How Noralta transformed their operations with SAP Business One
Over 13 years of growth, Noralta’s business processes became increasingly complex, especially in inventory management and financials. They needed a robust solution to streamline these operations and reduce the manual effort involved. After researching various solutions, they chose SAP Business One, which offered a user-friendly interface and powerful functionality to help them simplify their operations. Partnering with ProjectLine, they were able to implement the system smoothly and on time, achieving their goals without disruption to their ongoing operations.
Reduced inventory carrying costs
By consolidating inventory records across multiple locations into one central system, Noralta significantly reduced the number of unique SKUs and eliminated inconsistencies in item naming. This streamlined approach decreased inventory carrying costs by 20%, which amounts to significant savings given their US$2 million inventory value at any given time.
Streamlined accounting processes
With SAP Business One, Noralta simplified their accounting by reducing the number of general ledger accounts from 12,000 to just 600. This transformation has not only improved financial accuracy but has also sped up the period-end closing process by 96%, cutting down what once took several hours to just minutes, and greatly reducing the workload for their accounting team.
Improved financial accuracy and reporting
Noralta’s financial processes are now more accurate and timely. Previously, financial records were up to nine months out of date, but with SAP Business One, they’ve reduced that gap to three months and are on track to reach their goal of closing in just one month. The system now allows managers to access detailed reports instantly, such as cost of sales on a per-truck basis, enabling smarter, more informed decision-making across the organization.
