Business Overview
The client is a global medical device company that acquired a smaller company to complement its existing product line. The new product line must function independently of any other product line. The client wanted to utilize their current ERP system in another of their business units to ‘fast track’ the newly acquired entity into the company environment and simultaneously reduce the cost of implementation.
Katalyst’s Solution
- Given the twin challenges of an accelerated timeframe and limited business availability, it became apparent that an industry-specific “best practices” implementation would be the best approach. To ensure success, Katalyst assembled a seasoned team with deep medical device experience led by a strong PMO.
- Katalyst leveraged a pre-configured industry solution based on SAP best practices to conduct requirement validation sessions with business leaders to confirm all requirements have been identified and are understood.
- Katalyst leveraged a pre-configured industry solution based on SAP best practices to conduct requirement validation sessions with business leaders to confirm all requirements have been identified and are understood.
- The Katalyst team ensured that master data requirements were correctly identified and transformed to fit the clients’ corporate guidelines.
- Katalyst delivered an SAP system meeting all the business requirements, integrations and enhancements covering the following process areas:
- Inventory Management
- Purchasing
- Finance
- Manufacturing
- Sales and Distribution
- Security
- To ensure the adoption of the new SAP system, Katalyst consultants conducted training sessions and created end-user training documentation. They provided one-on-one training during the testing as well as after the go-live phase for 6 weeks.
Business Challenges
- The acquired entity used multiple tools and systems to support its operations. The system had limitations in purchasing, traceability, sourcing, and quality assurance processes. Disparate data sources and numerous manual procedures prevented seamless execution of the business operations.
- The M&A (Merger & Acquisition) business case and budget necessitated the implementation be completed in a short time frame. Additionally, there were constraints in the availability of internal resources.
Benefits
- The acquired entity under consideration was up and running within 6 weeks with a fully integrated SAP system. The implementation was a critical aspect of ensuring that they met the M&A business case.
- The new system also provided improved tracking and traceability in manufacturing and inventory, allowing more efficient and seamless business processes.
- The redesigned processes ensured the elimination of multiple manual accounting processes and accelerated the month-end closing process from 10 days to 3 days.
