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2 March 2005
Atlanta, Georgia
FOR IMMEDIATE RELEASE
Premium Standard Farms Manages Product P&Ls with Impact:ECS
As the second largest pork producer in the US, Premium
Standard Farms is focused on the goal of maintaining its
position as a high-quality, low-cost producer. By signing an
enterprise license agreement with 3C Software to implement
the Impact:ECS Enterprise Cost System, the company is closer
to achieving its goal. 3C Software consultants will work
directly with Premium Standard’s project team to deliver a
fully-integrated costing solution.
The company became interested in Impact:ECS during its
search to identify a costing system that could meet the
rigorous requirements of the newly enacted Sarbanes-Oxley
Act. Installing Impact:ECS will allow Premium Standard to
establish, document and maintain controls for their
vertically-integrated production process. They can take
advantage of integrated system tools like the Model Audit
feature to meet the Sarbanes-Oxley rules.
The project slated for the plants in Milan, MO and Clinton,
NC will supply their cost managers with a common and
consistent approach to calculating product costs. The
engagement will deliver the ability to calculate detailed
costs and produce profit and loss results by individual
product. With the complexities of costing for both
disassembly and further-processing tasks, Impact:ECS will
provide the tools to model exactly how costs are accumulated
at each facility. This expansive view into production costs
will allow Premium Standard’s finance and business leaders
to make more informed operations, sales and marketing
decisions.
3C Software CEO Matthew Smith is enthusiastic about the
opportunity to establish best-in-class solutions for cost
management in the pork processing industry. “By now having
the number one and two pork processors in the US as clients,
we are exposing the importance of effective cost management
tools for the industry,” shared Smith.
About 3C Software
3C Software, developers of Impact:ECS™ and Impact:3C®, was
founded in 1989 and is a leader in detailed cost management
systems for process manufacturers. Headquartered in Atlanta,
Georgia, 3C Software serves clients in several manufacturing
industries including automotive, textile and apparel, pulp
and paper, semiconductor, chemical and rubber, and food and
beverage. 3C Software's rapidly implemented solutions work
with all accounting methods, are simple to maintain, and
handle unlimited calculations and variables. For more
information about 3C Software, visit
www.3csoftware.com
or call 800-226-2036.
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