The customer
One of India’s leading electrical and consumer durables companies, with products across electrical, lighting and home appliances, importing from suppliers in many countries.
The challenge
The solution had to cover every import process the company runs, with no exceptions.
Vendors were paid through letters of credit, documents against acceptance (DA), documents against payment (DP), open account and advance payment, which added complexity.
Each bank had its own formats and documents, which made standard processing difficult.
The solution
IVL implemented OptiEXIM in SAP S/4HANA on RISE with SAP. Overseas suppliers initiate and create their shipping documents themselves in SAP Fiori, and the import team is notified automatically for the next steps.
Steel Import Monitoring System (SIMS) requirements, IGCR concessional duty, EPCG and free trade agreement benefits are handled on import transactions through OptiEXIM. Its import trade finance processes every vendor payment, with built-in checks and controls.
The result
- Vendor self-service: suppliers create shipping documents in SAP Fiori, and the importer is notified automatically
- Every import scenario covered in one SAP process
- Controlled vendor payments across LC, DA, DP, open account and advance payment
About OptiEXIM
OptiEXIM is IVL’s SAP-certified on-premise SAP EXIM add-on for SAP S/4HANA and SAP ECC, including RISE with SAP: export-import documentation, ICEGATE filing, export incentives, bonded warehousing and trade finance, inside SAP. Companies on SAP S/4HANA Cloud or SAP BTP use OptiEXIMc, IVL’s cloud SAP EXIM platform.
More about OptiEXIM →