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Diligent Tech India Private Limited

Gurgaon, Haryana

| GST  06AADCD8529R1ZZ

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We enable our customers to solve their complex business challenges through innovative, value-adding, and proven deployments of SAP and complementary solutions.

Diligents founding members are from SAP Consulting SAPC and they have rendered services to worlds leading organization in a highly niche area such as Product Cost & Profitability Analysis, Oil & Gas Upstream Accounting and Public Sector Industry Specific solutions. We look to drive long term partnerships with our customers that are based on trust. This naturally means continuous delivery of quality work, team work and good effective communication.
Diligent delivers cost effective SAP solutions that are best suited to customers specific needs in the areas of SAP Implementations, Business Process Reengineering, Expert Consulting, Training, Solution reviews and Safeguarding services and Post Implementation Maintenance support.

Appreciating the fact the Business changes Business evolve Diligent consulting undertakes timely review of solution for its appropriateness against changing needs
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Nature of Business

Service Provider

Legal Status of Firm

Private Limited Company

GST Number

06AADCD8529R1ZZ

Management Accounting:
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Management Accounting:

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Diligent Consulting helps in designing a decision making tools, MIS reporting, dashboard which helps in providing a fact full insight into the business. This enables business in taking timely decision.

We deploy SAP CO Solution enabling business to do derive Cost of manufacturing, cost of service & trading activities, Inventory valuation in accordance with accounting standards, profitability reporting on various dimensions. Diligent has a team of committed professionals’ experts in following areas.
  • Overhead cost controlling
  • Activity based costing
  • Material ledger and Actual costing
  • Costing in Discreet and repetitive manufacturing
  • Costing in make to order environment
  • Project costing
  • Profitability reporting

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Country India Version
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Country India Version

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Are you planning to implement or rollout your global SAP design for your operations in India? Worried about finding a right SAP Consulting partner

Country India Version is the solution designed by SAP for use by businesses with operations in India. As well as the generic SAP System functions, it comprises functions designed for laws and business practices particular to India, and a country template to help customize the system according to local requirements. Most of the country-specific functions for India relate to Financialsand Logistics. The main areas are as follows:
  • Excise duty and the central value-added tax system (CENVAT)
  • Withholding tax (also known as tax deducted at source)
  • Sales tax
  • Maintenance and printing of statutory excise registers


How can Diligent Consulting help?

Whether you are embarking on your first SAP implementation or planning to roll out your global SAP design for your operations in India, we can help. Diligent Consulting CIN practice has dedicated resources with a proven track record of implementing CIN solution for significant volume of customers. Our expertise has given us competitive advantage to deploy CIN solution as a packaged service that comes with pre-defined deliverables resulting in significant cost savings for our customers.

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Financials for Contract Accounts
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Industries with a large customer database and a correspondingly high volume of documents to post are looking for an accounts receivable and payable component that can manage and process all business transactions within defined time restrictions.

SAP FI-CA is the response to market requirements for a sustainable, flexible and powerful accounts receivables and payables management for mass data processing industries and for high system integration. FI-CA represents an alternative sub-ledger for industries with

  • Large volume of docum ents to process
  • Large volume of business partners
  • Key functions include Returns processing, Dunning, Installment Plans, Deferrals, Write-offs and further submission to External Collection Agencies
  • Industry- or customer-specific business processes that need to be seamlessly integrated into the customers' system architecture. 

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Engineering Construction & Operations
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EC&O Industry faces few challenges these days. Due to stiff competition the margins have gone down and at the same time cost pressures have increased. Similarly customers expect quick and faster implementation of projects. Apart from this information regarding multiple projects planned and being executed is scattered in so much that collection and compilation of the information itself will become a major bottleneck in taking appropriate decisions. This leads delay in information transfer from one location to other location and within project offices. These delays also lead to improper cash flow planning ultimately affecting progress of the project.

 
Integrated project delivery (IPD) is a critical new initiativein the EC&O industry. The IPD method requires extensivecollaboration and real-time access to project-related plans,specifications, and documents. IPD supports rapid decisionmaking using the right personnel, which can reduce costs.With effective collaboration, projects can be completedsooner, enhancing the bottom line. Over the next fiveyears, companies that aren’t able to work in this modelwill quickly find themselves on the outside looking in.

