Kshema Power & Infrastructure Company Private Limited Enhances Operational Efficiency with eresource ERP – Nfra, an Integrated ERP Solution
Published On - October 8, 2024
Overview:
Company Name: Kshema Power & Infrastructure Company Pvt Ltd
Industry: Power Sector (Wind, Solar Energy & EPC)
Location: Chennai, India
Employees: 200+
ERP Solution: eresource ERP – Nfra
Website: www.kshemapower.com
Background:
Kshema Power & Infrastructure Company Pvt Ltd, a leader in renewable energy, has executed turnkey projects in Wind, Solar Energy & EPC. Over two decades of industry experience, it has expanded its portfolio with a focus on energy transmission, distribution and EPC. With over 1,000 Crore INR worth of contracts executed, the company is poised to achieve its goal of developing 1000 MW of renewable energy annually.
Challenges:
The company faced several operational challenges, particularly with decentralized and disjointed data across various sites. Manual processes and siloed information led to delays, inaccuracies, and inefficiencies in areas such as:
- Project Management: Lack of real-time visibility into
- Resource Tracking: Inability to track material usage and labour productivity
- Equipment downtime: Inefficient identification of parts and maintenance.
- Budget Cost: Difficulty in managing project budgets against actual expenditures.
Solutions:
Kshema Power adopted eresource ERP – Nfra, a comprehensive, web-based ERP solution developed by eresource Infotech Pvt Ltd. Tailored specifically for project-centric industries, the ERP system offered modules for:
- Tendering & BOQ Management
- Project Management & Control
- Onsite Engineers Management
- Sub-contract & Billing Management
- Purchase & Store Management
- Accounts, Fixed Asset, and Payroll Management
The ERP’s centralized platform enabled Kshema Power to manage multi-site projects with real-time data integration, improving visibility across all levels of operation.
Key Features of eresource ERP:
- Project Monitoring: Single point of access for pre-execution to post-execution stages, with a scheduling interface similar to MS Project.
- Resource Management: Efficient tracking of material, labour, and cash flow, with variance analysis and warning alerts for budget control.
- Cost Estimation: Detailed cost history for projects, enabling more accurate project bids.
- Contract & Supplier Management: Integration of subcontractor details, purchase orders, and potential change orders into accounting.
- Dashboards & Reports: Real-time visibility into project health through configurable dashboards.
Key Benefits:
- Enterprise wide View: Centralized management control with a comprehensive, real-time view of operations.
- Improved Data Accuracy: Single point of data entry improved information accuracy at project sites.
- Reduced Reporting Time: Daily progress reports, which previously took 7 days, were available in real time.
- Enhanced Project Management: Better multi-site project management, reducing delays and ensuring timely completion.
- Cost Control: Strengthened budget cost management and equipment downtime was minimized through better tracking of parts.
Conclusion:
By implementing eresource ERP, Kshema Power achieved significant improvements in efficiency, data accuracy, and cost control. The company is now better equipped to handle large-scale projects with enhanced operational agility, ultimately positioning itself for further growth in the renewable energy sector.