365Telugu.com online news,Hyderabad,December 5th,2023:Telangana State Road Transport Corporation (TSRTC) takes a significant leap in Digital Transformation with the implementation of an Enterprise Resource Planning (ERP) project, focusing on improving operational efficiency and providing enhanced services to passengers.
TSRTC is the first corporation in India which implemented ERP project.
With a vast network of nine thousand plus buses, around fifty thousand staff, TSRTC daily operates 35 lakh kilometers, serving approximately 45 lakh passengers and connecting about ten thousand towns and villages.
Realising the need for technological advancement, the corporation has initiated the Centralized Integrated Solution (CIS) project, a state-of-the-art ERP system.
TSRTC VC & MD Shri. V.C. Sajjanar, IPS, along with CEO of Nalsoft
Private Limited Nalluri Venkat, launched the CIS project at the
corporate office, Bus Bhavan, on Tuesday, utilises the latest Oracle ERP
application, integrating modules like Finance, Human Resource
Management System (HRMS), Supply Chain Management (SCM),
Enterprise Asset Management (EAM), PayRoll, and Depot Operations.
Sajjanar said that the corporation has implemented the ERP project in a
record time of ten months. The CIS project enables effective management of revenues and timely actions for cost control.
It provides Data Integrity, Centralized Data Availability, Data Security, Optimum Manpower Utilisation and enables for faster and intelligent decision making.
Key Features of the CIS Project:
● Streamlining of all HR functions from recruitment to retirement;
Centralisation of PayRoll management.
● Digitalisation of core Finance functions, including Accounts
Receivables, Account Payables, General Ledger, Fixed Assets, GST;
integration of these modules with other modules and systems for faster
and accurate information flow and decision making.
● Increased visibility and efficiency in procurement of materials,
stocking, distribution, and scrapping.
● Process Improvement for Maintenance Activities at Depots, Zonal
Workshops, Tyre Retreading Shops, and Body Building Units.
● Enhanced operations at depots by integrating operations, maintenance,
stores, and accounts.
● Real-time data updates, comprehensive reporting, and enhanced
visibility across the organization.
An MOU was signed with M/s Nalsoft Private Limited on January 30, 2023,
for the CIS project in TSRTC, which was successfully completed within ten
months.
Mr. Nalluri Venkat of M/s Nalsoft expressed his satisfaction with the
project’s completion, highlighting its significance as the first of its kind in
Indian State Transport Undertakings.
Mr. YNV Trinadha Babu of Hansa Equity Partners said that no organization
can progress without using technology in day-to-day operations. He said that there is a possibility that the management of activities will become easier through the CIS project. It is a good result that TSRTC is progressing by overcoming many challenges.
Dr V Ravinder, Chief Operating Officer,Deepa Kodur, Advisor,
Digital Transformation, Executive Directors PV Muni Shekar,S
Krishna Kanth,V Venkateswarlu,A Puroshotham, Financial
Advisor BC Vijaya Pushpa, Chief Engineer (IT) M Raja Sekhar
and other officers from TSRTC and consultants from M/s Nalsoft
participated in the event, marking a momentous step forward for TSRTC in
achieving better operational efficiency and financial control through
technological innovation.