Marico case study

marico

Marico Bangladesh

Automating Marico’s Accounts Payable System

Company Profile

Marico Bangladesh Limited is amongst the top 3 FMCG MNC companies and a trusted brand in beauty and wellness space in Bangladesh. The company touches the lives of 1 out of every 2 Bangladeshis with an array of brands in various categories, including hair nourishment, edible oil and male grooming, through a strong distribution network that reaches more than 790,000 outlets throughout the country.
marico-bangladesh-cover
Image Credit: Marico Bangladesh Facebook Page

Challenges

Having a good Accounts Payable (AP) management system in place is vital to the business. In some organizations the process can be very manual and time-consuming: bills, supplier invoices, loans, and other payables (except payroll) can leave anyone struggling to keep up. In addition, mismanagement can often lead to serious consequences & risks for the business itself. 

Marico Bangladesh was traditionally maintaining all the accounts payable manually. Invoices and bills were manually collected from suppliers which took a lot of time and effort by the employees. Though SAP environment was already in place, it didn’t include the accounts payable module in the package. Because of the manual processes, risk of receiving inaccurate feedback on the company’s performance and financial position was very high. Moreover, there was scope for human errors, ultimately causing delays in payment handling which was degrading Marico’s supplier relationships significantly.

Major challenges of manual AP process were:
  • Poor Data Entry
  • Disappearing Invoices
  • Inconsistent Processing
  • Slow Processing Speed
  • Untraceable Costs
  • Inefficient Storage
  • Outdated Records
  • Difficulty in Dealing with Exceptional Invoices
  • Weakness in Fraud Prevention
  • Engaging in Manual Follow-up

Marico reached out to us for an efficient solution to automate their AP system which would be less expensive compared to SAP enhancement, yet could be fully integrated with existing SAP modules.

Solution

Robo2 BPM comes with an Accounts Payable management module (Bill Easy) which solved all the challenges faced by Marico, with a few customizations based on client’s requirements. Integrated with SAP plus a bunch of other important features, Bill Easy works like a charm. Some of the key features of Bill Easy include:

  • Integration with SAP
  • Digitized Invoice Receipt
  • Approval Workflow
  • Reporting Analysis
  • Content Saving & Management
  • Automated Data Extraction
  • Archive for Scanned Bill Documents

Benefits

For Marico Bangladesh, AP management has become simple, fast and efficient. Some of the major benefits Marico is enjoying from Bill Easy is given below:

  • Accurate Invoice Collection & Processing
  • Intuitive User Interface
  • Valuable Time Savings
  • Real-Time Monitoring and Greater Control
  • Better Insight and Transparency
  • Customized Reporting
  • Improved Supplier Relationship
  • Early Payment Discounts
  • Better Utilization of FTEs

Client's Say

"It's incredible how quickly they understood our pain points and provided the solutions to each one. Robo2Mation team is very professional and has clear knowledge on their domain."
jarif masud
Finance IT

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