 
SAP provides a comprehensive solution in Project Management meeting most of the requirements of EC&O industry and addresses the challenges. Since 

 there will be single version of truth available across the company about the projects, execution and decision making capabilities increase thereby projects can 

 be executed profitably. SAP has tightly integrated modules/ solutions such as Portfolio & Project Management, Supplier Relationship Management, Financial Accounting, Control Accounting, Plant Maintenance, Sales & Distribution, Equipment & Tools Management, Document Management, Production Planning, Quality Management, Environment Health & Safety, Human Capital Management, and Operational Risk Management.SAP Enterprise Project Connection is a fully integrated communicationsapplication.Functionality from SAP Enterprise Project Connection can help you reduce the time to value by providing an integrated,powerful scheduling tool. This is a cost effective approach that can help you meet owner and government compliance standards, where specific commercial project-scheduling applications are mandated for use.

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Joint Venture Accounting
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Joint Venture Accounting

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Companies typically form joint venture partnerships to minimize risks

 Involved in capital intensive operations that demand a long payback period. A joint venture partnership consists of an operating partner (operator) and one or more non-operating partners who combine monetary or personnel resources to share a project’s expenses and revenues. The operator manages the venture, arranges venture activities, and maintains accounting records. The operator remits venture expenses, collects revenues, and distributes these to the partners, according to their ownership shares. SAP JVA is a complete accounting system for joint ventures.

In the oil and gas industry, certain ventures are considered high risk, demanding extensive capital investment and a long payback period. To minimize risks, companies develop partnerships called joint ventures. A joint venture consists of an operating partner (operator) and one or more non-operating partners, who combine monetary or personnel resources to share a project’s expenses and revenues. 

The operator manages the venture, arranges venture activities, and maintains accounting records. The operator remits venture expenses, collects revenues, and distributes these to the partners, according to their ownership shares. SAP JVA is the only SAP solution that allows you to track venture expenditures on a venture by venture and partner by partner basis.

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Production Revenue Accounting
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Escalating drilling and completion costs, along with fluctuating natural gas and crude oil prices have put a premium on information management and cost control. The main objective for any upstream company is to identify the least expensive and most efficient way to produce hydrocarbons and account for revenue from that production. Companies can’t achieve this goal without effective, real-time information management.

SAP Production and Revenue Accounting overcomes these difficulties by integrating the entire business process chain – from crude oil and natural gas production to distributing revenue to the interest owners. Employees throughout the enterprise can work with the same data, which eliminates unnecessary data entry and mproves data consistency, 

and the system makes data available across the company so it is always available for decision-makers

  • PRA Provides tools for the production management and revenue accounting that matches industry solution.
  • PRA provides integrated solutions of the entire business process chain, from crude oil & gas production to distributing revenue to the interest owners
  • PRA Provides effective information management solution that enables companies to adhere to strict compliance regulations and timely reporting 
  • requirements
  • PRA permits employees throughout the company to work with same data, thus eliminating unnecessary data re-entry and improving data consistency.
  • PRA provides data that decision makers across the company can have access to.
  • PRA is flexible enough to support future growth.

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Production Sharing Accounting
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Oil supplies in accessible areas have been fully exploited, oil companies have been compelled to seek petroleum reserves in remote regions of the world to satisfy 

 the demand for energy. This effort has led the companies to form alliances with the governments of developing countries by negotiating contracts, known as 

 production sharing agreements, with them In many developing countries, the government manages the major natural resources. To facilitate development of these resources, the government may grant a concession to a major oil company which possesses the capital and technical expertise necessary to tap the country’s petroleum reserves.

The fiscal relationship between the government and the contracting company is specified in a production sharing agreement or contract. The agreement specifies the rights and obligations of the parties, and it provides the formulas to be used to compute the various amounts involved.

In return for the right to pursue a petroleum production project in a country, a contracting company typically agrees to pay the government a royalty on production. This royalty payment is computed on gross production volume or revenue before any costs are deducted.

