Office of CFO Success Story 1

    Alghanim Industries

    Accelerating finance operations by automating fixed-asset and CWIP processes to improve close readiness and reporting reliability.

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    Program Type

    Office of CFO Transformation

    Primary Focus

    Finance Asset Management

    Objective

    Reduce Manual Effort and Rework

    Customer Challenge

    • Stores capitalization was a manual process that took 3-4 days to complete.
    • This delay impacted month-end activities and management reporting, leading to errors and rework.

    Solution Offered

    • Assessed the current process, identified key gaps, and recommended an automation-led accelerator.
    • Implemented custom objects to process Excel-based fixed-asset creation and CWIP distribution.
    • Streamlined asset creation, CWIP distribution, and settlement into a cleaner end-to-end asset-management flow.
    • SAP Module Focus: Finance - Asset Management.

    Benefits Realised

    90% reduction in manual effort through automation.

    70% improvement in process efficiency.

    Significant reduction in human errors and rework.

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