SAP ERP implementation “improved profitability” expected by Air India

The Air India Board on Tuesday approved the implementation of the SAP Enterprise Resource Planning (ERP) project.

The implementation of the ERP project is in line with the business objectives and strategy of the company for affecting a turnaround.

When SAP is considered in its proper context as a “change enabler” or “change lever” rather than a “change driver” it is easier to understand how and where it can properly fit into a revenue and profitability context.

SAP is the largest provider of ERP solutions world-wide and has been preferred by more than 115 airlines.

SAP solutions support the core business of airlines in passenger services planning and development and also MRO (maintenance, repair and overhaul) functions.

The implementation of the SAP ERP package would help Air India in strategic decision-making, monitoring and control systems, the release said.

Besides, integration of key business functions in the erstwhile Indian Airlines and Air India, the package would also help in seamless integration with other systems and ensuring availability and consolidation of critical data and information,

At the same time, the airline could aim for improved profitability by availability of real-time information on route network and profitability, it said.

It would also help in reduction in costs especially in inventories across various areas.

The cost savings an SAP ERP solution can bring a company come from streamlining operations, improved access to data, complete visibility of the organisation, and ultimately increased productivity and efficiency.

To find out more about SAP Business One, a business management solution designed specifically for small to midsize companies visit www.beabetterbusiness.co.uk or www.beabetterbusiness.ie

Source: Economic Times

IBERIA Bank Improves Planning and Forecasting with SAP ERP Management Solution

Yesterday SAP announced IBERIABANK uses its enterprise performance management (EPM) solutions to improve financial forecasting, reporting and budgeting processes, as well as support the company’s rapid geographic expansion. Since implementation in 2004, the solutions have enabled IBERIABANK to analyze the profitability of individual bank branches, products and clients, and more readily meet balance sheet and liquidity requirements.

Source SAP AG

Over the past several years, IBERIABANK has grown from $2 billion to more than $10 billion in assets. Today, it relies on the SAP® BusinessObjects™ Planning and Consolidation application, version for the Microsoft platform, to support the accurate forecasting necessary for this growth, and to streamline its budget and financial reporting processes. The application has allowed IBERIABANK to eliminate the use of standalone spreadsheets, significantly cutting the time needed for forecasting and analysis and improving accuracy – even as reporting needs have grown. Though the bank's organizational structure has grown more complex, time spent on quarterly forecasting has been reduced by one-third and financial closing periods have been cut by three days. The company has also benefitted from the application's ease of use.

There are more than 125 IBERIABANK users of SAP BusinessObjects Planning and Consolidation – including the entire executive team and three different levels of managers – and the company plans to continue expanding its user-base. In the application, users create additional financial and product dimensions; include analyses of credit exposures and past-due accounts by individual market to help banks decide where they should deploy resources, pursue opportunities or allocate staff; and run specific reporting for loan officers in a fraction of the time. All in all, IBERIABANK has cut three days from its financial close cycle and reduced the forecasting process by four weeks.