A FMCG Giant's path to data-driven decision: empowering treasury functions with automation

Dabur India Limited is an Indian Multinational corporation and one of the leading fast-moving consumer goods (FMCG) industry, with revenues of over Rs. 10,800 Crore and a market capitalization of over Rs. 100,000 Crore. Building on a legacy of quality and experience spanning over 138 years, Dabur is today India's most trusted name and the world's largest Ayurvedic and natural health care company with a portfolio of over 250 herbal and ayurvedic products.

Challenges

• Auto alerts and auto calculations for various due dates, charges, etc.

• Investment Policy Monitoring Framework

• Auto-accounting of all Treasury business transactions

• Ease in usage and increase people's efficiency

• Accurate cash flow planning and investment decisions require data from multiple sources

• Get timely and accurate MIS

• Policy to make intelligent investment decisions

• Integrated transaction model to ensure controlled and automated capturing of information, ensuring the complete removal of excel or human dependency.

• Analytics to ensure performance optimization.

Benefits

• Increase in Investment returns: Significant growth was observed in the company's investment returns due to the consolidated view of the data under single platform several hours of saving in inter departmental working and processing

• Reduction in time for downloading/checking email for return for daily investment decision making based on performance of the funds

• Reduction in time for tracking/checking of risky/highlighted securities in the portfolios of all the schemes or schemes in which the client has invested

• Reporting from IBSFINtech application helps in avoiding difficult calculations on monthly basis for preparation of MIS and avoiding errors.

• Month-end accounting entries are automatically created and parked in Oracle

• Consolidated view – 360-degree visibility offered by the solution ensured that the team did not miss any viable investment opportunities.

• Complete shift of manual operation of treasury into seamless integrated platform

• Standardize the documentation, approvals and funding application process

• Policy and Compliance monitoring has significantly taken over from manual to autonomous tracking with policy configuration. Exceptions and policy breach are alerted by the IBSFINtech application which improves our policy tracking and helps in taking preventive measures

• Integrated auto accounting for all treasury transactions

• Real time visibility of fund positions and invoke Investment policy

Client Feedback:

Ashok Kumar Jain, CFO, Dabur India Limited

"The solution is easy to use, highly configurable and parameterised. Its ability to cover all asset classes in one platform for our investment management, along with proven integration capabilities with multiple banks and existing ERPs was the key criteria of our decision to choose IBSFINtech. The implementation was smooth and done swiftly. IBSFINtech platform offers industry best practices, and it has all the complex features to address the key function of treasury. The implementation team brings the domain know-how as well as hands-on technical capabilities which helped in swift implementation of the solution for Dabur India. Considering the extensive capabilities of the system, we are hopeful that it will contribute substantial value to our treasury operations. We are glad we chose IBSFINtech for our treasury automation."