Overview

FAS has been implemented in MRVC in the month of April 2023 and working successfully. The scope includes hosting of IT infrastructure in KRCL Data Center (DC) at Corporate Office, Belapur and Design and development of Financial Accounting System for MRVC and implementation with support for 5 years. Finance Account System  is a customized ERP solution developed by KRCL for providing the financial data, analytical information for decision making, as well as meet regulatory compliance. Various features developed and implemented cover - Unit wise /Profit Center Cost Center wise expenditure, State-wise GST Compliance, Functionalities like Imprest Management, Inter-unit Journal Voucher, Inter-Unit Bank Fund Transfer, GST and TDS Tax Calculation and its Compliance, Credit Note/Debit Note, Party-wise Control accounts for outstanding reports, Ledger, Advance statements and other MIS reports. MRVC could discontinue their old tally system and now are solely operating their Accounts' functions in FAS.