SCH Solutions at Puma
Integrated accounts payable, accounts receivable and Bank Reconciliation at Puma
Overview
EIMS Implements a single solution for all banking transactions such as accounts payable, accounts receivable and bank reconciliation for PUMA
Puma is one of the leading global suppliers of athletic casual footwear, apparels accessories.
The company has presence in more than 120 countries. The company’s headquarter is in Herzogenaurach, Bavaria, Germany.
Puma is the third largest sportswear manufacturer of the world.
Client
Puma
Industry
Suppliers of athletic and casual footwear, apparels and accessories
Services
Casual footwear, apparels and accessories
Business Challenges
- Puma’s India Subsidiary, was looking to a system to manage its end-to-end financial transactions like management reporting, supplier payment, salary, customer payment, and utility bill to avoid errors and reduce time in their day-to-day operations
- Puma India, wanted to implement a solution that offered an integrated view of the company, superior functionality, and a reputable local and international support base
Implementation Highlights
- Complements SAP FI by offering secure host-to-host multi-channel connectivity with Banks
- No Separate integration tool required
- Built-in dashboard and Bank cockpit for Finance Team to approve & auto-post bank data in SAP FI
- Unmatched expertise of the resources
- Phased approach
- Adopting and building an entire AP system within time
- Comprehensive data exchange tractability and monitoring
Business Benefits
- System flexibility and future-proofing
- Ability to connect SAP to multiple banks
- Raising the automation level for cash application form
- Faster payments to customers
- Central control of payment authorizations
- Ability to quickly modify payments
- Enhanced process efficiency, transparency and data quality