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GST systems and a faster import process
Finance leadership
Finance Manager, Ornate Agencies (Ornate Solar), a distributor of solar panels, inverters and related components.
- Situation
- A fast-growing distributor with 11 branches and 15 warehouses needed GST-compliant systems, control over foreign exchange exposure on imports and a quicker, cheaper way to clear goods through customs.
- What I did
- Managed the accounts and logistics departments across all branches and warehouses.
- Designed and implemented GST-compliant systems for scheduling, invoicing and reporting.
- Managed forex risk on annual imports and coordinated with banks on limits and trade services.
- Introduced a cost-effective system for importing goods.
- Result
-
- 7 daysfaster customs clearance
- 70%lower clearance cost
- USD 45Mannual imports, forex risk managed
- INR 400 Crannual turnover overseen
Questions about any of this?
Send me a note and I'll reply.