Client: Ador Welding (A Manufacturing Company)
Ador Welding produces a variety of welding products, industry applications, and technology services, including welding consumables (electrodes, wires, and fluxes) and welding and cutting equipment. It has over 30% market share in the organized welding market and is considered one of the major players in the Indian welding industry
Client’s Requirements
- Required an approval process for new project creation and project amendments as per department and project owners
- Required an approval process for new project budget creation and project budget amendments as per department and project owners
- An integrated solution to manage projects and track project costs
- Tracking project costs at ‘Top and Lowest Task’ level
- System should not allow to spend beyond assigned budget for a project task at any cost
- Ability to upload project task and budget using excel template
- Budget vs Actual Analysis Reports
Key Challenges
- As per the standard feature Oracle Project budgets works for Expense items only and client has all the Inventory item was with Inventory Destination type being purchased for projects.
- Handling large volume of project tasks and Budget data
Infidox’s Solution – Project Absolute Control Budget Implementation
- Implemented a custom approval workflow approval process in AME for new project creation and project amendments as per department and project owner hierarchy
- Implemented a custom approval workflow approval process in AME for Project Budget creation and Budget Amendments as per department and project owner hierarchy
- Implemented Absolute control for Project Budget at project task level
- Implemented a custom solution at PR, PO & AP Invoice level so that absolute control budget is applied for all the PR, PO & AP Invoice line level with destination type Expense & Inventory both
- Implemented a WebADI based solution to automate the upload of large volume of project tasks and project budget details
Business Benefits
- Client has more control on project and budget creation as per the approval process implemented
- Client enjoys benefits of project absolute control at project task level. No spending without enough funds available at project task level.
- Now client can assign and track actual cost incurred on each item/task for each project.
- Effective and transparent management of tracking project budget and project actual costs
- Reduced time to enter project task and budget manually
- Solution is tightly integrated with all the other modules like PO, INV and AP modules
