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Home » Case Study » Model 2

Model 2

Plitt

model2 The Plitt Company is a Chicago-based, multi location seafood wholesaler with a turnover of $130 Million. Plitt supplies top quality seafood products to high-end restaurants, professional chefs, retailers, caterers, and other food suppliers in the US Midwest region. Thanks to their commitment to quality and to their employees; Plitt earned the Inc. Magazine recognition as one of the 500 fastest growing companies in the United States in 1997. TA is propelling Plitt's objective of being a pioneer in its space with a range of reporting solutions. The range includes: Finance and Accounting reports:
  • Management dashboards
  • Sales reports
  • Weekly sales graphs
  • Weekly purchase reports and graphs
  • Ageing reports (A/R)
  • Inventory reports
  • Monthly budget to actual comparison for corporate and branch offices
Various Product reports
  • Purchase reports and graphs
  • Forecast for buyers
  • Sales performance comparisons
  • Product price sheets
The company runs its financials on Net suite. TA uses a combination of Crystal Reports, SQL Database Queries and excel to generate reports from Net Suite. These are sent to the CFO on a periodic basis for his decision making. Further, we continue to assist Plitt in gleaning critical insights from the reports. A classic success story was TA's game plan to maintain a healthy A/R for Plitt. TA's analysis of the reports and subsequent insights enhanced the process of profiling customers and drafting a collection strategy specific to customer profiles with COD - controlled terms of credit. This helped TA achieve a 32% reduction in Plitt's A/R in a matter of just 3 months; which consequently resulted in improved cash flow and better working capital. The financial reports generated gives management access to faster and more accurate interpretation of financial data for enhanced decision making ability. Further, the data generated and the insights gleaned from it are used on a regular basis to improve service levels in the company. These enhancements have gone a long way in augmenting Plitt's value to its stakeholders and customers.

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