RENTAL MFI – EMERGING ALLIANCE

SAP BUSINESS ONE RENTAL MODULE – EMERGING ALLIANCE

Most of the micro finance companies have a various branches in different locations. Each of these branches have rent payment requirements which makes this a key feature in SAP Business One. Generally in the current scenarios, a particular rental property where the rent is agreed and there is a schedule to pay the rent. We know that, for the current month what is the rent to be paid, similarly what’s the rent to be paid for the 3^rd and 4th month, and so on. For a period of 12 or 24 months, depending upon the agreement that’s been signed with the property owner, we have warrant Schedule.

If a micro finance company has 30 to 40 branches then we have schedules for each and every branch. SAP Business One add-on developed by Emerging Alliance has a consolidation screen, wherein this activity which is manually done, when every line item in the schedule for every month is taken, and the journal entry pass is automatically. What SAP Business one add-on does is, it consolidates all the rental payments which are due for a given month in one screen. If we choose the date and month on which the rental payments have to be done, then SAP Business One runs a program at the background where it brings the 3^rd payment from schedule and it gives us what’s the rental to be paid, TDS calculation and so on. Similarly it applies for other schedules also.

The consolidation module looks in a way where the SAP Business One collates or goes back to the rental master and starts bringing in the dues which are overdue for that particular and lists it out. We have an option called ‘add’ where once we select it, all of the entries will get posted at the backend. This is how a journal entry is passed. All the Debit and Credit which happens at the backend automatically. So Imagine the possibility or the time reduction the system brings, for example if we have more than 250 branches, then there will be 250 rental transactions or entries to be passed which is consolidated in SAP Business One in a click.

Our observation is that, manual activity take 2 to 3 days timeline to complete the task. With SAP Business One add-on, the activity takes less than 15 minutes. There is a huge reduction in time and this is how the SAP Business One rental module developed by Emerging Alliance for MFI works.

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