Elevance Renewable SciencesSuccess Story

Elevance Renewable SciencesSuccess Story

Elevance Renewable Sciences, Inc produces, high-performing specialty chemicals derived from plant oils using a Nobel Prize-winning metathesis catalyst technology. Elevance is the first and only company to have commercialized natural oil metathesis technology at scale.

CHALLENGES

  • Current legacy system was limited in its capabilities
  • Lack of visibility to the company financials
  • Accounts payable, accounts receivable and purchasing done via e-mail and spreadsheets
  • Rapid growth putting strain on existing business processes effecting finance and supply chain operations
  • No visibility to control business flows across the organization
  • Unable to effectively run MRP
  • Lack of trust in data leading to delayed decisions and extensive manual work
  • Heavy reliance on spreadsheets effecting end-to-end supply chain visibility.
  • Relatively small IT team and limited business resource time available to implement the system

SOLUTIONS

  • Implementation of SAP ECC utilizing an enterprise template aligned with Elevance’s finance and business practices and SAP best practices.
  • Functional implementation and education of Finance (FI), Controlling (CO), Sales & Distribution (SD), and Materials Management (MM) modules.
  • Conducted 48 realization sprints and 6 validation sprints implementing all modules within 5 months.
  • Provided go-live profitability analysis down to Business Unit (BU).
  • Increased visibility into financial and consolidated reporting within Europe, North America and Asia operations.
  • Underwent end-to-end supply chain change management and transformation.
  • Provided Hyper-Care monitoring system transactions, overall system performance, incident reporting, root cause analysis and resolution.

BENEFITS

  • Functional implementation of Finance & Controlling (GL, AP, AR, Cash Management, Cost Center Accounting, Profitability Analysis,
  • Banking, Assets & Consolidations), Materials Management (Purchasing, Inventory Management), Sales & Distribution (Sales, Shipping, & Credit Management).
  • Optimized processes and measures to improve master data effectiveness, lead times, supply chain planning (demand and supply), inventory performance, service levels and operational costs.
  • Increased finance and supply chain visibility
  • Reduced reliance of spreadsheets and manual processes
  • Educated and empowered users and management team
  • Immediate value from investment
  • Project was delivered one month ahead of schedule
View All Success Stories

© 2020 Reveal | 230 West Diehl Road, Naperville, IL 60563 | +1-630-571-1730
Privacy Policy | Terms & Conditions | Sitemap