Elemica, the Supply Chain Operating Network for the process industries, discusses the many ways their network can drive efficiencies for companies undergoing a divestiture or a merger and acquisition (DM&A).
When new entities emerge, Elemica's expansive footprint across industrial process manufacturers makes it very likely that their trading partners are already a part of the community on the network. This makes it easy for them to quickly acclimate, connect and conduct commerce.
When companies come together, Elemica's expertise in integrating key business-to-business processes, creates real-time visibility and orchestration across disparate systems so that they can operate as one.
"Elemica's dominant market share in the process industries ensures that a company undergoing a merger and acquisition - or spinning off a division into a new company - can continue conducting business on the network," said Chris Cameron, Vice President, Customer Solutions at Elemica. "Our patented 'come as you are' technology, and the ability to communicate limitlessly across the network, enables us to help architect and execute an effective strategy for companies undergoing DM&A activities."
Elemica's enterprise network powers the automation of business processes using Universal Business Documents (UBDs) to handle communications, exchange master data elements and manage configurations so companies on the network can work together effortlessly. UBDs uncover similarities in business processes, identify what the process is trying to convey, break down the process into unique elements for future correlation and better understand how the process relates to future applications.
UBDs help companies to quickly begin using the Elemica network for order management, vendor managed inventory, logistics processes, global supply management, and more. For example, one large global chemical manufacturer was in the process of spinning off one of their divisions. The newly formed organisation turned to Elemica to coordinate the redirection of trading partners to their new Enterprise Resource Planning (ERP) package, helping them to swiftly come up to speed in their organization so they can begin generating revenues faster.
"By integrating your ERP with those of your trading partners, you can achieve on-demand, global supply chain visibility, and instantaneously respond to the ever-changing landscape of supply and demand. The return on investment is validated in immediate cost savings, and reinforced in the benefits of enhanced trading partner relationships resulting in top line revenue growth," adds Cameron.
Elemica's approach to trading partner onboarding eliminates the need for middleware tools by harnessing transaction data from disparate systems, translating messages with established business rules and running automated testing tools to accelerate time to value. This methodology makes it easier to move over trading partners because they have already been vetted by Elemica, or they are already on the network.
"In DM&A activity, adhering to timelines is the ultimate priority. Elemica understands this, and has successfully aided the execution of numerous mergers, acquisitions, and divestitures on behalf of our clients. The value of these transactions is simply too high to allow for execution failures, and Elemica has a proven track record of success," added Cameron.