Summary:
Mumbai, Maharashtra, India – Business Wire India IBM (NYSE: IBM) today announced that Virescent Infrastructure, a renewable energy platform backed by leading global investment firm KKR, is collaborating with IBM Global Business Services (GBS) and SAP to deploy RISE with SAP, an SAP offering that brings together what businesses need to pursue digital transformation objectives and accelerate their move to the cloud.
Virescent Infrastructure chose RISE with SAP to completely redesign their processes for better business outcomes with SAP S/4HANA® Cloud, SAP® Business Network and core business applications.
Headquartered in Mumbai, Virescent Infrastructure was launched in October 2020 with an aim to acquire and manage operating assets and leverage investment opportunities in the fast-growing renewable energy sector.
The company currently manages 394.35 MW of solar assets located in Maharashtra, Gujarat, Rajasthan, Uttar Pradesh and Tamil Nadu.
With assets spread throughout India, Virescent Infrastructure was looking at ways to improve the manual processes that were being followed across functions for stock reports & inventory management, procurement and vendor management, pricing & tax calculation, and others.
The organization also required a centralized and consolidated view of the entire operations to make faster business decisions with more insights.