International Leaf & Tobacco Enjoys the Competitive Edge After epic ERP's Implementation
ILT is a Zimbabwean tobacco company that buys packed crude tobacco and processes it into packed leaves or stems (as a by-product), for sale on the international market.
Lack of visibility in tobacco life cycle hampered costing
Matteo Scudeletti, ILT’s strategic financial adviser, says costing in the tobacco industry is a complex process made significantly more difficult and inaccurate without an ERP solution.
“It is necessary to track direct, burden and excise costs through the life cycle of tobacco – from when stock is received from farms to the point of processing and/or sale. ILT had been using manual processes and a small accounting package, which meant tobacco industry-specific information and terms were difficult to overlay because they did not easily fit standard system terminology.”
Scudeletti was given the responsibility of assisting the business to select an ERP system and implementation partner. “ILT needed reliable data that could be used to manage the business more effectively, but which could also be tailored to match the unique requirements of the industry. Month-end periods were challenging, and it took a long time to close and reconcile accounts,” he says.
Challenges ILT was Facing:
- Operations very manual
- No real-time data available
- Costing and pricing affected profitability
Benefits Enjoyed after Implementation:
“The most important benefit of the implementation is the accuracy of data. Today, we are able to sell into new markets because our pricing is more competitive than we thought it was before we partnered with epic ERP. We can now make decisions on the fly and our forward planning is significantly improved. Combined with an ability to run the business with a very lean staff complement, this has raised ILT’s profitability and competitiveness,” says Scudeletti.
Fully digital process/system driven
Clearly defined business processes
Improved operational efficiencies
Enabled growth opportunities
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