Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
Australia’s largest dairy company, Murray Goulburn Co-operative (MGC), has implemented a SAP ERP solution to transform its loan management systems, which MGC says has increased data clarity, accuracy and transparency, and allowed it to increase the opportunities to offer finance to Australian dairy farmers.
SAP says the implementation was completed in
three months with the support of its special expertise partner, IZAZI
Solutions.
MGC’s manager industry and government affairs, Robert Poole, said today
the company has very close relationships with its members, and was in a
unique position to support them with short term funding.
Poole said that the company offers its members low interest and
flexible loan options, with loans repaid by the proceeds from the
member’s future milk production, and that the new software from SAP and
IZAZI had “improved reporting capabilities and audit processes, and
increased the funding opportunities that we can offer to members.”
Previously MGC was using tools that had been developed in-house,
databases and spread sheets for loans management, and Poole said the
new software supports a more rigorous and rigid approval process for
loans, in line with current regulatory requirements.
According to Poole, MGC plans to roll out an electronic loan
application form for farmers in Victoria before the end of this year,
and he added, “this Web based loan form will increase the accuracy of
data capture from new applicants. Approximately 30 regional field
officers will be utilising the Web-based application form, servicing
about 2,600 farmers.”
Poole said the implementation was very quick.
“IZAZI had a good team and were very productive – they demonstrated to
us that they were up to the task. This has been a wise investment for
us, especially given the recent economic situation. International
prices for dairy products such as milk powders, cheese and butters fell
dramatically as a result of the GFC.
“Consequently, farmgate returns fell sharply. These factors combined
with the recent dry seasons in some parts of Australia resulted in
increased demand from suppliers for short-term finance and it was
important that the software tools were in place to support the
increased demand.”
MGC is currently using SAP financials, procurement, sales &
distribution, production planning, plant maintenance and HR/ payroll
modules of SAP ERP 6.0, and is looking to implement SAP business
intelligence software in the near future.
David Bass
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