Incorporate in 2003 by Sri Basanti Kumar Rungta.

Leading brokerage house and member of BSE, NSE and MCX – SX.

Poised to offer entire array of financial services.

Cutting edge technologies enabled the company to offer efficient and faultless customer services.

Successful role in client's wealth creation.

Help to optimize management of financial and

operational resources, integrate and streamline

operations and improve customer service for a

competitive edge.

Existing system inadequate for larger and complex business scenario.

Stage AS – IS

Process Analysis

Client dissatisfaction. Inefficient Pay in And Pay out

Product Analysis Low financial volume turnover. Single range of product.

Competitive Analysis Reductions in training volume. Lack of innovations.

Strategic Analysis

Hierarchical Organizational Structure. Programmes ran in isolation.

Stage TO – BE

Process Analysis Efficient Process leading to Client Satisfaction. Need for Efficient Pay in And Pay Out.

Product Analysis Increase financial volume turnover. Comprehensive mix of product.

Competitive Analysis Implementing latest technology. One Integrated system.

Strategic Analysis Design and develop client centric, decentralized. Rebuild Programmes.

Selecting and implementing a new ERP system and the process changes that goes

with it is, unquestionably a complex undertaking.

Vasanti Share Broker Ltd considered all four phases of transition strategies – Big Bang,

Phased, Parallel, Process Time.

Speed: Estimated time for ERP Implementation 16 Man Week.

Resources: People, hardware/software systems, technical support and consultants were put in place.

Risk: Measured on following factors :- User acceptance ROI Time for implementation etc.

Complexity: Less complex. Presence of 25 Branches.

Benefits:- Increase in customer satisfaction Improved brand image Increase in number of clients Efficient Pay In and Pay Out Etc Goodwill Faster trading system Faster problem resolution.

Pre evaluation screening

End User Training

Testing

Customization

Package Revaluation

Going Live

Implementation Team Training

Project Planning Phase

Roles and Responsibilites of Stakeholders

INTERNAL STAKEHOLDERS

Management

Employees

Promoters

EXTERNAL STAKEHOLDERS

Clients

Vendors

Banks

Spot Exchange

Cost: Less reserves more hindrance. Convincing People: Acceptance from "People" end. Techno Stress: Change faster than accepted. Need and Requirements: Clash of opinions and no clarity over the core business, IT Processes and firm positioning.

Incompetency: Unawareness of technical Know-Hows.

Resistance to Change: Intergation of different modules into one single ERP, would get difficult to change from manual legacy to ERP.

Fear of failure

Fear of being redundant

Fear of future

Techno – stress.

Defined as set of hardware, software, network, facilities etc in order to develop, test, deliver, monitor, control and support IT services.

Network and Servers – Critical Path at Vasanti Share Brokers Ltd.

Wide area communication connected through 100MBPS Leased Lines. Isdn Lines, INET and Internet connectivity back up the wanlinks. Server: Windows 2005 server X 64 bits. Backend (Database): SQL Server 2005 X 64 bits, Text Formatted Files. Network: Intranet, LAN/WAN connectivity for all the employees. Facilities: Office, Dealing room, Back office.

STRENGTH

•Reputation in the market place.

• Unique, stable and scalable business Model.

• Electronic matching and paperless security.

• Centralized operations, effective risk management and contol on large interconnected operations spanning multiple locations.

• Multiple engines of growth – an integrated financial services platform.

WEAKNESS

• Lack of visible goodwill among minor players.

• Lack of trust on company by clients.

• Weak Infrastructural facilities.

OPPORTUNITIES

• Structure of the firm, market size and growth rate is a huge potential.

• Can streamline and integrate mainline operations more efficiently.

THREATS

• Alternate forms of investments act as substitutes to brokerage firms and enterprise solutions.

Alignment of the standard ERP processes with the company's business

process has been considered as an important step in the ERP implementationprocess. The ERP solution primary value

proposition – simple to use, practicalto deploy and affordable to all

contributed to the success of the subject.

FUTURE SCOPE:

competition is cut through and as time passes the need for latest client/server ERP systems will continue to drive growth

The company looks forwards for the following scope in ERPEasier Customization ToolsApplication PlatformsNeed Based ApplicationsLess Expensive Technology in the broking Firm related ERP solutionsReduction In Implementation Time.More Open source, Web Enabled And Wireless Technologies.