Baxters Food Group is a Scottish food processing company headquartered in Fochabers, Scotland. It produces foods including canned soups, canned meat products, sour pickles, sauces, vinegars, chutneys, anti-pasta and fruit preserves. Baxters has remained a private family-held company which in recent years has expanded rapidly with its notable acquisition of U.S. based Wornick Foods.
"Our business has grown phenomenally. Over the last 12 years, we've undertaken 10 acquisitions. As a result of these changes, the Oracle Planning and Budgeting Cloud service is going to be really fundamental in how the finance team can help move the business forward."
As a growing international business, Baxters Food Group reached out to Qubix to re-energise and simplify its finance systems landscape. The Baxters team had used a combination of legacy on-premises Hyperion systems and complex Excel-based models. Business units in Canada and Australia projected forecasting offline. This process was error-prone, labour intensive, disconnected and lacked business insight. Qubix held multiple requirements workshops to identify process gaps and develop a "to-be" finance operating model. Based on this, Qubix created a solution engagement that focused on transforming Baxters management reporting as well as demand forecasting and planning and budgeting processes.
To achieve this, Qubix implemented a cloud-based planning and budgeting and business analytics solution. This included implementing Oracle EPM Cloud Planning and Oracle Business Analytics applications. The solution leveraged prebuilt, best-practice analytics modules, namely Supply Chain, Procurement and Financials, to empower Baxters relatively small IT team to provide maximum value to their business. This avoided expensive, on-going infrastructure and maintenance costs. Data integration between the planning applications, business intelligence applications and E-business Suite ERP system was achieved with Qubix Cloudbridge - data orchestration tool.
"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."
As a result of this new solution, Baxters can generate narrative-rich and visual reports for timely decision making. Moreover, data integration between planning, business intelligence and ERP systems allows the business to plan and forecast against actuals more effectively. As a result of greater analytical capabilities, Baxters can focus on improving business efficiency by reducing stock wastage and cutting overheads.
"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."
Qubix approached the project in three sprints. This began in earnest with the implementation of planning applications and business analytics functionalities. The second and third phase focused on delivering specific reporting capabilities captured during the requirements workshops which stipulated the need for commentary capture for Board Reporting Pack and a custom developed Packaging Recovery dashboard. Our Journey to Cloud Methodology was employed to ensure the engagement was successful, on-time and delivered within budget.
Why did Baxters choose Qubix?
" We have a great partnership with Qubix, and we’ve benefited from the team’s substantial experience in implementing Oracle Cloud technology. We’re working with Qubix to develop and implement the right Oracle solutions for our business as we expand into the global market. "
Head of Management Information Systems
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