ROCKWOOL

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ROCKWOOL

JSC Mineralnaya Vata is the world leader in the field of production of nonflammable insulation on the basis of rock wool.

started cooperation in 2012.

Cooperation

Сollaboration between ROCKWOOL and TIGROUP

ROCKWOOL Group of companies – the world leader in production of rock wool solutions.

Production of the company is applied for warmth keeping, sound- and fireproof and is intended for all kinds of buildings and constructions as well as for shipbuilding and industrial equipment.

Today ROCKWOOL owns 27 plants in 17 countries of the world: in Europe, North America and Asia.

TIGROUP tasks included business process improvement as well as automation of debtor payment accounting on SAP ECC 6.0 basis. The customer wanted to pay special attention to the advance payment accounting and control.

Having studied specifics of the company TIGROUP experts developed special solution taking into account requirements of dynamically developing company.

Projects

SAP Roll-Out (tasks)

The following tasks were completed:

Automation of advanced orders endorsement for shipment and completing

Time reduction for statement posting, acceleration and improvement of client payment and order correspondence

Reduction of number of user actions on advance payment and invoice clearing

Accurate control of correct print of invoice for the debtor advance payment and of shipment invoice (payment order number and date control)

Closer interaction with clients and transaction cost reduction (sending on e-mail, detailed report making, open position analysis etc.)

SAP Roll-Out (Functional scope)

The solution includes the following functional developments in SAP ERP system:

The program of debtor bank payment allocation to advance orders and invoices of the client.
The interface of manual unaccounted payment allocation to advance orders of the client.
Statement loading with automatic payment order text analysis: date of withdrawal of funds from a customer account, basis for payment (order, account, invoice).
Automatic advanced order blocking and unblocking at a payment allocation to order.
The program of advance payment and invoice clearing interface according to the order (with possibility of automatic clearing).
The printing of correct invoices and "advance" invoices taking into account payment order data (serial number and date).
The program-report on advance documents of the client with possibility of document publishing and automatic sending to the client by e-mail.
Completion of the debtor reconciliation report with possibility of automatic document sending to the client by e-mail.
Reports on payments applied to an order and on orders taking into account applied payments.

Customer's Payment Solution (Functional scope)

Subsystem alows keeping customer's payments record binding to orders (contracts).

Functional scope:

Allocation of customer's payments on advanced orders and customer's TAX notes

Interface for manual allocation of off-the-book payments on customer's advanced orders

Bank statement downloading including automatic allocation of trans order's text: the day of customer's debiting, reasons of payment (order, invoice, TAX note)

Automatic blocking / unblocking of advanced order while allocating of payments on order / invoice

Program of interface for advanced payments and TAX notes via costomer's order (with opportunity of automatic clearing)

Out-going TAX notes printing with automatic data on trans orders recording (on order)

Report on payments allocated on order

Report on customer's orders with respect to allocated payments

Customer's Payment Solution (Business benefits)

Automation of unblocking process for payed shipping and picking orders

Reduced time loss for bank statement processing (from 4-5 hours to 1-2 hours)

Quick and modified process of customer's payment and orders comparison

Quick advanced payments and TAX notes clearing

Enhanced control on correct printing of TAX note on customer's advanced payment and TAX note on shipping

Reduced transaction costs