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TATA PROJECTS |
| Business Segment |
| About the Client |
Tata Projects is part of the Tata Group, the largest, the best known, and the most forward-looking conglomerate in India.
Incorporated for execution of large construction projects. Over two decades, the Company has emerged as a leading Engineering, Procurement and Construction (EPC) Contracting Company providing services to the needs of discerning clientele. TPL has executed several projects in diverse fields in India and overseas, ensuring its customers the benefit of project execution with single point responsibility, focus on quality, timely completion and within stipulated cost. |
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| Problem Areas |
| TPL handles large projects of mammoth size so deals with large number of vendors and suppliers. Hence the problems faced |
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Timely payments and receipts |
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History of Bank guarantees and LCs |
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Reminders for the expiring instruments |
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Payment controls |
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| Vision for the desired solution |
| The proposed solution was to streamline and control the payment process. |
| How Indus solved/addressed the problem areas |
| A software solution was developed to integrate the vendor details corresponding to each project and define the budgets associated with it. The solution was designed to integrate the financial obligations of the vendor to the organization with respect to pledged financial instruments. |
| Results |
| Following the successful implementation of the application the organization benefited by |
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Increased Vendor satisfaction |
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Standardized the supply management of raw materials |
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Defining the budget controls for the projects |
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Streamlining the financial instruments – procurement and schedules |
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Implementing strict payment controls |
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Reducing the delay time in payment process |
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