EXIM Solution Executive Summary Document

SAP

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 End-to-end tracking from Dispatch to Disposal on single Platform Reduction in Time/effort of manual documentation and co-ordination Compliance with regulatory requirements and hazardous goods , etc. Improved efficiency and Scalability Cycle time and efficiency improvement Capable of handling large volume and business growth Uniform source of information and MIS Uniform data source with central r epository of documents & Audit compliance New Opportunities of Improvement Leading towards paperless environment Unlock possibilities of automation leveraging advanced technologies Expected Benefits EXIM SOLUTION – Executive Summary ~1300 ~60 ~200 Pre & Post Shipment Countries Consignees