August 14, 2012 —The Indian Navy has turned to SAP Solutions manage the navy-wide Financial Information System (FIS) to better manage budget, enhance transparency to top management and ensure data integrity and consistency for better decision making. FIS supported by SAP ERP Central Component, SAP Force Deployment for Defence & Security package and SAP BusinessObjects Access Control application will provide across-board visibility and probity in the areas of budgeting, procurement, financial planning and accounting to the organization.
The FIS system will link four naval headquarters with material procurements, establishments for ships, naval stores and armament’s depots across different locations in the country. The project has enabled the Indian Navy with a comprehensive view into allocation and reallocation of funds, receipts and recoveries, expenditure and estimates that have to be processed and sent to and from the central database.
Says Mathew Thomas, SAP India’s Vice President - Strategic Industries: "We are pleased to be part of Indian Navy’s vision to be the technology enabled and networked force capable of safeguarding maritime interests of the country. The FIS system powered by SAP, provides the organization a unified central system to