From Manual Work to Millions in New Cash Flow

From Manual Work to Millions in New Cash Flow

From Manual Work to Millions in New Cash Flow

Since its founding in 2000, Elemica has grown into a leading vendor of cloud-based supply chain solutions that help process manufacturers such as BASF, BP, Dow Chemical Company, DuPont, and Michelin processing over $500 billion in commerce annually on the Elemica digital supply network. Elemica delivers speed, precision and insights to its customers, yet those characteristics were missing in the software vendor’s own accounting and financial management practices. As a growing company, Elemica relied on a legacy Microsoft Dynamics NAV system with heavy Excel use for key financial processes. When Elemica upgraded to Sage Intacct’s cloud-based financial management platform however, the move, prompted by growing business complexity and Elemica’s 2016 acquisition by Thoma Bravo, a private equity firm, millions of dollars in new operational cash flow was unleashed and its EBITDA was dramatically improved for the better. Moreover, the Pennsylvania, US-based firm is much better positioned now to drive further growth with real-time business insights that support strategic direction.

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