In the rapidly evolving landscape of the food industry, data-driven decision-making has become critical for global food product distributors to remain competitive and agile. Enterprise Performance Management (EPM) solutions have emerged as powerful tools that enable businesses to gain valuable insights, optimize performance, and drive growth. For global food product distributors, embracing EPM solutions is essential to navigate complex challenges and capitalize on new opportunities.
EPM Solutions: Unleashing the Power of Data-Driven Decision Making
a. Comprehensive Data Analysis: EPM solutions consolidate data from multiple sources, allowing food product distributors to analyze performance metrics, financials, and operational data in real-time.
b. Planning and Forecasting: EPM tools provide accurate forecasting capabilities, enabling businesses to anticipate demand, optimize inventory, and enhance supply chain efficiency.
c. Budgeting and Cost Management: EPM solutions streamline budgeting processes, empowering distributors to control costs, manage resources effectively, and align financial goals with business objectives.
d. Performance Monitoring: With EPM, real-time monitoring of key performance indicators (KPIs) becomes seamless, enabling proactive decision-making and prompt responses to market dynamics.
The Benefits of EPM Solutions for Global Food Product Distributors:
a. Enhanced Financial Visibility: EPM tools provide real-time insights into financial data, enabling distributors to make informed financial decisions and mitigate risks.
b. Efficient Supply Chain Management: EPM solutions optimize inventory levels, minimize stockouts, and improve demand forecasting, ensuring a smooth supply chain operation.
c. Improved Profitability: By leveraging EPM solutions, food product distributors can identify profit drivers, optimize pricing strategies, and enhance overall profitability.
d. Compliance and Risk Management: EPM ensures adherence to regulatory requirements, reducing compliance risks and enhancing the overall governance framework.
Techwave's Expertise in EPM Solutions for Global Food Product Distributors:
a. Techwave, a leading IT solutions provider, offers tailored EPM solutions designed to address the specific needs of global food product distributors.
b. Our experienced team of EPM consultants leverages cutting-edge technologies and best practices to deliver seamless integration and implementation of EPM solutions.
c. Techwave empowers distributors to unlock the full potential of their data, enabling data-driven decision-making and enhancing operational efficiency.
d. We provide ongoing support and maintenance to ensure that EPM solutions continue to deliver value and evolve alongside the dynamic needs of the food industry.
Conclusion:
For global food product distributors, embracing EPM solutions is a strategic imperative in today's data-driven business environment. These solutions empower distributors to harness the power of data,
1. EPM solutions for the Global
Food Product Distributor
About Client
Techwave
The client is a leading global distributor of food products to various industries
such as restaurants, healthcare facilities, educational institutions, and lodging
establishments. With a sales and service network of around 425,000 customers,
they are dedicated to supporting their success in the food service sector and
satisfying the appetites of consumers. Operating from 194 locations across the
U.S., Bahamas, Canada, UK, and Europe, they offer a wide variety of products. As
a Fortune 100 company, the company reported approximately $69 billion in
revenue and around $1.7 billion in net earnings in 2022.
Techwave.net
Ph:+1 281 829 4831 info@techwave.net
Executive Overview
Techwave first worked with the client in 2008 on a small Business Intelligence (BI)
and Enterprise Performance Management (EPM) project. However, our
relationship has since grown into a trusted and valuable partnership. Our
approach, which puts the customer first, combined with our extensive technical
and functional expertise, has allowed us to become Sysco's strategic IT partner.
We have worked with client to design and implement solutions for a variety of
EPM processes, including data integration, financial consolidation, planning,
forecasting, and reporting. Throughout this partnership, we have implemented,
upgraded, migrated, and provided support for numerous versions of various
software programs, such as SAP BPC, BW, BODS, Informatica, MuleSoft, SSIS, and
SSAS.
Techwave established in
2004, is a global end-to-end
IT services & solutions
company, which develops
long-term relationship with
clients by leveraging unique
delivery models and expert
frameworks.
CASE STUDY
2. Techwave.net
Ph:+1 281 829 4831 info@techwave.net
Techwave's Strategy & Solutions
Techwave's technical expertise and integrity in providing recommendations have made it an integral part of several strategic
initiatives for the client. With extensive experience, Techwave offers a range of solutions and support to enhance management
and financial applications at client’s place:
The client has intricate business operations spanning across various regions, customers, products, and departments,
generating a large volume of data that needs to be processed and reported. As a result, they sought a reliable partner who could
offer solutions to streamline their processes and integrate with their decision-making system. The following are the client's
needs and obstacles :-
Client's Challenges
Standardized data integration strategy
Robust driver-based planning and forecasting
system to increase
Driver-based planning and forecasting solution
Financial consolidation at a corporate group and
sub-group level
Annual ongoing support post implementation
Purchase accounting process
Intercompany eliminations & reconciliations
Consistent data entry & reporting
Operations reporting and MIS
Post-acquisition stabilization & support
1. Balanced Onsite (nearshore and offshore) resources; mix for
cost optimization and higher productivity.
2. Dedicated support team with a strong pool of both development
and maintenance capabilities across the globe, including its
development centre in India
3. Standardization of data integration tools – Informatica and SAP
BODS
4. Designed a robust source data integration strategy to ensure
seamless flow and timely processing
5. Built detailed driver-based planning templates to ensure
accurate and timely planning & forecasting
6. Latest integration tools & middleware to ensure data extraction
from multiple source systems to Cloud Data warehouse
7. Operational reporting – rebate management systems, client’s
Management Insights (Commercial, Finance, and Supply Chain)
8. Built management insights with detailed operational metrics for
driving results at the individual business unit, product, and
department level
9. KPIs designed for commercial and financial insights tying with
the reported financials to enable granular visibility and decision
support.
10. Implemented SAP BPC Consolidation to 10.1 Standard and
Embedded Versions across geographies.
11. Led a significant acquisition by integrating multiple entities on
SAP and Non- SAP in Europe on BPC
12. Planning and Forecasting solutions in SAP BPC embedded &
HANA technology
3. Techwave.net
Ph:+1 281 829 4831 info@techwave.net
Business Impact
Techwave has been instrumental in delivering value in multiple areas and contributed in improving the client's business processes.
The business value that Techwave could generate for them over the years can be listed as follows:
Close cycle reduction
from 12 days to 5 days
100% first time-right
on enhancements and
user stories
Successful transition
from legacy EPM
systems to the latest
SAP BPC versions
Automated reporting
and business
solutions within SAP
BPC/BW platforms
Integrated newly
acquired company's
data into existing
Sysco systems in
record time
Established
governance and
cadence into periodic
release cycles
Seamless BPC / BW
post-implementation
support
4. Techwave always considers the business needs and provides practical solutions from various perspectives such as process
fitment, business relevance, scalability, and cost optimization, which demonstrates their responsibility as a reliable IT partner.
Their long-standing relationship with the client for over a decade is proof of the strong partnership they have built.
Techwave is an SAP Gold Partner, certified in Cloud and Infrastructure Operations, Hosting Operations, and SAP HANA
Operations, making them one of the most trustworthy and steadfast SAP providers worldwide. In addition, they offer tailored
services, a deep understanding of SMEs, on-demand onsite support, and regular system health checks to ensure an excellent
SAP experience. With affordable solutions that provide a clear return on investment, Techwave can be an excellent partner in
your journey towards becoming an intelligent business.
Why choose Techwave?
Techwave.net
Ph:+1 281 829 4831 info@techwave.net
13501 Katy Fwy Suite 1000,
Houston, TX 77079, USA.
Ph: +12818294831
info@techwave.net