Vendor payment of Robi Axiata Ltd.
AuthorShahriar, Md. Ayub
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When consumers were tied to a fixed phone with its fixed phone number few years back, mobile and cellular phones have proliferated to meet the demand for communication anytime, anywhere in the world. Robi is one of the companies that has accelerated and sought out every nook and cranny of telecom products and services for both consumers and businesses. Companies that have not foreseen change--or kept up--are quickly consigned to the technological and financial graveyard, Robi being just the latest example. Financial muscle has been displaced by quality and depth of management and speed of execution as the final arbiter in the telecom marketplace by Robi. And I had the opportunity to work with the corporate finance team as an intern for three months. The report is the reflection of that three months learning and hard work. The report has been started with the basic overview of Robi, its departments and has moved to the main topic of vendor payment. Since the process involves vendors that is why a short chapter is included about vendors, its selection strategies etc. However, since vendor selection is the work of supply chain management that is why, each and every topic on vendors are discussed shortly. In the later part, vendor payment process is illustrated and explained. Although the whole process is supported by SAP in Robi but these software needs to be upgraded because of CFO‟s decision to incorporate few things which the system cannot provide. As a result, we the interns help Robi management in finding that information which is not done by the SAP. It‟s also worth mentioning that the intern work in these particular sector is very new and I was the first intern in Robi who have started these project related to vendor payment. The information that I have to find, analyze and sometimes match with SAP includes invoice receives date, lead time, due date of submission to treasury etc. Lastly, the report concludes with few of the recommendation that I thought can make the process more efficient and ends with references of some of the sources that have supported me in finishing these report.