Experienced Business Management Consulting
Helping you design and sustain business success!
About Us
What we provide
We at FOS TECHNOLOGIES help to upgrade and integrate present Financial Information Systems with other corporate functions like CRM, Manufacturing/Assembly , Procurement, HR etc. by making them more real-time and more accurate.
- We, DOCUMENT- where you are today.
- We, ASSESS, PLAN & TRANSFORM where you want to be tomorrow in the most efficient and economical way
Time to move to cloud
Today's world is moving with lightning speed and it is time that age-old reporting systems move to more real-time based information systems. We help businesses to decide, evaluate & budget the best available systems/solutions in the market today as per business needs.
We at “FOS TECHNOLOGIES” will help you to economically design the best Information, planning and reporting systems with the help of technically sound cloud-based solutions, currently available.
Reach out to us- :- To Welcome a change
Consult us before you take a plunge into Cloud based ERP or MIS solutions. We promise to provide you with the best and help you to budget your requirements.
Projects Implemented so far :-
Even though our size is small, but with our experience, affiliations and tie-ups our endeavor is to provide quality services.
FOS Technologies has implemented Oracle Products- NetSuite and Fusion - through the sub-marketed/contracted mode. Sectors/Industries covered in implementation:-
1. Testing Companies.
2. SaaS Service Providers.
3. Item/Product Distribution/Trading Companies
4 Professional Recruiters.
5. Fertilizer and Agricultural Products Online and Offline Trading Companies
Highlights/ Case Studies- projects implemented so fAR
1) Implementation in an Indian Public Listed Company- being world’s 3rd largest Testing company as per Gartner.
1. Project Value: - In excess of US$ One Hundred Fifty Thousand.
2. Team Size- 10
3. Implementation Features- Integration, Scripting, Form Validations and Reporting.
4. Modules- AR (O2C), AP, P2P(OM), Darwin Box and Projects (Open Air)
5. Our Role- Project Management and Control
Process
- .Documenting the present : -
The Company spread over 7 countries along with a huge resource base was using primitive methods like spread-sheets to manage projects and resource and bench management on the one hand and using independent financial tools to consolidate data on the other.
The “AS IS” document-of only NetSuite (Open Air was separate) was a document spanning 175 pages.
- Planning, assessing and transforming for the future.: -
Keeping in mind the long-term goals of the company-the “TO BE” of the implementation was designed. This document-of only NetSuite was a document spanning about 340 pages.
· “Open-Air”- a NetSuite product for projects and resource and bench allocation was introduced.
· Integration between Open-Air and NetSuite was done, for accurate and timely project/client billing. Billed and Un-billed efforts were properly documented.
· Unified accounting system-NetSuite was implemented across all countries, dispensing away with Tally and Quick Books of the world. Clear Tax for e-Invoicing has recently been implemented-by integrating the same with NetSuite.
· Billing formats were standardized to suite and fit client requirements.
· Procure to Pay, was centralized, with budgetary analysis.
· Reporting became “Real Time” and “Accurate”-with Dashboards and KPI’s designed for all stake-holders.
- Measuring-the success of implementation : -
· Credit-worthiness of the company increased in the eyes of all stake-holders as they were now getting more meaningful data in real-time and which was more accurate. This helped them in faster decision making and analysis.
· There was no pilferage of effort hours of the resources and billing leading to increase in Top-Line, leading to an ultimate healthy Bottom Line.
2) Implementation in a SaaS Company providing Digital Transformations and Cloud Based Services.
1. Project Value: - About US$ Twenty Thousand.
2. Team Size- 4
3. Implementation Features- Integration, Scripting, Form Validations and Reporting.
4. Modules- AR (O2C), AP, P2M(OM) and Integration with Enterprise Portal (projects)
5. Our Role- Project Management and Control
Process
- Documenting the present : -
· The Company spread over 5 countries had developed an in-house Enterprise Tool for resource and bench management which was not working in tandem with the financial setup of the company.
· The company was using different financial applications for accounting purposes and consolidation was manual and spread-sheet based.
- Planning, assessing and transforming for the future: -
Keeping in mind the long-term goals of the company-the “TO BE” of the implementation was designed. This TO Be document spanned about 200 pages covered in detail the implementation process.
· Integration between in-house “Enterprise” and NetSuite was done, for accurate and timely project/client billing. Billed and Un-billed efforts were properly documented.
· Unified accounting system-NetSuite was implemented across all countries, dispensing away with Tally and Quick Books of the world. Clear Tax for e-Invoicing has recently been implemented-by integrating the same with NetSuite.
· Billing formats were standardized to suite and fit client requirements.
· Inter Company procurement and billing streamlined and made easier for accounting.
· Procure to Pay, was centralized, with budgetary analysis.
· Reporting became “Real Time” and “Accurate”-with Dashboards and KPI’s designed for all stake-holders.
- Measuring-the success of implementation : -
· Credit-worthiness of the company increased in the eyes of all stake-holders as they were now getting more meaningful data in real-time and which was more accurate. This helped them in faster decision making and analysis.
· There was no pilferage of effort hours of the resources and billing leading to increase in Top-Line, leading to an ultimate healthy Bottom Line.
· The system was so designed to cost-effectively enable the addition of further business entities to the parent company.
