Our case studies give you insight into how we have worked with clients in the past, how we have solved their supply chain issues, and how we have implemented our services and ideas.
LOGISTICS
| A large Logistics organization was growing very rapidly. It had grown from a small to a mid-sized firm in just a few years. |
|
| Challenge |
The internal accounting infrastructure had not kept pace. It had an old accounting system with poor reporting capabilities and could not generate accurate or timely financial statements or operational management information. Management was making assumptions about sales, margins and pricing. Additionally, it had a poor payroll solution resulting in high dissatisfaction among employees. |
|
|
| Solution |
Fifth Elementz worked with the client to implement a new accounting system and a new payroll solution. Fifth Elementz also designed and implemented new business processes for Accounts Payable, Billing, Accounts Receivable, Cash Application and Reporting. We developed comprehensive business rules for processing accounting transactions as well as closing the books and producing financial and operational reports. |
|
|
| Results |
- The client has accurate, timely financial and operational reports to manage their business, which continues to grow by leaps and bounds.
- Significantly enhanced customer and employee satisfaction
- Saves substantial costs each month versus performing these activities in-house
- Boosted sales potential
|
RETAIL
| One of the largest retailers in its industry, with stores dispersed around the South and west India, was facing growth challenges as it continued the consolidation of its industry. The client had plans to add over 150 stores within 5 years. |
|
| Challenge |
Client suffered from a lack of accurate and timely financial and operational information due to poor processes and systems. Management recognized that better information was needed to understand where its strategies were working or not working. Most importantly, the client was spending valuable management time handling back office issues and personnel instead of acquiring and managing new stores. |
|
|
| Solution |
Fifth Elementz was brought in an as established partner to provide the client with a new state-of-the-art accounting system and integrated it with the point-of-sale system. We also implemented a new payroll and time and attendance solution. Once the base systems were selected, Fifth Elementz worked with the client to develop a new chart of accounts to provide meaningful sales, cost and profit margins by store, customer and SKU. New processes were developed in all areas including daily cash and accounts payable accounting. Comprehensive business rules were developed to handle all exceptions. |
|
|
| Results |
- Streamlined order fulfillment processes
- Enhanced customer service
- Increased order throughput capabilities
- Laid groundwork to more efficiently grow business
- Client management can now focus on its business, armed with meaningful financial and operational information to ensure they make the right decisions to grow quickly and profitably.
|
INFORMATION TECHNOLOGY
| An IT organization with business spread across Middle East, South Africa, USA and Europe. The client is a partner organization to Large MNC’s and provides IT Products and Services to the clients. |
|
| Challenge |
Complex taxation system governing product and services sale in different countries. Management wanted a fully compliant process so they could focus their activities and capital on other more important issues facing a company in today’s world. |
|
|
| Solution |
Fifth Elementz took care of complete accounting work and started working towards achieving a compliant process and eliminating tax processing errors. |
|
|
| Results |
- Achievement of statutory compliances
- Enhanced customer satisfaction
- Boosted productivity of delivery staff
- Improved visibility and accountability
- Streamlined operations
|
