EXIM Solution Executive Summary Document
- 1. EXIM Solution VVF India Limited
- 2. nEXIM Solution in SAP: • End-to-end coverage of EXIM Processes and documentation. • Fulfil Trade Finance requirements (Letter of credit, DA/DP, Advance Payments, Bonds & Bank guarantees, etc.) • Incentive & license management (Duty Drawback, Advance licenses, etc.) • Flexible workflows with mobile based approvals. • Reports and Analytics • SAP approved Product and License Compliance Proposed Solution Volume: Key Challenges: • Export and Import documentation is out of SAP and managed manually in excel and word, which makes it highly person dependent process. • Huge time is invested in maintenance and co-ordination for the documentations. • Non-uniform format for the documents for different customers. • Chances of erroneous data entry (Rate, currency, etc.) leads to rework and amendment cost (~400 USD per instance). • Lack of audit trail and data silos. • Non-compliance with hazardous goods (recently led to loss of INR ~5 lakhs). Key Challenges • Process Digitization and Time saving o End-to-end tracking from Dispatch to Disposal on single Platform o Reduction in Time/effort of manual documentation and co-ordination o Compliance with regulatory requirements and hazardous goods, etc. • Improved efficiency and Scalability o Cycle time and efficiency improvement o Capable of handling large volume and business growth • Uniform source of information and MIS o Uniform data source with central repository of documents & Audit compliance • New Opportunities of Improvement o Leading towards paperless environment o Unlock possibilities of automation leveraging advanced technologies Expected Benefits EXIM SOLUTION – EXECUTIVE SUMMARY ~1300 ~60 ~200 Pre & Post Shipment Countries Consignees