The Essar group came up with a solution to automate the procurement process. When manually handled, transparency to the stakeholders is almost nullified. This solution imparts transparency to all stakeholders as the entire transactional process—from identification to invoice payment stage—is to be automated. The initiative was started with the sole objective to impart transparency to stakeholders by embedding technological edge into the business processes. The project ensures interoperability of various applications, highlighted by the usage of intelligent workflows addressing the entire process of procurement.
This new initiative gained the organization quite a few benefits like cost saving in terms of reduced human intervention and lesser cycle time. The transparency provided for all transactions requires zero follow-up from application users.