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.
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.