Brainvire Optimized ERP System for a Leading Sports Brand Using Odoo
About
India's premier tech-driven grassroots sports competition platform aims to ignite the passion for sports amongst the youth, through engaging experiences. Since 2015, they've organized 12 Championships across cities like Mumbai, Pune, Hyderabad, and Jaipur, spanning 28 sports and involving 200,000 athletes from over 4,000 schools. Recognized by the Sports Authority of India and an official partner of Team India via the Indian Olympic Association, they've committed to sponsoring the Khelo India Youth Games until 2028. They play a pivotal role in governmental and corporate sports initiatives.
Project Highlights
To enhance operational efficiency, the company collaborated with an Odoo partner to refine their system. Using Odoo, we optimized processes such as managing cost and profit centers, overseeing purchases, handling invoicing, and streamlining accounting and HRMS functions. This integration enabled them to achieve a more organized and efficient business operation.
The Challenges
- Cost Centre and Financial Reporting Challenge:The primary issue with this project revolves around managing the cost center and financial reporting.
- Implementing Procurement System for Efficiency:The absence of a procurement system necessitated its implementation to ensure a smooth operational process.
- Expense Report Allocation Challenges Addressed:The client's team faced challenges with the Expense report, as they struggled to determine the specific amounts allocated to individual sports projects, departments, or business units.
- Managing Multi-Currency with Agreed Rates:The client needed assistance in handling multi-currency transactions using specific exchange rates agreed upon internally with their customers.
Tech Stack
Odoo
PostgreSQL
Azure Board
Result
Finance Insights: Sports, Units, Locations Deciphered
We generated detailed finance reports, categorizing expenses and income by client business units, specific sports activities, event locations, and other relevant metrics.Detailed Expense Reporting Achieved
The client's team received guidance on streamlining their procurement process and obtaining detailed expense reports related to purchases.Sports Expense Clarity Fuels Budget Reallocation
Implementing the cost center functionality gave the client clear insights into their sports-related expenses, enabling informed decisions on reallocating budgets between projects.Odoo Streamlines Rates, Transactions, and Reporting
The team successfully sets predefined rates with vendors and customers, processes transactions, and generates relevant reports. Odoo's feature automates exchange entries seamlessly.
