Founded in 1999, Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) is a wholly-owned Indian subsidiary of Honda Motor Company Limited, Japan. The company employs the best-in-class technology to design and offer an expansive portfolio of high-quality, affordable two-wheelers. With innovation and customer centricity at its core, the company has been rapidly expanding its horizons to become the second largest two-wheeler company in India today. Besides spreading the joy of mobility to larger masses, the company’s key focus is on achieving sustainability and embracing digitization. Over the years, HMSI has won over 200 prestigious recognitions for its benchmark products, technology and manufacturing excellence.
At HMSI, myriad contracts with third parties, customers and inter-departmental contracts are required to be signed and processed on a day-to-day basis. Moreover, numerous contracts with dealers and vendors involving free service coupons (FSC) and warranty cards are regularly initiated, wherein dealers also generate bills against the same.
Prior to integrating with the MSB platform, all these contact procedures and other documentation requirements were being handled manually at HMSI.
This meant a repetition of the cumbersome print-sign-scan-fax process for heaps of documents, which are further required to be compiled and stored. All this took a toll on the company’s operational efficiency, impacting the process in the following ways:
The lengthy process of obtaining signatures, which included printing and scanning of documents, as well as coordination between different stakeholders at each stage of the document lifecycle delayed the final outcome of all processes.
Fulfilling the tedious paperwork requirements consumed too many valuable working hours of the staff at HMSI, who was getting exhausted with the increased workload and the repetitive performance of dull, routine jobs. As a result, the overall productivity of the organization had started to plummet.
The company incurred extraordinary expenditure on printing documents, shipping/ delivery, fax, stationery, filing and maintenance, along with warehouse charges. The cost of paper itself was an expense that could not be ignored. Moreover, the expense of tracking or retrieving misplaced/ lost documents amounted to be quite high. The company wanted to control this unnecessary expenditure, as it was severely draining down its profits.
The lengthy administrative paperwork procedures caused great inconvenience to clients, as they were required to manually exchange lot of documents and provide signatures. As a result, the number of dissatisfied clients was increasing, which became a serious cause of concern for the company.
HMSI is extremely considerate about the environment, and therefore wanted to limit the paper usage with aim to save trees, conserve energy and control pollution.
Automating workflows and getting rid of the paper-based process was the need of the hour for HMSI. The company was actively looking for an advanced, customizable enterprise-grade solution to address the above challenges and drive efficiency and sustainability.
MSB Docs conducted an in-depth review of the automaker’s existing processes and challenges. It then designed and implemented an exclusive suite of solutions which was aimed at accelerating their signature process and transforming their workflow management. Below listed are the key offerings:
With MSB Docs on board, HMSI has happily bid adieu to all time-taking, cumbersome document management processes. The company’s signing and approval process has also been infused with a lot of efficiency, enabling it to operate in a smarter manner. Over a short span of time, HMSI has been successful in enhancing its operational efficiency, reducing its turnaround time, decreasing costs, and elevating the overall customer experience.
The integration with MSB Docs smart document solution resulted in the following improved outcomes for HMSI:
80% reduction in time to acquire and sign documents by customers
75% rise in productivity and efficiency
60% reduction in printing, scanning and storage expenditures
80% reduction in usage of paper
Procurement | Finance | IT | Human Resources | Sales |
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SOWs/ MSA
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Invoices & Expenses Processing
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Budget Approvals
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Candidate NDAs
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Document Collection
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Supplier/ Vendor Contracts
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Audit Sign off
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Asset Tracking
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Contractor Agreements
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Document validation
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Vendor Onboarding
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Leadership Approvals
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Access Management
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Training & Certifications
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Contract Signing
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Incident Reporting
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Exit Documentation
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Renewal Requests
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Learn how MSB Docs enterprise eSignature solution helped HMSI streamline its Top-Line and Bottom-line