024_F&A_MN_PL_BUD_01042020 (Org Structure Change) - Very Important

024_F&A_MN_PL_BUD_01042020 (Org Structure Change) - Very Important

Useful: For All MunaNoor Group

 

Dear All,

 

In line with our budgeting and ensure better monitoring, controlling and transparency across the departments and for the overall MN Group we have made certain changes in the Organization Structure (OS) of the company.

This has resulted in closure or merger of multiple Cost centers (CC) and Profit Centers (PC).

 

This was important to:

  • To simplify the OS which was having too many CC/PC (77 Nos). These are now reduced to 50+
  • Harmonization of OS across both the companies to have better and same understanding across the group
  • Enabling better focus for HOD’s with regard to monitoring. For Eg 10 CC of SCM are now merged into 1 for MNMT and 4 CC of MNPI into 1

 

 

Please note following with respect to these changes:

  • Highlighted in Red – Are either closed or are not to be used even if these are open
  • Highlighted in Amber – Are closed and merged with other CC or PC. The New CC or PC is given in Col D & E
  • Highlighted in Green – Still Open but not to be used for cost booking
  • All the old CC/PC are not to be used with immediate effect

 

Some Important Facts:

  • All CC/PC starting with 1 are related to MNMT and starting with 2 are related to MNPI in line with their respective company codes i.e. 1000 and 2000.
  • Ideally a CC is a place where only the cost are accumulated and profit center where both revenue and cost can be allocated.

 

We have made necessary changes for most of these CC/PC but there are some which are in the process. However, due to legacy data system is not allowing us to do so.

Please take note of above points to avoid usage of such CC/PC.

 

Please circulate to all the concerned.

In case of any queries please discuss with me or Gaurav Somani.

 

Thanks & Regards,

Piyush

 


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