3) Implementation in an Indian Private LLP Company- Dealing in wholesale trade and distribution
1. Project Value: - About US$ Thirty Thousand.
2. Team Size- 6
3. Implementation Features- Integration, Scripting, Form Validations and Reporting.
4. Modules- CRM, Advanced Procurement, SCM, AR (O2C), AP, P2M(OM), FTP based EDI integration, Provision of custom APIs for e-Commerce and 4 Bolton’s.
5. Our Role- Project Management and Control
Process
- Documenting the present :-
· The Company spread over 2 countries was in the business of importing and distribution of goods and selling on wholesale basis.
· The group’s accounting (India & Singapore) was done in Tally.
· The company was using a primitive custom solution for its business.
- Planning, assessing and transforming for the future -.
Keeping in mind the long-term goals of the company-the “TO BE” of the implementation was designed. This TO Be document spanned about 200 pages covered in detail the implementation process.
· Separate Bolton’s were prepared for advanced procurement, planning and ordering.
· CRM was configured with a Bolton for conversion and tracking of cold customers to hot.
· Advanced Price List concept was configured.
· Warehousing along with Pick, Pack and Ship was configured.
· Inter Company procurement and billing streamlined and made easier for accounting.
· Integration through FTP of a major supplier was done- EDI tool.
- Measuring-the success of implementation : -
The company achieved better inventory and system controls, giving short- and long-term benefits to the company. With faster KPI’s and dashboard planning, procurement and distribution became faster.
4) Implementation in India’s top recruitment company.
1. Project Value: - About US$ Twenty-Five Thousand.
2. Team Size- 4
3. Implementation Features- Integration, Workflows, Scripting, Form Validations and Reporting.
4. Modules- AR (O2C), AP, P2M(OM), Fixed Asset Module, 3 Bolton’s, Integration with Darwin for employee master and for employee reimbursement Bullhorn for customer master and Pre-Billing Checklists, ICICI Bank for EFT and Bank Recon and Clear Tax
5. Our Role- Project Management and Control
Process
- Documenting the present : -
· The Company with 2 Business Units or classes was spread in about 8 locations in India.
· A pain point of the Company was that it was using excel based Pre-Billing Checklist submitted by its consultants in 1 Application and using the same for Billing purposes.
· Another pain point was that finance came to know about new customers only when they came up for billing and thus could not do their due-diligence well in advance.
· Employees were added by the HR and Finance came to know about the same only at the time of reimbursement and salary time.
· Employee Reimbursements were approved in 1 system and manually communicated for accounting in another.
· The company was using Tally application independently for all its locations for accounting purposes and consolidation was manual and spread-sheet based.
· Cost Allocation was manual
- Planning, assessing and transforming for the future: -
Keeping in mind the long-term goals of the company-the “TO BE” of the implementation was designed.
· Integration between Darwin Box and NetSuite for creating employees with details directly in NetSuite.
· Integration between Bullhorn and NetSuite for creating customer master with details directly in NetSuite
· Integrating Bullhorn with NetSuite for client pre-billing checklists.
· Preparing revenue sharing among consultant employees a custom Bolton – based on fixed and variable sharing patterns.
· Ensuring correct employee consultant thread between Darwin and Bullhorn.
· Creating custom Bolton to track client value-based Purchase Orders.
· Creating custom Bolton to track advance billing milestone adjustable subsequently.
· ICICI Bank was integrated with NetSuite for all EFT related payments.
· Bank Reconciliation was pending at ICICI level as they were in the process of mapping MT940 file format at their end as only this is supported by NetSuite.
· Unified accounting system-NetSuite was implemented across all locations-so as to have real-time financial data inputs across all locations at the same time
· Billing formats were standardized to suite and fit client requirements. Billing formats were designed to give Item wise financial reporting while giving a single bill to the customer.
· Sub-contracted resource supplied were mapped to know cost & benefit results.
· Procure to Pay, was centralized, with budgetary analysis.
· Reporting became “Real Time” and “Accurate”-with Dashboards and KPI’s designed for all stake-holders.
- Measuring-the success of implementation : -
· Credit-worthiness of the company increased in the eyes of all stake-holders as they were now getting more meaningful data in real-time and which was more accurate. This helped them in faster decision making and analysis.
· All candidates sourced and placed were mapped real-time and there was no loss of revenue.
· The system was so designed to cost-effectively enable the addition of further business entities with multiple business units/classes to the parent company
5) Implementation for a Subsidiary of India's top fertilizer Co-operative. (Fusion Implementation)
1. Project Value: - About US$ One Lac Seventy Five Thousand.
2. Team Size- 10.
3. Implementation Features- Integration, Workflows, Scripting, Form Validations and Reporting.
4. Highlights
*- 1) Location 1
*- 2) Set of Books-2
*- 3) 50 Technical Integration Touchpoints
*- 4) End to End Touchpoint Integration with 3 external applications.
*- 5) End to End GST integration. E Way Bill, E Invoice to R1 and R2 Return Filing for 28 states.
*- 6) Customer Base about 28,000
*- 7) Supplier Base 1800
*- 8) Item about 1800
*- 9) Monthly expected integration flow is expected to be 40 lakh line items.
*- 10) 1 Bank for Bank Payments and Auto Reconciliation through SFTP technology.
*- 11) 2 Banks through H2H technology.
*- 12) About 80 custom reports in first instance
*- 13) About 30 users
*- 14) About 600 employees.
*- 15) 320 Retail stores.
*- 16) Implementation Team Strength 10
*- 17) Turnover of Business about 2000 Cr
5. Modules Implemented - SCM, P2P and Financials with FA
6.. Our Role- Project Management and Control