Uno Minda takes a digital leap with Moglix vendor portal

Ratan Tata backed B2B commerce company, Moglix, has helped Uno Minda Group achieve digital transformation in its procurement process with Moglix’s vendor portal solution. The announcement comes after the automotive components manufacturer showed a considerable increase in operational efficiency following adoption of the solution.

Uno Minda Group has 30+ manufacturing plants and 2000+ BOM suppliers across India, the interaction between its vendors and individual buyers was completely unorganised and offline prior to the company’s adoption of Moglix’s solution, leading to excessive manual effort resulting in loss of time and information in transition. There have been multiple cases that led to mismatch in ledgers leading to delayed reconciliations and extra human effort by finance department and vendor’s team. Other challenges at Uno Minda Group included mismatching of invoices and inefficient means of supplier performance.

Uno Minda group also proactively identi?ed, that post the GST regime, if a vendor’s ledger mismatches with their ledger, the Input Tax Credit(ITC) will be unnecessarily blocked in the system. ITC is typically 18% to 28% of the working capital. With GST coming in, this was the perfect time for them to streamline and digitize the entire procurement interaction with their suppliers. To battle these challenges, Uno Minda Group successfully adopted the vendor portal solution that Moglix developed on SAP’s SCP environment and seamlessly connected the portal to SAP using HCI connectors.

Source: Uno Minda Group