Press release
Teamlease selects Sage Accpac ERP by Sage India to automate its Accounting and Financial Processes
Sage India
New Delhi, June 1st, 2009-Sage Software India today announced the successful completion of the implementation of Sage Accpac ERP at TeamLease Services. Sage Accpac ERP is expected to automate TeamLease’s accounting and financial processes. The solution has been implemented by Sage’s Bangalore-based partner New-Age Business Consultants.
Business Challenge:
TeamLease ran its accounting on Tally. Tally was unable to scale to meet TeamLease’s transaction volume growth - 2000 Customer Invoices and Salary Journal entries, 60,000 payments per month. This meant entering only summary transactions into Tally and required multiple Excel files to be managed and reconciled. Further all MIS had to be prepared outside the system, again in Excel.
Solution:
In October 2006, TeamLease decided that they need a more robust and scaleable solution for their accounting and financial processes. Sage Accpac ERP was selected for the following reasons:
• Ability to bring in all transactions at line item level and to scale further as TeamLease continues its rapid growth
• Quick implementation, configuration, training, testing and hand-holding during go live
• Ease of use and maintenance
• Ability to import large amounts of data from Excel files
• Ability to generate flexible MIS based on SBU, Branch, Department, etc.
• Ability to configure and provide reports to meet Indian statutory requirements - Service Tax, TDS, etc.
• Ability to add other integrated modules for Finance and Operations
TeamLease made the decision to invest in Sage Accpac ERP Financial modules of General Ledger, Accounts Receivable and Accounts Payable and Sage Accpac Insight in December 2006. Implementation commenced in January 2007. TeamLease went live on April 1, 2007, i.e. within 3 months of start date. MIS for May 2007 was generated fully through Sage Accpac Insight and Sage Accpac ERP customized reports.
After successfully using the application for seven months TeamLease is now considering additional modules of Sage Accpac to cover requirements of Bank Reconciliations, TDS, and Fixed Assets and operations modules of Purchase Orders and Purchase Order Approval.
Sage Software India – Managing Director, Mr. Thomas Abraham stated- “Sage software specializes in business management solutions for the SMB segment. Sage Accpac ERP is a perfect fit for companies like Team lease as it offers quick return on investment is configurable and offers an ideal platform for companies who are looking to migrate to a robust and a cost effective accounting solution. Selection of Sage Accpac ERP by Teamlease is of strategic importance to us as we get an opportunity to make our presence felt in a new industry vertical of staffing and Human Resource”
About Sage
Sage has over 1000 customers in India for its CRM, ERP, Payroll and HRMS products across industries like, Trading & Distribution, Manufacturing, Services, IT/ITES, Financial Services, Media, Travel and Hospitality.
To know more about Sage ERP visit http://www.sagesoftware.co.in
About Teamlease
TeamLease is India’s largest Staffing Company with 70,000 Associates on its rolls. It operates from 19 geographical locations in India and provides a range of Temporary and Permanent manpower solutions to 750+ clients.
Sage has over 1000 customers in India for its CRM, ERP, Payroll and HRMS products across industries like, Trading & Distribution, Manufacturing, Services, IT/ITES, Financial Services, Media, Travel and Hospitality.
Sage Software India
100, Okhla Industrial Estate
Phase - III, 1st Floor
New Delhi - 110020
Tel: +91 11 40712488
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