Currently, twenty-nine (29) ideas have been generated within the Finance Department under the SII programme.

Nine (9) of these ideas have been selected for implementation, while the remaining ideas are still under review. To date, two (2) significant ideas—Automation of Expense Advance Request/Expense Accounting, Payment of Monthly Vodafone Bills, and Vendor Payment Processing—have been successfully implemented to improve efficiency and reduce paperwork costs. The automation of Expense Advance has minimized the productive hours spent generating requests and tracking approvals. Now, requests can be originated, approved, and accounted for on any Plant Workstation, significantly reducing the time needed for JV generation and helping to close books faster at month-end.

Payment of Monthly Vodafone Bills

The Bank currently offers this service at no cost to the company, resulting in monthly savings of $32 for the Plant. The man-hours previously spent processing these payments are now redirected to more productive tasks.

Account Payable System

This system has greatly reduced the time required to review financial records, further assisting in expediting month-end book closures.