Highlights
Case study Snapshot
Business Challenge: Streamlining financial and operational processes to meet Kuwait’s statutory requirements while ensuring seamless data migration and enhanced reporting .
Solution: Comprehensive implementation of Microsoft Dynamics 365 Finance and Operations by Emporis, including regional compliance configuration and process automation.
Results: Improved accuracy, automated processes, robust data integration, and enhanced financial visibility, tailored to meet the unique requirements of the Kuwait market .
One of Kuwait’s leading food and facilities management companies was looking to streamline financial operations and achieve regional compliance while upgrading to Microsoft Dynamics 365 F&O. Over the years, as their business grew, their financial transactions and taxation and compliance requirements grew complex. The earlier ERP solution was falling short of achieving the expected process automation and operational efficiencies.
Emporis team of experts did a comprehensive audit of the existing systems and suggested an upgrade to Microsoft Dynamics 365 Finance and Operations with GL, Bank, Fixed Assets, AP, AR, Inventory Management, Warehouse Management module implementation. After multiple, intense discussions, the scope of the project was finalised to full cycle implementation with data migration, regional compliance setup, and process automation.
Emporis Solutions
Emporis stepped in to provide a robust solution by implementing Microsoft Dynamics 365 F&O across operations.
The project included:
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Full Cycle Implementation
Complete deployment of Microsoft Dynamics 365 F&O modules, such as General Ledger, Accounts Payable, Accounts Receivable, Inventory, and Warehouse Management. -
Data Migration
Seamless migration of opening balances, open transactions, and month-wise trial balances from Dynamics AX to Dynamics 365 F&O. -
Regional Compliance
Configuration of three decimal transactions to satisfy statutory requirements specific to Kuwait, ensuring legal and tax compliance. -
Enhanced Reporting
Development of MIS reports using SSRS, Power BI, and Financial Reporting tools, along with data export for Hyperion to facilitate comprehensive group reporting. -
Automated Bank Reconciliation
Implementation of automatic bank reconciliation processes to reduce manual intervention and improve accuracy. -
Dimensions for Employees and Fixed Assets
Integration of employees and fixed assets as dimensions within the Dynamics 365 system, streamlining the tracking and management of these critical resources.
Benefits of the Solution
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Compliance and Localization
Complete setup and configuration to ensure compliance with Kuwait’s statutory and regional requirements, including precise three-decimal transaction support. -
Streamlined Data Management
Successful migration of critical financial data from Dynamics AX to Dynamics 365 F&O, maintaining accuracy and consistency.
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Automation of Key Processes
Enhanced Journal Templates: Automated validation of journal templates during import, ensuring compliance with accounting structures.
Bank Reconciliation: Automation reduced manual tasks and improved data accuracy. -
Advanced Reporting
Real-time insights and advanced reporting through Power BI and SSRS, facilitating better decision-making and financial analysis.
Results
- Transitioning to Microsoft Dynamics 365 F&O significantly improved the businesses ability to manage operations across multiple domains, from food services to healthcare.
- Emporis ensured smooth migration, maintaining data integrity and accuracy throughout the process.
- The tailored implementation of three-decimal transaction support and VAT configuration ensured full compliance with local laws and regulations.
