Scenario: Having 5 Factories for processing Tea leaves in a remote location with no access to accountants. Stocks are dispatched from the factory to the HO Warehouse. All Sales and Collections happen at HO.
Challenge: Cash Flow Planning, sending working capital from HO to the factory for raw materials, labour payouts, and factory maintenance.
Solution by RealEdge :
- We implemented a simple manual voucher recording for capturing transactions as they happened.
- We trained client personnel to scan and send indexed documents.
- RealEdge team does data entry on a daily basis, reconciles bank and prepares all reports like Stock Positions, Purchases and Payables report on a weekly basis for the management to take decisions in sending the right amount of money every week.