Schneider Electric Sri Lanka benefits by fastest-ever implementation of FiNAC ERP by Datamation

Friday, 4 January 2013 03:17 -     - {{hitsCtrl.values.hits}}

Schneider Electric the Global Specialist in energy management and a world leader in energy efficiency has announced that it has been benefited by the fastest ever implementation of FiNAC ERP by Datamation.


Schneider Electric Lanka Sri Lanka and Maldives Country President S. Nagarajan (left) with Datamation Systems Managing Director and CEO Fazal Issadeen

Schneider Electric commissioned Datamation Systems Ltd. to customise and implement FiNAC ERP for its Sri Lanka operations. After identification of relevant financial and operating requirements, FiNAC was modified within a period of only four months to meet the business needs of Schneider Electric.

Once the data migration was complete, Schneider Electric was able to go ‘live’ within two weeks, a process that in normal circumstances takes a minimum period of six months with a potentially high failure rate. On this basis Datamations Systems Ltd. awarded Schneider Electric the ‘FiNAC ERP Fastest Implementation’ at a celebration dinner in Colombo.

The FiNAC ERP is now fully functional across all offices and branches of Schneider Electric in Sri Lanka and linked to the head office in Colombo. The areas covered by FiNAC ERP include entire general ledger, accounts receivable, accounts payable, project costing, inventory management and sales, import costing, payroll and HRM.

Currently the ERP modules include: Purchasing, product costing, inventory management, sales analytics, project costing, financial accounting including receivables and payables and payroll with HRM.

In response to this news, Schneider Electric Lanka Ltd. Sri Lanka and Maldives Country President S. Nagarajan said: “FiNAC ERP provides us vital financial and other management information in real time, has reduced duplication and finally also saved manpower. We applaud the efforts of the FiNAC team and the sense of urgency they worked with to ensure this rapid and successful implementation. The accurate synchronisation of multiple databases across various locations and the head office has made the availability of information one of the main contributory factors of FiNAC’s success. FiNAC will have a very positive impact on Schneider Electric’s future business in Sri Lanka and enhance our relationship with partners and customers”

Datamation Systems Ltd. Managing Director and CEO Fazal Issadeen said: “FiNAC is a locally developed ERP which can be customised to add the operational or business specific requirements of any organisation. Datamation Systems in its near three decades of software excellence has implemented FiNAC in over 450 organisations both locally and overseas and saved Sri Lanka million of dollars in foreign exchange while providing local youth hundreds of job opportunities in the ICT industry.”

Schneider Electric Lanka Ltd., incorporated on 23 August 2007, caters to all electrical and automation requirements in the fields of power, infrastructure, energy, building and industrial automation with its world-renowned products and solutions portfolio under one brand, ‘Schneider Electric’.

Datamation Systems Ltd. is Sri Lanka’s No. 1 ERP Solution provider, with 27 years track record of 450 satisfied clients and over 1,200 modules implemented successfully.

FiNAC ERP is designed for any type and size of business and provides a comprehensive suit of software to be used as a totally integrated or as separate modules and can be customised according to individual business requirements.