Fast Moving Consumer Goods (FMCG) or Consumer Packaged Goods(CPG) are the products that have a very quick sale at relatively very low price. The main profit of these companies are not based on the margin, it is mainly based upon the volume of the sales. The products in the market are updated very fast due to high competition. The main products of these type of companies are :- Personal Care Household Utilities Food and health beverages Paper Products Tobacco Products Bakery Products Vegetables and Fruits Financial and Accounting Management Information System Used in FMCG:- These Systems tracks the financial events and helps to sum up the whole financial information These kind of systems computerise the Financial management (PFM) processes They are helpful to prepare the financial reports , budget decision, fiduciary responsibilities The main task fulfilled by these systems is the integration of the data The scope for this IS extends from General Ledger, Debt control, Auditing process, Revenue collection, Payroll. The FMCG Company that has been analysed for Finance and accounts is HUL (Hindustan Unilever Limited) HUL Hindustan Unilever Limited is India’s largest and one of the world’s leading FMCG Company with yearly turnover of approx Rs.18, 000 crores in India, it is a subsidiary of Unilever which has a stake of 52% in HUL and an annual turnover of 40Billion Euros and has a market in more than 100 countries. The company is also on the list of Forbes Fortune 500 companies. The following are the product line of the company:- Personal Wash 1)Liril 2)Lifebuoy 3)Haman 4)Dove 5)Lux 6)Pears 7)Breeze Fabric Wash Rin Supreme Surf Excel Wheel Hair Care Clinic Sun silk Naturals Oral Care Pepsodent Cosmetics Lakme Fair and Lovely Pond’s Vaseline Aviance Deodrants Axe Rexona Beverages Brooke Bond Brooke Bond Bru Lipton Foods 1) Knorr 2) Kissan Business Cycle SAP HUL turned to SAP treasury to meet all its needs. To integrate the treasury process from planning and decision making of Hindustan lever to the management of financial transactions and positions , SAP treasury linked overall Sap R/3 system implementation at Hindustan lever and also for the transfer of records to financial accounting. The two big advantages over which the SAP treasury was chosen were portability and integration. To achieve the vision of establishing a global treasury information system, portablility was required. The new SAP treasury management system availed a good return on initial investment and streamlined the treasury operations in the US. SAP Treasury v/s the Earlier Systems The corporations these days are measured on the accuracy and timeliness of information on the cash position, determining which is the most important operational duty that the treasury has. SAP Treasury enabled Hindustan lever to get huge improvements in the timeliness and accuracy of this information. It wasn’t feasible to generate automatically the basic daily cash position.
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