Benefits of ERP
The right technology applied correctly cuts transactional costs and drives out hidden expenses while freeing staff to focus on revenue generating activities. Implementing ERP and the related software can grow business bottom lines anywhere from 5% -12%. We have worked on over 350 projects in the last 15 years. We’ve seen what makes companies successful, we’ve also seen the common pitfalls. We help your team by providing the structure, framework and methodology that has been used time and again by the most successful project teams. Benefit from ERP today!
WHO: A pharmaceutical manufacturer with an annual revenue of $400 million was considering $5.2 million software bids to control manufacturing, supply chain, operations and accounting.
PROBLEM: The software bids they received were millions of dollars more expensive than the solutions we discovered.
SOLUTION: We found several potential software vendors to do the same job at much lower pricing and implemented the ERP within 6 months. This resulted in saving $2.8 million in the first year and more than $4 million over five years.
WHO: A $280 million global charter school worked with the leading software vendors and a top CPA Technology firm to purchase and deploy software.
PROBLEM: While focusing on accounting issues, Operations were ignored, leaving a dual entry purchasing system in place
SOLUTION: A three-week consulting implementation engagement on the project found immediate savings of $180,000 – savings realized three months after go-live. Our full Cost/Revenue Model also developed a project plan to identify $400,000 in annual cost savings.
WHO: A $22 million professional services firm delivering engineered to order AV systems.
PROBLEM: They faced a growing complexity of technological offerings and spent countless hours configuring client proposals needing several engineering consultants, sales and service experts.
SOLUTION: We streamlined the business process so what took 5 people two weeks to deliver became a two day deliverable and allowed the company to win more business and grow by nearly 52% the first year, while driving costs down with centralized purchasing.
Q: With the COVID-19 shutdown in place, what are other companies doing to come out stronger and more nimble as we reopen the economy?
A new marketplace is emerging and nimble companies are working to help their customers more than ever – Digital Companies have the capacity and ability to implement these changes rapidly and roll out system improvements incredibly fast. Learn how Costco, despite crushing crowds in an increased demand environment rolled out digital improvements and customer enhancements in inventory, marketing, POS, advertising – and instead of increasing ‘selling’ activities, actually enhanced customer experience.
If your response is ‘we’ve got to sell harder than ever before’ consider that a warning sign of epic proportions. If, on the other hand, you’re working harder than ever to help your customer base, deliver what they really need in a manner they can easily understand, and rethinking every transaction from the whiteboard up – you not only have a chance to survive the Covid Shutdown, but a chance to emerge stronger than ever.
Becoming Digital – not only adopting new technologies – but adopting and developing new capacities, growing the talent and staff to be able to bring your enhancements to market almost instantly. Advances in Marketing, Inventory, Customer Experience – if it didn’t happen Digitally, it didn’t happen.
As companies moved from onsite to remote workforces, system shortcomings were highlighted like never before. Older technologies became a barrier to online collaboration, teamwork and ‘good enough’ became a severe limitation at a critical juncture in company lifecycle.
Now, the old budget is meaningless as companies shift spending to focus on challenges they’ve never anticipated. In many cases, company survival itself is in play. The old world is gone. Protecting company assets with a budget written for a market that no longer exists protects neither the company nor it’s assets.
While the coming economic slowdown will no doubt be labelled ‘a recession’ it’s not caused by any of the recessionary pressures of the past, nor will it respond as past downturns. One thing is certain, the companies who increased R&D and technological development have come out of every past slowdown far better than those who ‘hoarded cash’.
It’s all on the table and time is not your ally.
Find out how cloud based, distributed systems, now available via remote implementation within 60 days are revolutionizing your competitors ability to Get Digital – and you may want to consider the same.
Reboot: Emerging Digital from the COVID Shutdown - The Series
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Case Studies
RESULT: Cut annual software maintenance by $800,000
WHO: A $25m biotech firm was paying too much for software upgrades and annual maintenance.
PROBLEM: 10 years ago, the only solution was a Tier One option that hadn’t grown or updated since 2006.
SOLUTION: Modern, cloud based component ERP created a higher functioning alternative saving the company $800,000 every year in maintenance and avoiding costly upgrades.
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RESULT: Cut time to bid by 400%, which increased win rate by 22%
WHO: A national corporate infrastructure Engineer to Order (ETO) company with $18 million in annual revenue.
PROBLEM: Producing bids with various engineering and sales reviews was agonizingly slow during the critical buying phase of their clients.
SOLUTION: ERP with customized engineering configuration functionality cut time to bid by 400%, dramatically increasing sales efficiencies resulting in a 22% higher win ratio.
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RESULT: Sped up implementation by 17% in a highly regulatory environment
WHO: An overseas biopharma firm with an annual revenue of $330 million completed clinical trials for the US market, but lacked the validated ERP controls required by the FDA
PROBLEM: Inexperience with process ERP used for pharma manufacturing, validation attempts kept uncovering flaws and creating re-work for the implementation team
SOLUTION: Fast tracking project plans used repeatedly in past pharma accounts along with careful project management cut implementation time by 17%.
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RESULT: 22% sales increase in the first quarter
WHO: A $7m sports apparel company had zero inventory visibility.
PROBLEM: Repeated calls to HQ, hot selling items frequently out of stock, lead time from overseas manufacturer – all resulted in a hit-or-miss season and sales uncertainty
SOLUTION: ERP demand planning identified ‘hot’ items early and accurately forecasted available-to-sell quantities increasing future sales orders and enhanced production planning, dramatically increasing profitability in a short period of time.