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Case Study

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GKB Vision Pvt Ltd.

GKB Vision, Goa is part of Essilor India which is the Indian Arm of Essilor Luxottica who are the World Leader in Prescription Glass in Eyewear Glass & Frames business.


Essilor India has grown exponentially in India in Organic and Inorganic way of growth by taking over many small companies who are already making their presence felt in many parts of India.


GKB Vision is one of the Entity taken over by Essilor India. 


As part of the Essilor India's plan to streamline & standardization of the Business Process of the entities taken over by Essilor India appointed KPMG and Nova Technosys to implement the same at all the entities taken over by them.


Essilor India entrusted the task of Standardization of Accounting and bring in the required control in the System at GKB Vision, Goa to Nova Technosys along with KPMG jointly.


KPMG and Nova Technosys devised the process on Tally to Standardized their Chart of Accounts (COA) with Codes, Re-grouping of Chart of Accounts as per MIS requirements of Essilor India, Merging of General Ledger (GL) Accounts where required, Cleaning up of Chart Of Accounts & General Ledgers and then migrating the Data to reflect the newly implemented Codes to in all their existing Transactions and eliminate the discrepancy between the Ledger Balance & Bills Outstanding


Using Nova Tally the flagship customized solution from Nova Technosys on Tally.ERP as well as on Tally Prime, Implemented Process like,


making KYC for Customers 

making KYS mandatory for Suppliers

Transactions will not be allowed in the System without KYC / KYS

Implementation of Work Flow to control the Master Creation / Transactions / Limits

Linking Purchase Order to Supplier Bills and Tracking the Pending Bills at Purchase Order Level

Linking Sales Order to Customer Invoices and Tracking the Pending Invoices at Sales Order Level

Provision to attach Documents at Master & at Transaction Level

 

Developed Interface to their Billing Application to pass on the Available Credit Limit for each Customer on daily basis for the Billing System to Stop the Billing when the Credit Limit for the Customer is crossing the set limit.


Developed Banking Module to help the User to decide the Payment against each Bill which is due for Payment and once the User completes the Payment plan the System will automatically generate the Payment Transactions and post into Tally software


We have hosted the Solution on Cloud Server enabling the Entity to post transaction in the server and the Essilor HO to view the reports as and when required.


Designed and Developed an interface to the Sales Order to Billing system developed by GKB Prime Lenses to Tally Prime to handle the e-Invoicing process through Tally Prime and send the details back to their Sales Order System.