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New Spoornet accounting system speeds up transactions

22 Nov 2002 - by Staff reporter
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‘Enhancing GFB’s focus on delivering value to customers’

SPOORNET’S NEW accounting system ConSAPtainer went live on August 1 this year for both internal users and customers, and is ‘doing well’, says general freight business (GFB) executive manager Anand Moodliar.
The implementation of the project enabled Spoornet to discontinue using INTAC, the previous accounting system for container consignments. The disparate technology from INTAC was consolidated into one integrated platform on which the ‘container taking business’, as Moodliar describes it, can be managed.
Some of the positive spin-offs of the project include a reduction in the cost of transaction processing as the use of inter-company collaboration tools such as Electronic Data Interchange (EDI) and the internet will decrease the costly paper flow and speed up transactions.
The project, which adopts Open Item Accounting as the method of accounting within the whole of Spoornet, also automates accounts receivable postings to customer accounts using an electronic banking functionality.
The new system, says Moodliar, is expected to enhance Spoornet GFB’s new business model, which is focused on delivering value to its customers.
The system provides users with the capacity to resolve problems experienced in the past. Disparate account numbers are replaced by a standardised, system-generated eight-digit account number in keeping with the latest information technology principles. Data transfer from the current system will take place early next year.
All outstanding balances will be carried forward to the new system, with an age analysis-driven and time bucket principle represented as a single line item.

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FTW - 22 Nov 02

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