Pantaloons Retail Ltd
PANTALOON RETAIL (INDIA)
IMPROVING CONTROL WITH THE SAP® GENERAL LEDGER APPLICATION
QUICK FACTS
Industry Retail Revenue Rs4,776.33 (in crores) – around US$1.01 billion Employees 30,000 Headquarters Mumbai, India Web Site www.pantaloon.com SAP® Solutions and Services SAP® General Ledger application, SAP General Ledger Migration service for subsequent implementation of document splitting tool Implementation Partner SAP Consulting Key Challenges • Improve financial tracking and reporting for all retail locations and business levels • Enhance decision making by providing more granular, real-time information • Support financial accounting needs of a rapidly expanding retail business • Expedite the reconciliation and closing processes Why SAP Was Selected • Pantaloon’s successful track record with SAP® software • The software’s scalability and ease of integration • The software’s ability to meet company needs (a “perfect fit” for an enterprisewide implementation) • Complete data integrity and real-time updates • Expert support during migration effort, including support for document splitting Low Total Cost of Ownership • Significantly reduced infrastructure and processing costs • Reduced database growth by around 500 GB per year via document summarization at profit center level • Completed project on time, in just 4 months Operational Benefits • Greater visibility of AR and AP throughout profit centers • Increased business transparency via drilldown reporting capabilities • Real-time, continuous reconciliation of cost elements and expense accounts, freeing up personnel for more value-added activities • Ability to close books 15% to 20% faster • 5% to 10% reduction in accounts receivables
Implementation Best Practices • Received executive sponsorship at the CFO level • Leveraged a combined team of SAP consultants and in-house experts • Used the ASAP methodology • Minimized business process reengineering
India’s leading retailer, Pantaloon Retail (India) Limited,
IMPROVING CONTROL WITH THE SAP® GENERAL LEDGER APPLICATION
QUICK FACTS
Industry Retail Revenue Rs4,776.33 (in crores) – around US$1.01 billion Employees 30,000 Headquarters Mumbai, India Web Site www.pantaloon.com SAP® Solutions and Services SAP® General Ledger application, SAP General Ledger Migration service for subsequent implementation of document splitting tool Implementation Partner SAP Consulting Key Challenges • Improve financial tracking and reporting for all retail locations and business levels • Enhance decision making by providing more granular, real-time information • Support financial accounting needs of a rapidly expanding retail business • Expedite the reconciliation and closing processes Why SAP Was Selected • Pantaloon’s successful track record with SAP® software • The software’s scalability and ease of integration • The software’s ability to meet company needs (a “perfect fit” for an enterprisewide implementation) • Complete data integrity and real-time updates • Expert support during migration effort, including support for document splitting Low Total Cost of Ownership • Significantly reduced infrastructure and processing costs • Reduced database growth by around 500 GB per year via document summarization at profit center level • Completed project on time, in just 4 months Operational Benefits • Greater visibility of AR and AP throughout profit centers • Increased business transparency via drilldown reporting capabilities • Real-time, continuous reconciliation of cost elements and expense accounts, freeing up personnel for more value-added activities • Ability to close books 15% to 20% faster • 5% to 10% reduction in accounts receivables
Implementation Best Practices • Received executive sponsorship at the CFO level • Leveraged a combined team of SAP consultants and in-house experts • Used the ASAP methodology • Minimized business process reengineering
India’s leading retailer, Pantaloon Retail (India) Limited,