Automated Procure-to-pay Cycle for GOSI’s Business Process Workflow

Challenge

Lack of automation in legacy systems was restricting agility and quick decision-making.

Non-standardized processes coupled with an incoherent system was negatively impacting General Organization for Social Insurance’s (GOSI’s) operations. There were severe cases of data isolation, redundancy, inconsistency, and inaccuracy. As a result, the monthly and yearly report generation was slow and often required manual intervention, which led to delays in statutory reporting and audit compliance. There was a lack of reconciliation between core insurance and finance resulting in data mismatch between back-end systems. Decision-making was further impacted by slow budget forecasting.

Solution

TCS enabled process modernization to facilitate new ways of working.

By leveraging Oracle Fusion Applications with other components such as Oracle EBS R12, Webcenter, Hyperion Suite, Oracle Business Intelligence, and Oracle Data Integrator, TCS re-engineered GOSI’s business process for standardization and risk mitigation.

TCS went through all HR policies and mapped them onto Oracle Fusion ERP while extending IFRS standards compliance to social insurance downstream applications. We also delivered PaaS solutions with fusion application to address requirements of extended HR processes with seamless login. Disaster recovery and single-sign-on (SSO) options ensured secure restoration of applications and databases, and automated procure-to-pay cycle and event-based accounting smoothened the process workflows. We leveraged Hyperion planning and budgeting system to reduce cycle time and unified data models for real-time reporting with Oracle Business Intelligence Application. TCS installed all the applications on the Oracle Engineered System with high-availability configurations.

Automated processes led to exceptional operational efficiency for GOSI.

Benefits

TCS transformed GOSI’s legacy system to modernized Oracle ERP Fusion.

The ERP modernization resulted in the following benefits

Improved tracking of accounts and procurement
Accurate budget planning and fund control

Statistics

100%

IFRS and statutory/regulatory compliance

90%

Digitalization of analytics and employee self-service for better insights

Contact

TCS is here to make a difference through technology.

We’re in it for good, driving positive change for the benefit of all.

Extraordinary expertise leads to remarkable results.

Want to be a global change-maker? Join our team.

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TCS works hand in hand with world-leading investors.

TCS is here to make a difference through technology.

We’re in it for good, driving positive change for the benefit of all.

Extraordinary expertise leads to remarkable results.

Want to be a global change-maker? Join our team.

Find the latest news about TCS in our Newsroom

Recent Press releases

Recent News

Recent recognitions

Upcoming events

TCS works hand in hand with world-leading investors.

GOSI modernizes business processes

Challenge

Lack of automation in legacy systems was restricting agility and quick decision-making.

Solution

TCS enabled process modernization to facilitate new ways of working.

Benefits

TCS transformed GOSI’s legacy system to modernized Oracle ERP Fusion.

Statistics

Transformation starts here

Find out more

TCS is here to make a difference through technology.

We’re in it for good, driving positive change for the benefit of all.

Extraordinary expertise leads to remarkable results.

Want to be a global change-maker? Join our team.

Find the latest news about TCS in our Newsroom

Recent Press releases

Recent News

Recent recognitions

Upcoming events

TCS works hand in hand with world-leading investors.

Challenge

Lack of automation in legacy systems was restricting agility and quick decision-making.

Solution

TCS enabled process modernization to facilitate new ways of working.

Benefits

TCS transformed GOSI’s legacy system to modernized Oracle ERP Fusion.

Statistics

Related reading

Transformation starts here

Find out more

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