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Bidvest SACD's Digital Transformation: Automating 70% of Business Processes
Technology Category
- Functional Applications - Inventory Management Systems
Applicable Industries
- Paper & Pulp
- Transportation
Applicable Functions
- Product Research & Development
- Warehouse & Inventory Management
Use Cases
- Inventory Management
- Picking, Sorting & Positioning
The Challenge
Bidvest SACD, a leader in supply chain management, was grappling with paper-based processes that made it challenging to track inventory and resolve process-related issues. The company's capital was largely tied up in inventory that wasn't accurately monitored, and managing expenditures was difficult due to non-standardized processes. Financial analysis was a time-consuming process, with information scattered between systems or stored on paper. The company was also hindered by operational inefficiencies due to their reliance on paper-based processes, limiting the information needed for effective decision-making and making timely decisions difficult. Additionally, without K2 Five, development cycles were long, making it challenging to support the needs of the business.
About The Customer
Bidvest SACD is a leading provider in supply chain logistics based in South Africa. The company specializes in the import and export business, where keeping track of inventory is critical. Identifying and resolving logistics issues ensures that shipments arrive on time. However, the company was struggling with paper-based processes that made it difficult to keep track of inventory and resolve issues when they arose. The company had a vision of complete business transformation, aiming to decrease the use of paper, connect systems, and create more efficient business processes.
The Solution
Bidvest SACD implemented Nintex K2 Five to digitize and automate processes across its business, reducing paper use, saving time, and integrating systems. The software improved visibility into expenditures, materials, and assets throughout the company, enabling better financial management. It also helped monitor store inventory more accurately, reducing unnecessary stock holdings and ordering replacement materials only when needed. The software also ensured all expenditures were authorized and standardized processes across the company. K2 Five also created considerable time savings by making information more accessible on demand. It provided accurate, up-to-date information and eliminated manual processes, enabling employees to produce month-end accounts on the first working day of the new month. Managers at Bidvest SACD now rely on K2 Five to help them make better-informed decisions. The software also played a pivotal role in achieving a paperless, efficient business and enabled the company to develop new workflows or systems in an agile way to meet the needs of the business.
Operational Impact
Quantitative Benefit
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