Discover how India's first listed power sector Infrastructure Investment Trust (InvIT) and one of the biggest in the country moved towards complete workflow automation through IBSFINtech's TMS.

India's first power sector Infrastructure Investment Trust (InvIT) that is focused on owning and operating power transmission assets and solar assets was established in 2016 under the SEBI InvIT Regulations. It owns and operates over USD 2.8 billion worth of operational transmission and solar assets including 40 transmission lines with more than ~7,570 ckms length, 11 substations with 13,550 MVA transformation capacity and 100 MW (AC of solar generation capacity across 18 states and 1 Union Territory.

Challenges

• The entire operations were being managed manually before the automation process was initiated with IBSFINtech . Being manual process with limited resources at hand, it was a time-consuming activity for the organisation's treasury team. Most of their time went in completing the transactional activities while the focus was required on the strategic decision making. Moreover, owing to the size of the treasury portfolio, it was very difficult and inefficient to manage treasury through spreadsheets. More than the management of activities, the manual activities exposed the entire function to indefinite risk, without any control over the function across the organization. All this created multitudes of other challenges for the treasury function and therefore it was decided to automate the end-to-end operations.

Benefits

• Single platform to map & consolidate all business entities

• Investment/Reinvestment FTE: Productivity gains up to 50%

• Ensured Adherence to Investment Policy Compliance

• Seamless integration with existing ERP (SAP) reduced back office's manual intervention by 80%

• Single instance/view of data across systems through integration and real time processing

• Improved Decision Support through automation & better transactions visibility

• System is agile & capable of taking care of our future requirements as the company grows

Client Feedback:

Giriraj Ajmera, Head – Corporate Finance & Treasury, IndiGrid Trust

""IBSFINtech's solution has added a significant value to our Treasury operations. The comprehensive functionality of the product has helped us in eliminating the manual workflow and instead focus on other high-level strategic responsibilities. We were looking for something that was easy to use, something that we can understand very quickly and give us a visibility of where we stand at real time and IBSFINtech's solution was just the right fit for our corporate requirements. Its' customizable and with its exhaustive MIS reports, we are able to manage crucial business data required for complex decision-making. The support team is very proactive and responsive, our experience with them has been positive throughout."