales, receipts, and tax records mandated a significant allocation of human resources within the Accounts department to manage the increased workload.
Business Challenges
The toughest part involved setting up one legal organization in the system with GST and withholding tax. They were grappling with challenges like meeting statutory and audit requirements, integrating with their core operations platform, and ensuring accurate data reconciliation due to manual consolidation.
Outcome and Benefits
They've successfully established a single legal entity in the system, equipped with GST and withholding tax configurations. Thanks to integration with their Operations platform, real-time customer generation and sales transactions seamlessly flow into Business Central. The system is set up for automatic posting across various business scenarios such as sales, purchases, fixed asset posting, banking, and cash. Moreover, they've achieved integrations for GST, TDS, and the bank portal.
Tools and Technologies
Dynamics 365 Business Central
SQL SERVER 2012 R2