V-Guard on finance digital transformation

V-Guard Industries Limited is an electrical appliances manufacturer with a pan-India presence. With Project Falcon, V-Guard embarked on its finance digitization and transformation journey with an objective to drive business partnering and delivering friction free and robust finance processes supported by a Finance Team ready to embrace digital in their ways of working.

A few examples of the interventions that V-Guard took up were as follow:

  • Implemented a finance organisation structure which embedded a business partner organisation for driving strategic finance and a central business services team for operational finance
  • Re-engineered and simplified finance processes enabled by automation, interfaced with e-commerce platforms
  • Re-defined ways of working by embedding process effectiveness measures in processes, and designing an oversight analytics framework to enable exceptions tracking and reporting
  • Accelerated time to book close enabling early business decisions
  • Enhancements in the current SAP system to bring in automation
  • Implemented SAP Analytics Cloud for self-service dashboards which enabled dimensional profitability and cost analysis
  • A re-designed financial planning process supported through annual financial planning, rolling forecasts through an Oracle EPM stack
  • Well defined roles, responsibilities and performance metrics for the finance team

Fullwidth SCC. Do not delete! This box/component contains JavaScript that is needed on this page. This message will not be visible when page is activated.

Did you find this useful?