The organization takes the lead in streamlining its business processes for competitive advantage
Mumbai , India — Larsen & Toubro Limited, Electrical and Electronics Division (L&T–EBG), is the first company in India to announce the ‘go-live’ of Strategic Enterprise Management (SEM), a key functional area of mySAP™ Financials. This initiative marks a significant step towards strengthening the company’s business intelligence and value-based management for competitive advantage.
L&T has always been ahead of the curve in adapting technology to improve our business processes, and this ‘go live’ further illustrates our progressive approach to managing our business,” said Mr. R. N. Mukhija, Member of the Board and Sr. Vice President (Operations) of Larsen & Toubro Limited. “This SAP implementation will enable our organization to execute strategies fast and successfully and manage business performance, planning and budgeting through the entire organization with one ‘Management Cockpit’ on a single screen that monitors the progress of all of the organization’s strategic initiatives. L&T-EBG’s strategic plans will be funneled down the line through the deployment of a ‘Balanced Scorecard,’ helping executives monitor the performance at all levels.”
Strategic Enterprise Management, a key functional area of mySAP™ Financials, supports integrated strategic planning, performance monitoring, business consolidation and effective stakeholder communications, thus enabling value-based management.
“One of the key challenges organizations face is closing the loop between strategic initiatives like business planning and transaction systems, which in most companies is still a disconnect,” added Mr. Alan Sedghi, President & Managing Director, SAP India. “With the implementation of the SEM capabilities (from SAP), L&T-EBG is now in a position to formulate its business plans and communicate objectives throughout the entire organization using the ‘Balanced Scorecard’. The organization can now monitor the performance of key strategic success factors and integrate external and internal benchmarks into the ‘Balanced Scorecard’ and ‘Management Cockpit’ to make informed and profitable decisions as a best run business.”
The SEM functionality uses mySAP Business Information Warehouse (mySAP™ BW), which enables business performance management and analytical application . It also forms a platform and central hub for implementing various other functionalities of mySAP.com®. The Strategic Enterprise Management capabilities of mySAP Financials are using mySAP™ BW, which is fed with data from the ERP solution, SAP R/3 Enterprise, and other information systems.
About L&T Electrical & Electronics Division (L&T-EBG)
Electrical & Electronics Division [EBG] is one of the core divisions of Larsen & Toubro Limited [L&T] with a turn over of RS 746 crores. This Division started its operation about 40 years back and currently has 8 Strategic Business Units. This division is engaged in the business areas of Electrical Standard Products, Electrical Systems & Equipment, Petroleum Dispensing Pumps & Systems, Metering and Protection Systems, Medical Equipment and systems and Control &Automation. Embedded System & Software and Telecom Project are the emerging businesses of this division. Electrical & Electronics Division has the largest market share of low voltage switchgear in India.