The continually evolving business and customer needs call for a more agile, cost-efficient, scalable, and secure IT enterprise environment. Full control and transparency over information and real-time insights now drive the governance, monitoring, and proficiency of operations across the spectrum.
WayCool, India’s largest food and agritech platform, works as an interconnected supply chain driver that provides a singular, unified view from soil to sale of agricultural produce. As a startup, WayCool initially used conventional legacy applications that were causing a disrupted information flow, thus adding bottlenecks to evolution and scale. A traditional ERP system meant little to no interconnectivity between different businesses of the company.
As the business evolved and became more complex, WayCool decided to migrate to SAP 4/HANA for seamless integration of all IT applications. Scalability, enhanced margins, better inventory management, and automated controls accrued as some of the immediate benefits of this move.
The business challenge
WayCool’s legacy ERP lacked a finance module, leaving the organization to rely on TALLY for their MIS. While this was manageable for one retail store, it compounded the manual interventions with expansion. Every new retail location required a new ERP and TALLY license that inherently didn’t interconnect with each other. A unified dashboard was missing from the ecosystem, making the company lose out on real-time analysis and actionable insights.
After WayCool diversified to the B2B sector, the company was operating around 30 Distribution Centres (DCs) spread across six states in India. To get a consolidated MIS, the entire information had to go through over 120 manual reconciliations every month. Setting up a new DC translated to adding at least 5 more manual reconciliations to this mix, making the entire exercise labour-intensive and inefficient.
Data transparency was required across diverse verticals to ensure on-time planning and on-demand scalability. To top it all, the pandemic had forced the entire country into lockdown during this time.
SAP 4/HANA was implemented as the core ERP at 44 plants with three objectives – a modular but interconnected ecosystem, AI-driven embedded analytics, and on-cloud accessibility. Considering the onus placed on a timely and successful deployment, a 40-member team was dedicated exclusively to the task. A collective effort, even with work-from-home, led to the platform going live in just 22 days! While it often takes years to complete a migration of this magnitude, WayCool stabilized its end-to-end SAP 4/HANA deployment within 60-70 days.
The plan ahead
WayCool is in the second phase of the deployment now with a focus on algorithm-driven automated prioritization and processing of outbound payments. This development is expected to clear more than 2,000 daily disbursements, which had to be done manually earlier. All the bank accounts are planned to be integrated directly into the system, creating a single point of approval.
WayCool has moved from a disconnected ERP system to a platform with the foundation to fulfil the company’s objective of sustainable growth.
When it comes to developing sustainable food systems, India is at the forefront even as other countries argue over who should bear the weight of climate change. We are on the verge of a seismic transformation fueled by technology, quite similar to the ‘Green Revolution’ that helped India recover from an agricultural catastrophe in the… Continue reading WayCool Migrates to SAP 4/HANA in Record 22 Days vis-À-vis Industry Standard of 12 MonthsRead More