In return, the contracting company is entitled to recover the costs it incurs on the venture. The amounts the company can recover during any accounting period 

 for various types of costs are stated as a percentage of either total production or production after deduction of the government’s royalty.

When the government’s royalty and the costs recovered by the contractor have been deducted from production volumes or revenue, the resulting net profit is then distributed to the parties on a percentage basis.

The SAP Production Sharing Accounting system (PSA) supports the reporting requirements for government royalty and contracting company cost recoveryof petroleum exploration and production projects that oil companies undertake in developing countries.

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Financial Accounting

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Not very long ago, the scope of a finance organization’s responsibility was limited to managing financial transactions and generating periodic financial statements. Today business is more complex, we live in a global economy, and financial professionals must meet the challenges of both.

Company's participation in the global economy is increasing. Financial professionals need to produce accurate, timely financial reports that satisfy accounting and regulatory standards that vary by industry and by country. As you well know - the Sarbanes-Oxley Act of 2002 has permanently raised the stakes. Financial professional are now responsible for enforcing standards for internal controls and governance to ensure transparency of company’s accounting practices.

The SAP Financial Accounting solution, which is part of SAP ERP Financials, delivers complete, integrated financial management software to ensure compliance and predictability of business performance. SAP Financial Accounting is an essential building block of your enterprise corporate governance realizing greater efficiencies across key processes and ensure compliant and accurate accounting and financial reporting.

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Diligent's SAP FI Practice is made up of a few of most experienced professionals in the SAP consulting space. Over the last 10 years, our resources have delivered quality SAP FI solutions to lot of medium to large customers in India and abroad

Our consulting portfolio on SAP Financial Accounting solution includes
 
  • New General Ledger Implementation & Migration
  • Accounts Payable & Accounts Receivable
  • Banking
  • Asset Accounting
  • Special Purpose Ledger
  • Funds Management
  • Taxes includes Country India Version (CIN)
  • Financials for Contract Accounts (FICA)
  • Cash Management
  • Treasury & Risk Management

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Financial Supply Chain Management (FSCM):    
With global business come global exposure, foreign currency operations, greater currency risks, need for better capital management & more focused and prompt risk management. All the above needs right tools and right mix of reporting for timely and proactive response. All the business entities, irrespective of size whether big or small are required to manage foreign currency risk ( depending upon market sales, borrowing etc) manage capital raising and investment functions in competitive and profitable manner, high visibility and ( tight sync / integration) of planning with cash flow projected and actual. Capital raising and deployment of funds are equally important function to manage surplus / deficit for both long term and short term perspective.

SAP FSCM is precisely meant to address these set of challenges. It has following components which are fully integrated with SAP ERP and BW reporting.
  • SAP Treasury and Risk Management
  • SAP Cash and Liquidity Management
  • SAP Credit Management

Why Diligent

 Diligent has immense breadth and depth in the domain with right mix of people who have been part of end to end implementation in various industries like Utilities, FMCG, Oil & Gas, Trading House, etc.

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Different industries face typical issues in the product development areas. First and foremost of them all is related to common information base. Due to non-availability of centralized information and the information is scattered in many locations and personnel there is no single version of truth available in the company and there are chances of leaking of information to competitors. Added problem after this is that managers cannot effectively plan activities with team members and this leads to high costs, longer time duration, under utilization or over utilization of resources.

SAP has solution for PLM to address these issues. Product Life-cycle Management solution is inclusive of comprehensive solutions on CAD integration, CAD Desktop, Material Bill of Material, Engineering Bill of Material, Product structure, document management, classification of various objects, Engineering Change Management, Project tracking, Project accounting, collaboration with external and internal stake holders etc. All these solutions are available on Netweaver platform as well along with Product Structure Synchronization.

Why Diligent:

 Diligent consulting has qualified and experienced professionals from the areas of engineering focusing on Product Life-cycle Management using SAP PLM. These professionals have in-depth business and technology consulting experience and proven track record in deploying the PLM solution for discrete and process industries. We can help / advice and deploy most suitable, scalable and affordable SAP PLM solution for your organization. 

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