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Sage Enterprise Intelligence boosts cash flow for Satellite Industries

Technology Category
  • Analytics & Modeling - Real Time Analytics
  • Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Functions
  • Discrete Manufacturing
  • Procurement
Use Cases
  • Inventory Management
  • Predictive Quality Analytics
Services
  • Data Science Services
  • System Integration
The Challenge
Satellite Industries, a global supplier of portable sanitation equipment, was struggling with financial reporting across its multiple locations, divisions, departments, and currencies. The process was time-consuming and laborious, often taking more than 15 days for month-end closing. Additionally, the company was seeking to reduce the days sales outstanding of its receivables. The large chart of accounts and the need for real-time, actionable data for decision-making added to the complexity of the situation.
About The Customer
Satellite Industries, Inc. is the world’s largest supplier of portable sanitation equipment. The company operates from offices throughout North America and Europe, dealing with multiple locations, divisions, departments, and currencies. This complexity, combined with a large chart of accounts, made financial reporting a long and arduous process for the company. The need for real-time, actionable data for decision-making was a significant requirement for the company.
The Solution
Satellite Industries implemented Sage Enterprise Intelligence, a powerful business intelligence tool integrated with Sage ERP X3. This solution allowed the company to draw real-time, actionable data from its ERP solution, significantly improving its financial reporting process. The software automatically generates and distributes past due reports each day to sales and customer services reps, enabling the company to stay on top of overdue invoices. The implementation of Sage Enterprise Intelligence has resulted in a more efficient and effective financial reporting process.
Operational Impact
  • Satellite Industries shortened its month-end closing cycle from nine days to just five days, allowing for more days every month with current data for decision-making.
  • The company was able to stay on top of overdue invoices, improving cash flow.
  • Access to real-time, actionable data facilitated faster and more strategic decision-making.
Quantitative Benefit
  • Month-end closing procedures cut by four days.
  • Days sales outstanding slashed by 18 days.

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