JK SONS PRECIOUS METAL LIMITED

The Bullion & Jewelry Industry is one of the thriving industries that has existed from time immemorial. However, with the changing time, manual work and procedures have become a lot more difficult and less effective. The process of design selection, designing techniques, and handling different materials and quality control is a tedious task. Manufacturing in the Bullion & Jewelry Industry is a very delicate process where mistakes in manual management of essential information have increased leading to a massive loss in business revenue.

So there is a need for an ERP system which can perform multifaceted functions, like planning, management, operations, monitoring and marketing effectively.

At a glance

JK Sons Precious Metal Limited collaborated with DataNote to synchronize their operation with complete ease.

Industry

Bullion Trading & Jewellery Manufacturing

Products

Gold Trading
Silver Trading
Customized Jewellery

Systems replaced

Local ERP

Modules Implemented

Sales Management
Procurement Management
Inventory Management
Finance Control
Banking Integration
Mobile Application Integration

The client

J K Sons is a well-known bullion trading company, dedicated to supplying bullion to jewellery manufacturers and investors all over India. J K Sons offers all types of products available in gold & silver bullion. Our major traded product is imported gold bars in the denomination of 100 Gms and 1 kg. The company supplies 30 kg imported silver bars and local silver bars in customized quantities as required, with a fineness of 99%. J K Sons never compromise the quality of its products.

J K Sons have been working with a mission to achieve tremendous volumes in the segment of merchandise bullion business while keeping its customer's satisfaction level at the best. Their vision is rising prices, involvement of technology and government policies will help the volumes and scale of profits in the jewellery segment, rising continuously without any boundaries.

The challenge

While working on Local ERP, J K Sons were struggling with the voucher numbering system and getting constant errors. Mistakes in voucher numbering are affecting their business transactions. In local ERP, users can make changes in backdate vouchers or older vouchers. Hence all voucher numbers are changing again and again. It is creating problems during purchases and invoice orders. So there is a need for an advanced ERP system that can help business owners manage their accounting and finances hassle-free. Apart from it, the client was facing issues with the complexity of TCS & TDS as J K Sons have thousands of clients and every client has a very different applicability of TCS and TDS.

Axis Bank Integration

2 Business Locations

1 Unified Solution

Replaces Local ERP

The result

DataNote ERP came on board with JK Sons and discussed the current problem. Our expert team figured out the problem and reached its root. And that's how OpenLogic ERP Software of DataNote comes into the picture. After the implementation of DataNote ERP, the voucher errors were reduced to zero. DataNote ERP helps in taking care of the day-to-day operations such as purchase orders, item receipts and invoices. DataNote ERP streamlines the purchase and process cycles. With DataNote, the client can easily customize the features and use them independently.

Dynamic approach of DataNote ERP software, fix the complexities of TDS and TCS. It interrogates the entire finance process and makes it the simpler one. DataNote ERP builds a collaborative tax experience with JK Sons that embraces technology and streamlines processes. After the ERP implementation, DataNote provides a post-sale service that helps the client build a better understanding and solve operational issues.

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