Technology Modernization

TECHNOLOGY ADVISORY CLIENT SUCCESS

CHALLENGE

Leading manufacturer and fabricator of engineered products providing solutions for marine walls, flood-levee protection, water control, chemical containment, soil stabilization, groundwater cut-off, aluminum bridges, gangways, docks and industrial access applications. This private equity backed mid-sized manufacturer had recently added on a small extrusion company with a dissimilar ERP and was now forced to manually produce consolidated financial reporting. Both ERP systems were years out of date and facing obsolescence and the company was mid-way through the planned investment horizon.

SOLUTION

Devised a technology modernization strategy aimed at eliminating the current risk of tech-debt and converting it into tech-equity by upgrading and optimizing what the company already owned and layering in the immense power of a robust “Corporate Performance Management” (CPM) engine. This enabled consolidated financial planning, reporting and analysis.

RESULTS

Being in the mid-point of the investment horizon means there is little appetite for the typical years-long ERP “rip & replace” approach. Our technology modernization solution not only future proofs the business from tech-debt but it also allowed prime opportunity to eliminate manual processing and key-man risk while embracing powerful new operational capabilities that did not exist in the legacy ERP systems. With the addition of the CPM capability the company is now prepared to quickly take on new acquisitions while being freed from the costly and time-consuming chore of consolidating ERP systems.

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