Scenario: Training Institute having 40 Franchises across Karnataka, Maharashtra and Andhra Pradesh. Each franchise was doing accounting in an independent Tally installation.
Challenge: Repetition of data entry at HO for consolidating data from different locations. No control over data entry or narration. Reconciling the bank was a nightmare for collections from over 10,000 students.
Solution by RealEdge:
- We implemented a custom collection module for our clients where all rules for collection was enforced.
- A simple user interface is being used for cashiers at Franchise level.
- Automated BRS was implemented in RealBooks.
- RealEdge team synchronises all collections at day end, keeps track of PDCs and cheque bounces, this drastically reduced cost as duplicate work was entirely eliminated.
- We brought discipline and transparency to Management by enforcing all edits and deletes are done centrally by RealEdge team.
- We reconcile bank on a daily basis and helped client to implement real time accounting. And help generate MIS reports for Management as and when they require.