How India’s leading manufacturer of power generation achieved treasury excellence with IBSFINtech TMS
Sudhir Power Limited is India’s leading manufacturer of power generation and distribution equipment with over 50 years of trust and reliability. As the country’s largest manufacturer of Silent Gensets, the company commands a dominant market share with over 60,000 MW installed capacity nationwide.
Challenges
• Decentralized Visibility: Operated across disconnected systems without a unified dashboard, making it difficult to achieve a consolidated, real-time view of global liquidity.
• Limited Transparency & Control: Faced gaps in centralized audit trails and internal controls, which restricted visibility and made manual tracking necessary during audits.
• Manual Risk Monitoring: Lacked an automated exception or alert engine, making it challenging to proactively detect and mitigate financial or operational risks.
• Fragmented Investment Workflows: Investment processes were distributed across multiple stakeholders, leading to coordination delays and an increased likelihood of manual data-entry errors.
• Complex Regulatory Tracking: Managed evolving compliance and governance requirements through manual processes, increasing the administrative burden and the risk of oversight gaps.
Benefits
• Increase in Investment returns: Considerable 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 EBS.
Client Feedback:
Amit Kumar, Vice President of Finance & Accounts, Sudhir Power
"One of the biggest changes we’ve seen with IBSFINtech Treasury Management Solution is the level of clarity and control it brings. Earlier, data was scattered and processes were manual, making it difficult to stay on top of everything.
By implementing IBSFINtech TMS we could bridge the critical integration gaps, institute tighter governance with transparent audit trails and have consolidated view of our entire investment portfolio. With analytics at our fingerprints, we are able to make more informed decisions. It has made our treasury operations more efficient and far more reliable."