SAP Business One Fuels Oil and Gas Services Company, Vetco International Inc
Released on = September 27, 2006, 10:23 am
Press Release Author = Eleanor Mullaney
Industry = Computers
Press Release Summary = Clearwater, FL -- September 27th, 2006 -- Cornerstone Consulting Inc. is pleased to announce that SAP selected our client, Vetco International Inc., to be featured as an outstanding SAP Business One success story.
Press Release Body = To better provide its broad range of supplies to the oil and gas industry in Venezuela and worldwide, Vetco International Inc. replaced inadequate and costly accounting software with a comprehensive business management application, SAP® Business One. This decision instantly enabled the U.S. based distribution and supply company to consistently maintain and transfer accurate client data company-wide. Vetco's staff was challenged by having to utilize an inadequate and non-integrated accounting system for managing all aspects of customer relationship management, sales, order processing, inventory control, accounts receivable, accounts payable and more. Without the use of a seamlessly integrated computer program, enabling the transfer of client data in real-time from one department to another, the Vetco staff experienced communication break downs.
Unfortunately, the lack of effective communication also led to: duplicate entries of client orders into the accounting system, generation of conflicting quotes for the same customer\'s order, payment duplications, omission of billable items and more. Such situations created enormous amounts of unnecessary paperwork, accounting nightmares and logistical difficulties for every division of the company. SAP Business One provided the most cost-effective and scalable solution for Vetco International Inc.\'s needs. Without straining its I.T. (Information Technology) budget, Vetco was able to install (a) a comprehensive and integrated accounting, customer relationship management and light manufacturing SMB (Small to Midsize Business) enterprise solution, (b) expand it throughout many departments of their business and (c) utilize the software efficiently. The implementation was on-schedule, and all departments went live with SAP Business One at the same time. "The implementation of SAP Business One as a comprehensive business management application has exceeded our expectations. Not only have we achieved an almost paperless environment, we've greatly enhanced efficiencies, streamlined our workflow, improved data management controls, and enforced accurate accounting procedures," said Jose Barrios, Chief Information Officer, Vetco International Inc. Following the SAP Business One software implementation, previous critical business production issues were resolved. Mr. Barrios estimated the immediate return on investment to be $120,000.00. He arrived at that amount by calculating the salaries for three additional employees Vetco would have been forced to hire, had the company not implemented SAP Business One. About Vetco International Inc.: For more than twenty years, Vetco International, Inc. has been recognized as a leading distributor of industrial supplies to the Americas, for the oil and gas industry. The business, which is privately owned by Ali Segura and his wife Bahia Gomez, consists of ten employees and generates more than $6 million in annual revenue. Vetco International, Inc. distinguishes itself from the competition by providing customers with a highly customized order processing and fulfillment service that is designed to meet its clients' individual business needs. Vetco not only locates the highest quality chemicals; electrical, lighting, HVAC and plumbing equipment power tools; lift & pull equipment and safety industrial items; they also facilitate high volume purchases of such products for their clients. About SAP Business One Software: Many small and midsize firms have invested in multiple software applications for business management. Business owners report that using disparate programs which do not integrate, makes it difficult and time-consuming to generate accurate, up-to-the-minute business status reports. They lack the ability to access the information needed for analyzing their business status when they need it. Without easy access to real-time business information, mission critical decisions may not be made efficiently. SAP Business One was designed to help small and midsize businesses streamline their operational and managerial processes by providing robust and fully integrated financial and sales management capabilities. SAP Business One supports companies with as few as ten and as many as several hundred employees, and can be implemented in weeks. The solution's award-winning Drag & Relate data navigation system provides users with intuitive data access simply by highlighting and dragging pieces of information on the screen. SAP Business One features an integrated sales force automation system for pipeline tracking, opportunity management, strategic selling, and contact management. Key functionalities also include: (a) materials requirements planning, (b) comprehensive financial management (with multi-currency, budgeting, and bank reconciliation), (c) a complete inventory management system, with kitting and multi-level price lists; and, (d) a comprehensive reporting module that allows easy access to any data.
Most SMBs (Small to Midsize Business) view software purchase with caution, expecting tangible operational improvements before spending large sums of money. SAP Business One not only provides immediate results in operating efficiency and real-time business decisions, but also comes with an affordable price tag. This affordably priced new solution, starting at approximately $11,000.00 for three users, is designed for those businesses that recognize the importance of leveraging business software as an integral component of their business growth strategy.
About Cornerstone Consulting Inc.: Founded in 1983, Cornerstone Consulting, Inc. is a privately-owned company that provides a full suite of information technology products and services for small, mid-sized, and large companies. Cornerstone's services include: system integration for LAN, WAN, VPN, wireless and Internet networks, Custom Programming, EDI, Barcodes and Scanning, RFID, E-commerce, Website Design and Hosting, Security, Networks, Remote Monitoring, as well as Custom Web Application Development. "We look forward to the opportunity to help your business maintain a competitive edge in today's aggressive marketplace", said David Boos, President, Cornerstone Consulting Inc. He continued, "SAP Business One and related offerings are competitively priced for small to mid-sized businesses. This software, in conjunction with the numerous value-added services Cornerstone Consulting offers, improves our client's productivity and ultimately reduces their costs. SAP Business One is making the leap into enterprise management easy and affordable for the SMBs with systems that work the first time, every time." Headquartered in Clearwater, FL at 2600 McCormick Dr., Suite 210, owner David Boos can be reached at (727) 791-3410. For further information about our company visit www.Cornerstone1.com # # #
SAP, and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies.
For more information, press only:
Eleanor Mullaney Vice President of Marketing (727) 791-3410 xt. 2783 (727) 796-9513 fax
Cornerstone Consulting, Inc. 2600 McCormick Dr. Ste 210 Clearwater, FL 33759 http://www.Cornerstone1.com
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