Essar Establishes Financial Shared Services Center

| Client story

Capgemini helps Indian multinational implement SAP document management software to accelerate processes and reduce costs.

Essar Group, a diversified multinational with a balanced portfolio of assets in the steel, energy, power, communications, shipping, infrastructure and Engineering, Procurement and Construction (EPC) businesses, was looking to bring the processing of more than 30,000 financial documents generated by its business units every month into one central processing center. The group wanted to establish a Shared Services Center (SSC) for Finance and Administration that would cover Accounts Payable, Accounts Receivable, Fixed Assets, Banking, Tax and General Ledger spanning 41 account entities. Capgemini was chosen to implement a document management and workflow solution to support the company’s ambitious growth plan.

Capgemini implemented SAP document management software for managing documents. The team designed suitable SAP workflow templates to address processing requirements as per shared services design. Further, they integrated an interface scanning solution with SAP to ensure seamless movement of document flow and intermediate validation facility.
“Sixteen months into our implementation, we have already recovered 50% of our investment,” says Mandeep Singh, Senior Vice President with Aegis (an Essar Group Company). “The SAP document management implementation helped in bringing routine accounting processes onto one platform,” says Dr. Paritosh Basu, Group Controller at Essar.