Distribution

Electronics components and Precision Instrument Distributor implements Compiere™

Past Challenges

• Publicly-listed electronics component and precision instrument distributor, Gennex Solution, was struggling with non-streamlined processes across its regional offices and warehouses.
• Regional offices were executing transactions by emailing excel-based data to their Singapore headquarters where they were first stored in a normal file system before they were keyed into their legacy system.
• Lack of standardization also meant that different offices were carried their own versions of business documents.
• There were 5 different Purchase Order formats carrying exactly the same information!
• Elaborate approval processes were in place to maintain better credit control but with management travelling extensively in the region its implementation proved challenging.

Solution

Beyond streamlining their Sales, Purchase, Warehousing, Inventory and Accounting processes, Compiere added significant value in:

• Approval workflows: Compiere comes in-built with a powerful and flexible workflow engine that was configured to allow management to manage all their approvals online, either through a client-server interface or web. It meant that the management could travel freely without having to worry about pending approvals.
• Full Connectivity: Regional offices were all connected centrally to the headquarter in Singapore, giving users full inventory/sales/purchase visibility
• Financial Consolidation: With close to 10 subsidiary companies within the holding company, end of period financial consolidation was always a challenge requiring the effort of a few accountants. With Compiere's 'one-click' consolidation feature, accountants could now spend more time on analysis.