Transforming Inventory to Fuel Growth with SAP Business One

The Result

Faster, More Complete Information Enables Better Decisions

With all their inventory finally in one place, Noralta scoured their records, resolved conflicting item names, and shaved many steps out of inventory management – saving time and making records more current and trustworthy. “Full visibility corporate-wide lets us make better inventory management decisions,” says Ross. “As a result, we’re saving 20% of the carrying costs of our inventory, which run about US$2 million at any one time.”

Noralta renovated their financial practices to reduce general ledger accounts from 12,000 to 600, simplifying accounting and improving confidence in financial records. They sped up month-end and year-end closing, which now culminate with a 10-minute final closing function that used to take four hours. Overall, ledger records had been nine months out of date, but now they have closed the gap to three months and are on track to reach their goal of one month. Fine-grained information, like cost of sales on a per-truck basis, is now available for the first time.

Managers who relied on out-of-date paper reports now use strong reporting tools to view the data they need in seconds on their own SAP Business One screens. New users find the software inviting and straightforward to learn, swelling the base of licensed users to 24.

Growth Continues Without Concern for Business Processes

With their revised processes, Noralta smoothly absorbed a location in Calgary and is continuing their rapid growth. “We have two new locations in the plan, but this time there’s no concern about our processes for incorporating them,” Ross concludes. “We’re also doing bigger jobs than ever, and to help manage them, we’re considering the next step in our partnership with SAP – job costing software.”