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FY 2022-23 WAS CHARACTERISED BY RISING INPUT COSTS AND WEAKENING CONSUMER DEMAND. A COMBINATION OF PRUDENT FISCAL PRACTICES, OPERATIONAL EXCELLENCE, SOLID BRAND CREDIBILITY, AGILE AND FLEXIBLE BUSINESS MODEL ENABLED US TO DELIVER RESILIENT OUTCOMES. THIS IS FURTHER ENABLED BY OUR SOLID FINANCIAL POSITION WHICH ASSISTS IN EFFECTIVELY DEPLOYING CAPITAL IN GROWTH OPPORTUNITIES.
We invested in the following modules in our system to move towards the automation of workflows and increase process transparency
Implementation of VIM
Vendor Invoice Management collaborates supplier invoices which enables us to improve cash flow by streamlining workflow and shortening the payment cycle.
Implementation of RPA
Robotic Process Automation uses virtual software robots to perform manual, time consuming work or tasks in order to mitigate the risk of human error and show clear and fair view of our books.
Implementation of IMPS
Investment Module and Project System, the planning and execution of project plans for CAPEX have now evolved in terms of better planning and managing our overall estimation of budget and project quality.
Materiality