How is India's second largest Phosphatic fertilizer player transformed their Treasury & Trade Finance function ensuring better control on the operation?

The company is in the business segments of Fertilizers, Specialty Nutrients, Crop Protection and Retail. The company is a leader in its addressable market manufacturing a wide range of fertilizers and markets around 4.5 million tons.

Challenges

• Scalability: TMS activities were managed manually using excel spreadsheets which was getting cumbersome as the transactions increased

• Error Prone Manual Process: Lack of TR and TF process automation was leading to inaccurate data processing and consequently inaccurate reporting and analytics

• No single version of Truth: The company couldn't accurately consolidate FX Exposure from their heterogeneous business units across the enterprise

• No visibility of Bank Charges: Unable to track Bank Charges at transaction level

Benefits

• The company was able to automate the manual treasury operations processes giving the workforce more time to focus on value adding activities

• Strategic enhancement in data quality with reduction of manual data capturing resulted in more accurate reporting to the senior management.

• Seamless Integration with facility of real-time exchange of data for Inbound and Outbound Interface with Logs and Alerts

• Interactive MIS reports for tracking and analysis to make the hedging decisions based on real time analysis

• Workflows based governance led to consistent operations within the predefined tolerances and timeline

• Process efficiency gains by reducing the time consumption in repetitive tasks

• Improved decision-making ability for top management by optimizing the flow of information throughout various units/divisions and integrations with external system to have real time consolidation of data to drive single instance of truth.

• Automated email alerts and audit logs to ensure real time communication and track all transactions

• Effective management of limits for multiple banks with real time utilization information

Client Feedback:

Santhosh Kumar U, GM –Coromandel

"“Our overall experience with IBSFINtech on Treasury & Trade Finance project has been positive. They took time to understand our business and philosophy enabling practical solutions for the desired outcome. Knowledgeable lead consultants with good subject matter expertise were deployed on project... The team assistance was commendable in attending the project requirements.”​"