Customer: Genesis Colors
Products and Services: Microsoft® Dynamics™ NAV 4.0 with SP3
Industry: Retail Apparel and Fashion
Organization Size: Large (1,001-5,000 employees)
At A Glance
Challenges
- Controlling and securing data
- Manage all its core accounting and
financial tasks. - Sales and distribution modules were not
covered by the existing system. - Lacked a single integrated system
Benefits
- 30% enhanced reporting capabilities.
- 30% enhanced efficiency.
- 50% enhanced productivity by accurate
reporting and consistent monitoring. - Increased data security and control.
- Allowed inventory planning and control.
- Consolidates financial information.
Genesis Colors (P) Ltd., incepted in 2001, is one of the most established names in the fashion industry. It has traversed borders and created new terrains in the ‘Business of Fashion’ and currently owns a slew of premium Indian and international fashion labels. Headquartered in Gurgaon, the company has state-of-the-art manufacturing facilities in
Gurgaon seamlessly merges traditional crafts, creativity, and innovation.
the existing legacy application being an accounting application was inept in managing the design aspects, inventory, and other administrative procedures. Instead, it only took care of the company’s financial aspects. Hence, the management recognized the need for an integrated solution. To fulfill this MS Dynamics was implemented to improve reporting capabilities, manage inventory, and have central control over all factory locations and retail branches.
The solution enhances the reporting capabilities and reduces the cost along with augmenting the business productivity and efficiency by 30 percent. Considering the limitations the company faced with the current system, the management identified the need for a robust, integrated, and flexible solution that has excellent reporting capabilities and can easily integrate with the program developed on the .NET platform along with the company’s other databases of design for management specific reporting prospects (MIS)
Exerts Greater Control Over all Factories and Outlets
The new business solution integrates all the warehouses, manufacturing units, sales showrooms and offices.
Increases Data Security and Control
Security-enhanced portal access to the business data and processes over the internet.
Bestows Cost-Effective and Easy to Use Solution
Intuitive interface is user-friendly and it is easy to train users. Seamlessly integrates with other programs for administrative tools developed for management-specific reporting prospects.
Allows Inventory Planning and Control
Inventory pileups reduced by 30% and cash flow improved by 30%. This ensures that the right stock is always available whenever needed and exercises control over the products’ MRP.
Consolidates Financial Information
All the expenses managed effectively with automated payment scheduling and tracking, electronic document approvals, and real time information about cash flow status. Also, it tracks invoices, and processes receipts, partial payments, and installment payments.
“The financial reports can be generated at any time based on the posted transactions. This helps our head office to quickly gauge market conditions and respond to fluctuating business. The product management cuts wastage by 20 percent resulting in savings of approximately 15 percent.”
Genesis Colors (P) Ltd.
At A Glance
Challenges
- Controlling and securing data
- Manage all its core accounting and
financial tasks. - Sales and distribution modules were not
covered by the existing system. - Lacked a single integrated system
Benefits
- 30% enhanced reporting capabilities.
- 30% enhanced efficiency.
- 50% enhanced productivity by accurate
reporting and consistent monitoring. - Increased data security and control.
- Allowed inventory planning and control.
- Consolidates financial information.
