Direction Software Solutions: Solutions: Case Studies for Microsoft Dynamics-NAV

DIRECTION SOFTWARE SOLUTIONS

Case Studies - Navision - Private Bank (ERP Implementation)

About the client:
The client is a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services, with an extensive international presence in Europe, the USA, Africa and Asia.

The client wanted implementation of a suitable Financials System, which will eliminate the need for manual corrections and would have interfaces with the existing operational system as well as the global SAP for group reporting needs.

Pain Areas:

Pain areas of the client were as follows:
	There were limitations in generation of accounting file from core banking there by requiring manual intervention for upload of correct data to ERP.
	The group ERP was in line with group policies there by restricting its usage as complete General Ledger solution for local regulatory reporting.
	Adjustment entries received from operations every month and it took 4 -5 working days to get the entries attested and cleared.
	Entries were to be maintained Core Banking System as well as Excel, with corrections manually maintained in excel due to some system limitations.
	Indian GAAP demands detailed level of reporting where as GL's available in group SAP were limited there by restricting the ERP usage for Local reporting purpose.
	Number of adjustment entries was numerous ranging from 200 - 220 every reporting date, there by making the process very time consuming and cumbersome.
	Manual intervention in maintaining the entries in Excel posed operational risk.
	Fixed Asset Management was done manually.
	Tax and regulatory reports were manually maintained.

The Solution:

Direction studied the requirements and implemented Microsoft Dynamics NAV, comprising of the following modules:
	General Ledger
	Cash & Bank Management
	Work Flow Management
	Accounts Payable
	Fixed Assets
The following interfaces were developed and implemented.
	Interface with Core Banking Solution to accept General Ledger accounting transactions.
	Interface with group ERP by means of generating output files in format required by these systems.
	File Upload to Citibank for Vendor Payments.
The following were additionally implemented:
	Standard Navision reports pertaining to Financial Management
	Customized Reports
	Customized authorization matrix
	Automatic posting of Currency Revaluation Journal
	Implementation of CWIP process
	Generation of automatic positioning JV for cross currency operations
The following add on modules were also implemented.
	Work Flow
The implementation enabled the client to get up to date information on various operational aspects of the company, helped in reducing the month end reporting cycle.

Customer Case Studies

	Life Sciences Organization
	Capital Holdings Company
	Government Body in Mauritius
	Manufacturing
	Security Equipments Company

The Technology:
Front End : Microsoft Dynamics NAV 5.0
RDBMS : SQL Server
Operating System : Windows

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