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- Created on Friday, 21 December 2012 10:16
- Published on Friday, 21 December 2012 10:16
SYSPRO Rated as Supporting or Partially Supporting Forty-Four Key Performance Indicators
COSTA MESA, Calif. - SYSPRO, a developer of best-of-breed, award-winning enterprise resource planning (ERP) software for on-premise and cloud-based utilization, today announced that SYSPRO has been rated as "supporting or partially supporting" all forty-four key performance indicators in the new TEC Buyer’s Guide, "Financial Software Packages for Medium and Large Enterprises."
The report, which evaluates the Accounting Packages offered by 17 different software vendors, including SYSPRO, notes the important role a financial accounting package plays in helping a company’s internal processes conform to various types of standards and rule: The need to accommodate alternative accounting models and non-standard accounting and financial management principles; Perform accounting transactions and generating a mandated set of financial reports; Deal with increasingly complex business processes; and The need to "face up to the reality of having to know accounting software as well as they know and understand the principles of accounting."
The report includes case studies from several vendors. Annabelle Candy, the SYSPRO case study, details how the candy company has enhanced operational efficiencies and achieved rapid regional growth utilizing SYSPRO ERP software. Annabelle Candy Company produces such renowned brand bars as Rocky Road, Abba Zaba and Big Hunk. In order to facilitate growth and comply with FDA rules, sixteen years ago the company realized the need to computerize, abandoning the manual tracking of inventories and accounting operations. After an extensive search, the company selected SYSPRO Enterprise Resource Planning software, due, in part to SYSPRO’s outstanding reputation with food manufacturers and distributors.
Today, with SYSPRO Cash Book, Annabelle can optimize cash management with system-wide bank reconciliation information on cash inflows and outflows. By providing complete enterprise-wide financial recording, analysis and reporting from all aspects of the business, SYSPRO General Ledger gives Annabelle a real-time view of corporate performance.
Annabelle controls inventories and optimizes stock levels via SYSPRO Purchase Orders module, which also lets the company monitor quality, lead times and costs of purchases in addition to providing comprehensive supplier performance analysis. With sales activity data from the SYSPRO Sales Analysis module, Annabelle gains a total picture of sales performance as well as sales profitability and sales forecasting.
SYSPRO Sales Orders enables Annabelle to enhance customer service through fast, efficient order processing and accurate, timely order fulfillment, while maximizing sales through instant access to information about stock availability, prices and possible substitutions. SYSPRO Bill of Materials also facilitates an accurate expected cost against which to track actual production costs. The complete bill forms the basis for material and capacity planning, shop floor control and costing.
Finally, SYSPRO Electronic Data Interchange enables Annabelle to speed the turnaround of orders, while SYSPRO B2B Trading enables Annabelle to gather and consolidate data from the various Annabelle warehouses. President and CEO Susan Karl and Vice President of Finance Shelly Craft have attributed much of the company’s rapid growth to their SYSPRO ERP implementation. In fact, the company’s rapid growth in the Western United States is now encouraging the company to expand marketing efforts nationally.
Karl and Craft are proud of their choice of SYSPRO software and can relate the operational improvements the company has realized since the software’s implementation. According to Craft, "The results [using SYSPRO software] have far exceeded our expectations." Karl also states that the efficiencies and insights resulting from the utilization of SYSPRO software are enabling the company to expand marketing efforts from a West Coast concentration to the entire USA.
For a video on Annabelle Candy’s success utilizing SYSPRO ERP go to:
About Technology Evaluation Centers
Technology Evaluation Centers (TEC) helps private- and public-sector organizations choose the best enterprise software solutions for their unique business needs – quickly, impartially and cost-effectively. For a copy of "Financial Software Packages for Medium and Large Enterprises," go to: http://www2.technologyevaluation.com/ppc/request/whitepapers/download_white_paper.asp?docid=34208
SYSPRO has earned the trust of more than 14,500 companies globally for its suite of visionary software that enhances the competitive thrust of small/mid-sized manufacturers
and distributors. The company’s adherence to developing technology based on the needs of customers is among the reasons why SYSPRO enjoys one of the highest customer retention rates in the industry.For additional information on SYSPRO, call Stanley Goodrich at 714/437-1000 or go to: