iSlide Chooses B4 Consulting to Implement SAP Business One

Posted by Angela Cook Dec 29, 2017 1:43:18 PM

ISlide Chooses B4 Consulting to Implement SAP Business One®


Cloud-based, comprehensive business management solution will transform business operations for fastest-growing and innovative footwear manufacturer


Waltham, Mass. – June 20, 2017  B4 Consulting®, helping companies grow with innovative software, services and support, today announced that Massachusetts-based ISlide, one of the world’s fastest-growing and innovative footwear designers, has chosen B4 Consulting to transition its business operations to SAP Business One® Cloud. SAP Business One Cloud is an affordable, scalable and easy-to-use business management solution designed for growing companies. B4 Consulting, a full-service SAP Gold-level partner, resold SAP Business One Cloud on SAP S/4HANA® and will implement the solution at ISlide headquarters in Boston.

“ISlide is a great example of innovative entrepreneurship that thrives in Massachusetts,” said Klaus Schottenhamel, president and CEO of B4 Consulting. “They are pioneering a manufacturing process that enables customers to custom-design slide sandals online and receive the finished goods in about a week. Their business model is revolutionizing the footwear industry, and SAP Business One gives them the perfect foundation to scale and grow.”

ISlideAccess to Real-time Data for Real-time Footwear

Since its founding in 2013, ISlide has become the preeminent leader in slide sandals “with sales doubling annually,” noted Justin Kittredge, founder and CEO of ISlide. “But we were running a lot of disparate systems for financials, sales, inventory management and the like. To continue our growth rate, we wanted a scalable system that could integrate all the standard business functions plus incorporate those that are unique to our business, such as printing and website shopping. Plus, it had to be easy to use and deploy.”

ISlide vetted a number of solutions and implementation partners before deciding on SAP Business One Cloud and B4 Consulting. “We went through an exhaustive evaluation process,” said Steve Amrein, operations director at ISlide. “SAP Business One Cloud was the only solution that could fast-track our operations into the 21st century, adapt to our unique product needs, and give us access to real-time data, which is essential when producing custom-designed sandals with the industry’s fastest turnaround times.

“B4 Consulting was the only reseller who ‘got us’,” continued Amrein. “B4 has experience in helping early-stage companies successfully grow their business with the latest technologies, they’re experts in SAP Business One, they understand manufacturing processes, and they know how to translate those processes into simple functions with SAP software. Lastly, we wanted a local partner who would give us personal attention and support as needed.  The B4 team came to the table with a level of enthusiasm and commitment that matches the high energy at ISlide.”

The SAP Business One Cloud software-as-a-service model enables ISlide to accelerate the time-to-value of SAP® software across the organization.  On a single platform, the solution integrates key operational functions including accounting and finance, sales and customer management, purchasing and operations, inventory and distribution, material requirements planning, and reporting and administration. ISlide will also take advantage of SAP Business One add-on functionality for:

  • Job costing and project accounting
  • Shipping integration
  • Warehouse management
  • Credit card processing

Running on the cutting-edge in-memory computing of the SAP HANA® platform, SAP Business One Cloud will enable ISlide to quickly process large volumes of data and get immediate feedback on transactions and complex analyses. It is the only solution for mid-market companies with an in-memory database, which provides extensive analytics capabilities. “We’re on a growth trajectory, and we’re looking to SAP Business One to help propel that growth and our continued innovations,” noted Kittredge.

About B4 Consulting, Inc.

B4 Consulting integrates business processes and technologies globally for customers who want to transform their businesses with innovative on premise and cloud-based solutions. Our team of solution architects integrates these solutions with leading systems, such as SAP solutions, to enable business performance excellence and improved profitability. www.b4-consulting.com. Follow Us on Twitter: http://www.twitter.com/b4consulting

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B4 Consulting is a registered trademark of B4 Consulting, Inc.

SAP, SAP Business One, SAP S/4HANA, SAP HANA and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices.

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Topics: SAP, Mobility, Engineering and Construction, Cloud Computing, AEC, SAP Business One, Enterprise Content Management, iSlide, SAP Hana, S/4Hana

IFRS 16 Real Property Leasing with SAP Real Estate Management

Posted by John Chapman Dec 29, 2017 1:16:29 PM

B4_Blog_IFRS16.jpg

 

IFRS 16 Real Property Leasing with SAP Real Est... | SCN

Summary

The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) recently announced the release of new accounting standards that define how organizations must account for leases.  Essentially, these accounting standards stipulate most leases must be reported on each company’s balance sheet, increasing the risk of regulatory noncompliance and inaccurate statutory reporting.

 

SAP Real Estate Management is used to optimize the portfolio of global assets and supports the regulatory compliance of these new accounting rules.  This solution provides a single point of entry for collection, validation of lease contract data, performs valuation calculations and generates the financial postings derived from these calculations.

 

The Compelling Event

  • New standard on leasing released by FASB and IASB
  • Need to capitalize many corporate operating leases and record these lease obligations on the balance sheet as assets and liabilities
  • Boosts the amount of debt on balance sheets by tens of billions of dollars
  • Beside affected accounting, new standards will transform corporate business processes in many areas, including finance, procurement, tax, treasury, legal, operations, corporate real estate and HR

 

Which Customers are affected?

  • Every IFRS/ US-GAAP reporting company renting real estate or leasing equipment will be impacted by the new standards
  • Large companies with big property portfolio are affected most and need to react quickly to prepare

 

The Solution

The new leasing standards represent more than accounting changes.  They force business process change and with any business or process change, there’s going to be some level of impact on systems and technology.

 

SAP Real Estate Management enables close collaboration between the lease administrator, lease accountant and fixed asset accountant.  They access the same lease record, with all calculations being based on the terms and conditions of the abstracted lease.  The lease transaction in SAP Real Estate Management provides separate authorizations to ensure a clear separation of duties.  The following illustration highlights the coordination between the different departments provided within the solution.

Blog_SAP_LeasingIntegration.png IFRS 16 Real Property Leasing with SAP Real Est... | SCN

In addition to capturing contract terms and conditions, SAP Real Estate Management is specifically designed to support real estate leasing processes such as managing critical dates, exercising renewal options, early terminations, rent escalations and sales based rent.  The highly flexible and extendable forms collect industry- or business-specific- attributes and enables users to stay ahead of the game.  Periodic posting runs automatically generate all lease payments based on the terms of the current lease agreement with real time integration into SAP Financials.

 

The solution also provides lease accountants the ability to evaluate the financial impact of each lease and ultimately generates all valuation postings required by the new leasing standards.  It even manages the postings for multiple lease accounting standards simultaneously, regardless if the general ledger account or parallel ledger methodology is utilized. This solution is part of SAP Finance and is completely integrated, helping avoid the kind of costly disruptions that can derail critical business processes, operations and costly noncompliance events.

 

Why SAP Real Estate Management?

SAP Real Estate Management is specifically built to integrate with SAP Financials.  No other real estate software provider can take abstracted lease data, generate payments to landlords and perform all valuation calculations and postings back into SAP without cumbersome interfaces.  SAP’s real estate solution performs all these activities in real time and without complicated interfaces.

 

If a company uses spreadsheets or an alternative solution, information silos will naturally exist between lease administrators and accountants.  Data becomes inconsistent over time, resulting in inaccurate valuations and misstated financials.  SAP Real Estate Management breaks down silos between these groups, ensuring transparent, consistent and accurate results.

 

SAP Real Estate Management will help improve your decision making through greater visibility into portfolio wide lease data. All in all, the solution provides you with improved understanding all the associated legal, financial, and business implications of your leasing strategy in a way not available with other solutions.

 

What to Do Now?

Even though the new leasing standards are not effective until December 2018 for US GAAP and January 2019 for IFRS, companies can choose to be early adopters and begin reporting January 2017.  Whether you choose to be an early adopter or comply by the deadlines, there are certain things you can do today to prepare.

 

  • Current SAP Real Estate Management users should implement the new leasing enhancements as soon as they are release to begin evaluating the impacts to your financial statements.  Even if you do not intend to be an early adopter, the loading of the leases and analyzing the results will pay big dividends in the future.
  • If you use SAP Financials, you can quickly implement SAP Real Estate Management for real property leasing to give you a fully integrated leasing solution.  SAP currently has and will roll out new accelerators designed to help customers quickly implement SAP’s leasing solution.

 

Once SAP Real Estate Management has been implemented, begin abstracting existing lease agreements and ensure the abstracted lease terms and conditions are correct.  For most organizations, this will be the most time consuming portion of the lease compliance project.  All calculations are dependent on accurate lease information.  Any inaccuracy in probable end dates and payment amounts for example, will have an impact on the posted valuations.

 

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Topics: SAP, Mobility, Engineering and Construction, AEC, Enterprise Content Management

Why Zachry Construction Made SAP its Platform for Growth

Posted by John Chapman Nov 10, 2015 12:08:41 PM

Zachry Construction

 

As the principal for the Engineering, Construction & Operations (EC&O) practice at B4 Consulting, I have the opportunity to lead numerous business transformations for a variety of construction companies -- both small and large -- throughout North America. When we partner with these industry leaders, I have the distinct pleasure of working with forward-thinking executives who understand the strategic value of SAP solutions for the construction industry.

Zachry Construction Corporation, headquartered in San Antonio, Texas, is one prime example of a forward-thinking construction company. They made a strategic business decision to replace their legacy systems with an integrated ERP system. And, this bold decision set in motion a business journey in which, over a 2-year period, they evaluated close to 18 ERP solutions – including those from CMiC, Microsoft and Viewpoint. After a thorough needs analysis, they selected SAP because they perceived SAP solutions to be the most widely-used business technology platform that would meet their business requirements -- out-of-the-box -- while providing the industry's most integrated construction-centric solutions. B4 Consulting was chosen as their implementation partner due to our industry experience, solution know-how, and as one executive said, “B4 Consulting speaks our language.”

In just 12 months, we implemented an integrated solution set that included SAP ERP, CRM, EAM, HCM, BusinessObjects, ETM, SAP Mobile Platform, and an Enterprise Content Management (ECM) solution. These capabilities, in turn, enable Zachry to implement progressive project management to a broad array of vertical and heavy civil work in both public and private sectors.

With their SAP platform, Zachry’s business processes, workflows, field data entry, and IT are now centralized on a single system that generates new levels of efficiency and serves as a strategic platform for company growth. These operational improvements are rooted in an implementation project that:

  • Seamlessly managed Zachry’s process of going from an Estimating Cost Breakdown Structure to a Work Breakdown Structure during Project Execution with the appropriate level of detail
  • Imported actual cost back into the Estimating system for comparison purposes (benchmarking)
  • Fully integrated many back office processes in Finance, HR, Procurement and Job Costing
  • Created real-time field visibility into Simple Earned Value Management via mobile devices
  • Implemented a construction industry enterprise content management solution that integrates with SAP to manage project documents, field delivery tickets, and invoicing via OCR scanning

Today, Zachry has a user-friendly platform that supports 21st century technology to provide real-time information that is enabling upwards to:

  • 50% increase in the accuracy of cost collecting
  • 50% increase in the speed of cost information
  • 25% faster month-end reconciliation

Awesome numbers, right? There’s more to the Zachry project that can be read in the SAP Business Transformation Study  -- just click button below. But, if you want to learn how B4 Consulting can uniquely transform your business for improved efficiency and profitability – let's talk.  Email me at jmoore@b4-consulting.com.

 Juan_Moore_B4_Consulting

Juan Moore

EC&O Industry Principal

B4 Consulting

Read the Zachry Story

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Topics: SAP, Mobility, Engineering and Construction, AEC, Enterprise Content Management

Lower Staff-to-Craft Ratio with Enterprise Content Management

Posted by Phillip Schell Aug 28, 2014 12:55:50 PM
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As the construction industry emerges from the dark days of the recession into the light of new project work across the country, it is confronted with two thorny issues that can impede growth:  an unusually high staff-to-craft ratio due to under-investment in technology; and retention of skilled workers.  A common theme runs through these seemingly disparate issues – and that is one of document management.  Consider this: The construction industry hires skilled, college-educated construction professionals with degrees in engineering or construction management and tasks them to manage mind-numbing, time-intensive paperwork.

Imagine investing in a college education in which you have acquired a skill set in Visual Design, BIM, or leading-edge scheduling system and having to sit in front of a desk full of material receipts to input into a materials book. Adding insult to injury, at month’s end you have to run around to gather all those receipts and compare them to the paid invoice amounts to accrue for unpaid commitments in a green-screen accounting system. Is it any wonder why the construction industry is challenged to attract and retain skilled workers who are versed in modern technologies that provide a competitive edge?

But this issue of document management extends beyond the back-office and thwarts efficiency on the job site as well – particularly on self-perform civil construction job sites. For example, a continual flow of incoming trucks have materials that must be weighed, received, or laid down into yards. Every receipt of materials affects job cost, which requires the involvement of project engineers. Approval and reconciliation of these receipts is typically handled in an old-school, manual manner that can take anywhere from hours to days, is highly error-prone and does provide real-time visibility or data.

 

Enterprise Content Management with ELOB4_ECM_No_Paper

B4 Consulting is addressing these construction-centric document management issues with a solution that easily integrates into any IT landscape and at a fraction of the price of some Redmond-based document management systems. Through our partnership with ELO Digital Office, a world leader in Enterprise Content Management (ECM), we bring easy-to-use and affordable ECM solutions to SAP and non-SAP users.

Construction companies such as SNC Construction and Bilfinger have gone digital with ELO. Companies such as these integrate email, estimates, drawings, delivery tickets, purchase orders, and invoices – all on one seamlessly integrated platform.  In one system with rights-assigned access -- employees can from any type of device streamline and standardize processes such as:

  • Project Site Setup: Create an archiving structure for all project-related digital content
  • Delivery Ticket/Goods Receipt Process: Delivery receipt at project site; receipt confirmation; automated G/R posting
  • Accounts Payable: Capture supplier invoice, validate data, remote project-site workflow approval,  release/posting into AR, process invoice with and without PO#

With our ECM solution, the job site scenario described earlier is quickly transformed into a few-click process done in seconds vs. hours or days in which:

  • goods receipts are automatically assigned to a clerk who scans them into OCR-based technology
  • OCR technology is integrated with the ERP solution
  • ERP solution allows the user to check the accuracy of the scan
  • workflow is triggered alerting the appropriate Project Engineer to check for any exceptions before approving the goods receipt
  • system automatically captures delivery tickets and matches them to appropriate invoices to create an Accounts Payable event, accompanied by an approval processes

This functionality can be applied to several construction scenarios from goods receipt to change order management processing. The B4 Consulting ECM solution for intelligent document processing can be applied to any number of business processes in the construction industry, which integrate ERP systems and enable workflows for downstream processing.

Moreover, our solutions use technology for increased efficiencies that optimize resources while ensuring and simplifying compliance with both internal and external requirements. Your skilled construction personnel can now focus on field activities and managing projects instead of paper. Staff-to-craft ratios can be optimized for improved profitability, increased productivity, and higher worker retention rates.

Regardless of your IT landscape, B4 Consulting can help you implement an ECM solution that capitalizes on the latest scanning technologies to increase your productivity and improve profitability. Let’s talk about how we can put ECM to work for you – email me at pschell@b4-consulting.com.

 

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Topics: SAP, B4 Consulting, construction, ELO Digital Office, Enterprise Content Management