The customer
A global leader in energy technology, providing solutions for the oil and gas and energy industries, with manufacturing in India under MOOWR. Under MOOWR the licensee executes a bond for three times the duty on the warehoused goods, so the bond has to be tracked as goods come in and go out.
The challenge
MOOWR compliance was manual: tracking the triple-duty bond was difficult, and the monthly Annexure B return was prepared by hand.
The solution
IVL implemented OptiEXIM’s MOOWR solution in SAP S/4HANA on RISE with SAP. Bond management, including the triple-duty bond, is centralised and monitored in OptiEXIM.
The result
- Bond management, including the triple-duty bond, centralised and monitored in OptiEXIM
- MOOWR compliance moved from manual tracking into SAP
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.
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