Teamlease selects Sage Accpac ERP to automate its Accounting and Financial Processes
Ease of use, quick deployment and superior integration capabilities make Sage Accpac ERP the preferred choice of India's largest staffing company.
Tweet-- Sage Software India today announced the successful completion of the implementation of Sage Accpac ERP at TeamLease Services. Sage Accpac ERP is expected to automate TeamLease’s accounting and financial processes. The solution has been implemented by Sage’s Bangalore-based partner New-Age Business Consultants.
Business Challenge:
TeamLease ran its accounting on Tally. Tally was unable to scale to meet TeamLease’s transaction volume growth - 2000 Customer Invoices and Salary Journal entries, 60,000 payments per month. This meant entering only summary transactions into Tally and required multiple Excel files to be managed and reconciled. Further all MIS had to be prepared outside the system, again in Excel.
Solution:
In October 2006, TeamLease decided that they need a more robust and scaleable solution for their accounting and financial processes. Sage Accpac ERP was selected for the following reasons:
Ability to bring in all transactions at line item level and to scale further as TeamLease continues its rapid growth
- Quick implementation, configuration, training, testing and hand-holding during go live
- Ease of use and maintenance
- Ability to import large amounts of data from Excel files
- Ability to generate flexible MIS based on SBU, Branch, Department, etc.
- Ability to configure and provide reports to meet Indian statutory requirements - Service Tax, TDS, etc.
- Ability to add other integrated modules for Finance and Operations
TeamLease made the decision to invest in Sage Accpac ERP Financial modules of General Ledger, Accounts Receivable and Accounts Payable and Sage Accpac Insight in December 2006. Implementation commenced in January 2007. TeamLease went live on April 1, 2007, i.e. within 3 months of start date. MIS for May 2007 was generated fully through Sage Accpac Insight and Sage Accpac ERP customized reports.
After successfully using the application for seven months TeamLease is now considering additional modules of Sage Accpac to cover requirements of Bank Reconciliations, TDS, and Fixed Assets and operations modules of Purchase Orders and Purchase Order Approval.
Sage Software India – Managing Director, Mr. Thomas Abraham stated- “Sage software specializes in business management solutions for the SMB segment. Sage Accpac ERP is a perfect fit for companies like Team lease as it offers quick return on investment is configurable and offers an ideal platform for companies who are looking to migrate to a robust and a cost effective accounting solution. Selection of Sage Accpac ERP by Teamlease is of strategic importance to us as we get an opportunity to make our presence felt in a new industry vertical of staffing and Human Resource”
Mr. Giridhar Murthy, Director New- Age Business Consultants stated- “New-Age brought strong domain knowledge in Accounting, Finance and MIS. It also brought significant ability to think outside-the-box in an industry that has several specific challenges. During the course of the implementation, TeamLease appreciated New-Age's robust project management processes allowing the company to go live on schedule”
Mr. N Venkatraman, Chief Financial Officer, Team Lease Services Private Limited stated- “While evaluating an ERP solution, we were looking at some specific attributes like quick product implementation, flexibility of use, powerful reporting capabilities and cost effectiveness. Also since the users were to migrate from a basic accounting application like Tally we were looking for a system which is easy to use and can be quickly adopted by the end users. Sage Accpac ERP met all these requirements”
Notes to Editor
About Sage
Sage Software India has over 700 customers in India for its CRM and ERP products across industries like, Financial Services, Manufacturing, Distribution, Travel and Hospitality, Healthcare, Media and IT Services. Sage has a number of industry specific solutions to address the needs of the Indian Market. Sage Software India is a subsidiary of The Sage Group plc, a leading international supplier of accounting and business management software solutions and related products and services for small to mid-sized businesses. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and the Group now has 5.4 million customers and employs over 13400 people worldwide
About New-Age Business Consultants
New-Age is one of the leading firms providing ERP and CRM services to mid-sized enterprises in the Services, Manufacturing and Distribution sectors. New-Age is based in Bangalore and was set up in 2001. New-Age won the Top Accpac ERP Award from Sage for the year 2006-07.
About Teamlease
TeamLease is India’s largest Staffing Company with 70,000 Associates on its rolls. It operates from 19 geographical locations in India and provides a range of Temporary and Permanent manpower solutions to 750+ clients.