Press release
June 28, 2002
Hagemeyer Group to implement Prodacapo ABC/M and Balanced Scorecard
Hagemeyer, the global business-to-business distribution service group with a turnover of EUR 8.8 billion, has signed a contract to implement Prodacapo solutions for activity-based costing/management (ABC/M) and Balanced Scorecard in the UK. This country is one of the biggest markets for the Hagemeyer group, with an annual turnover of EUR 1.3 billion. Following successful completion in the UK, the group plans to move forward with a global rollout. The initial deal for the UK is worth EUR 924 000.
Hagemeyer's objective in implementing the Prodacapo ABC/M solution is to measure more accurately the true cost and profitability for customers, products and suppliers, and to use this information to improve profitability and tailor offerings to individual customers. The Prodacapo Balanced Scorecard solution will help Hagemeyer create a high-performance organisation, spreading responsibility and accountability throughout the organisation.
”The partnership with Prodacapo is important to the continued success of our business, says Tim Haywood, Chief Financial Officer of Hagemeyer UK. “The Prodacapo solutions will enable us to enhance our market-leading position even further.”
The Prodacapo ABC/M solution will make it possible for Hagemeyer to identify the true cost of serving customers and sourcing products, thereby identifying the true profitability of customers, products and suppliers. This information will enable employees to make more informed decisions to improve profitability and reduce costs than is the case with traditional financial data. The Prodacapo Balanced Scorecard solution will provide Hagemeyer with a comprehensive performance measurement and management system. The cost and profitability information generated by Prodacapo ABC/M will constitute important input to the Balanced Scorecard.
The Prodacapo solutions will be integrated with Hagemeyer's business system, Movex from Intentia.
Hagemeyer chose Prodacapo in the face of strong competition from other companies. “The main reasons we chose Prodacapo were that they offer world-class ABC/M functionality in a software that is very intuitive, with efficient handling of vast data volumes. The integration of the Balanced Scorecard solution on the same platform as the ABC/M solution, gives us full support to turn information into action. Finally, Prodacapo have proved at our subsidiaries in Sweden and also in the UK – who have been using Prodacapo ABC/M for a number of years – that their solutions fit with our requirements and that they have excellent consultants and support services,” says Tim Haywood.
“As leading specialists in ABC/M, we are particularly excited by the prospect of working on such an involved project with this leading European organisation,” says Lars Näslund, President of Prodacapo.
About Hagemeyer
Please visit www.hagemeyer.com |
