Technology + People + Process

AM Solutions Dynamics AX Financial Management Case Study

How Raybiztech helped AM Solutions in Dynamics AX Up-gradation & Implementation of Financial Modules

AM-Solutions-logoAM Solutions is a 6bn AU$ organization that has rich heritage of customer base from across Asia and the world. Its clients are operable to an array of brands including Chemist Warehouse, My Chemist, Discount Vitamin Warehouse, Beauty, and Fragrance. The company provides a backend operational assistance for accounts, stocks, payrolls, HRM, logistics and warehouse management.

AM Solutions has solicited Ray Business Technologies for strengthening its feeble finance module enveloped with malicious complexities. It had totally failed to perform end-to-end Asset Management, Finance Management and General Ledger. The core project in hand paid emphasis on upgrading from AX 2009 to AX 2012.

Executive Summary

  • Figuratively, AM solutions wanted to hit for bringing hyper-advancements in its finance module as part of their project up gradation.
  • Besides the upgrade from AX v2009 to AX v2012, the client conveyed to us about its curiosity for laying mega enhancements in copy business entity features & bank reconciliation.
  • It wanted a rigid and rugged ledger absolutely free of trouble.

Challenges & Implications

  • Raybiztech faced a tug-of-warfare while heading for bank reconciliation as NAB bank produces nothing except the CSV file format whereas Dynamics AX only accepts file format of BAI2
  • The permanent elimination of copy company from AX v2012 which otherwise was the friendly feature of AX v2009 had paved stumbling blocks and bricks on our way to financial reformation
  • The rugged race for leaping over those Ledger account structures that saw deep advancements in AX v2012 were tolerated
  • Carrying cyclical onboard for the fleet of new business entities was clinched with challenges

Solution

  • After shuttling, shepherding & storming over the client's business/technical granularities, Ray Business Technologies was able to espouse with a tailored solution of quantum value
  • Raybiztech planned to inject Dynamics AX with its super-general ledger strengths for softening of the spiral financials
  • Tracing the furious functionalities of Microsoft Dynamics AX 2009 in terms of finance was phenomenal as it has helped us in optimizing the client’s  Interface for undertaking bank reconciliation
  • Critical customizations  has resulted in the conversion of CSV to BAI2 file format
  • Copy company feature in AX 2012 virtually realized with the creation of external legal entity to copy the subsequent ledger data  in a sequence & releasing all of them into the newly created company
  • By Onboarding  all the essential 800+ business entities using Dynamics AX, Raybiztech has brought Thumbs-up improvements in AM Solutions core financials
  • Raybiztech converted all the impossibilities into possibilities while configuring the new file support system for bank reconciliation using AX v2012

Benefits of Microsoft Dynamics AX Financial Management  2012 on Business Cases 

  • Fully automated bank reconciliation process dump the man-handled financial transactions by at least 70%
  • With the implementation of Copy business entity in AX 2012, managing massive accounts/entity has radically reduced the human efforts by 90% 
  • Centralized system highly compatible for governing the online services & support

Key criteria for selecting Dynamics AX Version 2012

  • Industry specific Dynamics AX 2012 R3 known to be the watchful solution bunched with growth factors in favor of AM Solutions
  • Safeguard the company's business from going off-track to refurbish revenues on the capital investment
  • Master data management for above 820 corporate entities supports immeasurable flow of the dinosaurus data  across all the departments
  • Generate practical budgetary modules/capital estimates & financial plan templates for Microsoft Excel
  • Industrial warehouse operational costs condensed by happy halves
  • Raybiztech thanks AM Solutions for relying on the differently unique Dynamics AX solution for mastering over the financial modules

dynamics-ax-Financial-Modules

 

About the company

Founded in 2009, Ray Business Technologies Private Limited is a Global Information Technology (IT) Services and Solutions company. Our strong systems and processes; CMMI Level 3, ISO 9001:2015 & ISO 27001:2013 Certified; enable our excellent team of Technology Professionals to provide cutting-edge IT Solutions to Enterprises worldwide, empowering them to utilize available resources and manage their operations effectively by improving efficiency, optimizing services, securing information and reducing costs in North America, Australia, Canada, Europe, Middle East and Asia.

Raybiztech offers comprehensive end-to-end IT Services for Business Application Development, Enterprise Solutions, Enterprise Collaboration Services, Testing and Quality Assurance Services, Embedded Systems, Cloud Computing and IT Infrastructure Management to organizations in the Banking & Finance, Insurance, Healthcare, Manufacturing, Retail, Media & Entertainment, Leisure & Travel, Telecom and Energy & Utilities verticals as well as Independent Software Vendors.

Our innovative IT Solutions in Enterprise Resource Planning (ERP), Enterprise Portals and Content Management (EPCM), Customer Relationship Management (CRM), and Enterprise Mobility including Product Development and Life-Cycle Support, have resulted in significant strategic and cost advantage for our clients worldwide.

Our solution-driven approach makes us a strategic partner to Fortune 1000 enterprises. Our strong domain expertise, global work culture and technical excellence help companies to get ahead and be ready for future. We enable our clients achieve competitive business advantage through our flexible and next generation global delivery models, agile development methodologies and expert frameworks.
 


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