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Baxters

 success story: baxters 

Baxters targets a 10% reduction in working capital with Oracle Cloud Planning, Budgeting and Oracle Analytics Cloud. 

"From a better forecasting process and better quality of information coming in from our production requirement, I'm going to be targeting the business with a 10 percent reduction in our working capital."
Heather Metcalfe
Group CFO

Baxters Achieve an 80% Efficiency Saving.


Baxters is a Scottish food processing company with seven manufacturing sites across five continents and currently employs over 1,500 people. The company has experienced phenomenal growth in the last few years with ten acquisitions and $500m in annual turnover with future growth plans to reach $1bn within the next ten years. Baxters produces foods such as canned soups, canned meat products, sour picks, sauces, vinegars, anti-pasti, chutneys, fruit preserves and salad and meat condiments. Their diverse customers include world-renowned retailers selling high-profile brands in multiple global markets.


Baxter's approached Qubix to help them modernize their financial planning, forecasting, reporting and analytics. Being heavily reliant on spreadsheets for these processes, Baxter's finance team were losing valuable time in mundane tasks such as data gathering, spreadsheet consolidation and report preparation. This lead to a forecast process which took up to 3 months and a lack of insight in to the business. Qubix identified key initiatives which could dramatically decrease the time spent on forecasting, increase insight across the business and help finance work more efficiently. Through Qubix's deep industry and technical experience in delivering Oracle EPM and Analytics solutions, we were able to deliver this all in a very short time frame.

  • Spreadsheets, spreadsheets, spreadsheets = Business Risk!
  • Too much data and too little actionable insight.
  • Finance spending too much time collating data at the expense of analyzing results.
  • A budgeting process that typically took 3 months to complete.
  • A complex system architecture that needed to be simplified.
  • Inability to deliver reports in the visual style that management will readily adopt.
  • Group-wide budget process reduced from 12 weeks to 3 weeks, a 75% reduction.
  • Forecast process reduced from 3 weeks to 2 days.
  • An overall 80% efficiency gain across core financial processes.
  • Rich analytics.  Profitability by customer, by product, by brand, by geography down to SKU.
  • More insight. Daily sales by customer by SKU vs budget and 18-month rolling margin forecasts.
  • De-risked the business by removing the errors and ommissions always found in spreadsheet-driven processes.
  • Qubix CloudBridge deployed for data orchestration, which has lowered the cost and complexity of integrating multiple systems.
  • Robust, secure, scalable, cloud platform.

Baxters Transforms Finance with Qubix 

Why did Baxters choose Oracle Cloud?

Oracle Planning and Budgeting Cloud Service is the gold standard of cloud-based planning solutions. We wanted a rapidly deployable system to improve our planning systems and forecasting accuracy during a period of ambitious global expansion.

 

Elaine McKechnie
Head of Group Management Information Systems
Customer Reference Hero - Baxters 4

Baxters Implements Oracle Cloud Planning and Analytics Cloud.

Baxters Food Group moved from on premises Hyperion Planning to Oracle Planning and Budgeting Cloud and Oracle Analytics Cloud. Qubix helped redesign and migrate their application and also improved integration with source systems.

Leading Oracle Platinum Partner, The Qubix Group (Qubix) assisted Baxters to transform a complex financial systems landscape into a simplified, scalable platform that not only delivered increased insight, but delivered substantial cost savings.

Qubix migrated an existing Essbase application, deployed Oracle Cloud Analytics and Oracle's Planning & Budgeting Cloud Service, fully integrated with Oracle GL and Baxters analytics warehouse.


“Oracle provides best-practice, out-of-the-box solutions for our manufacturing environment. With Oracle Planning and Budgeting Cloud Service, together with Oracle E-Business Suite and Oracle’s Analytics Cloud solutions, we have a very stable platform on which to grow our business."

- Elaine McKechnie

Client Logo - Baxters (sketch)

About Baxters Food Group Limited:


Baxters is a Scottish food processing company with seven manufacturing sites across five continents and currently employs over 1,500 people. It produces foods such as canned soups, canned meat products, sour picks, sauces, vinegars, anti-pasti, chutneys, fruit preserves and salad and meat condiments. Baxters has experienced phenomenal growth in the last few years with ten acquisitions and $500m in annual turnover with future growth plans to reach $1bn within the next ten years. 

Industry: Food processing, manufacturing

HQ: Fochabers, Scotland UK

Employees: 1,500

Website: www.baxters.com

Technology and Services Used

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Oracle PBCS 

Oracle Icon - OAC (blue flat)

Oracle Analytics Cloud 

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Qubix CloudBridge