Project Overview – Veritiv Corporation

About Veritiv Corporation:

US-Based Wholesale Office Supply Distributor
Annual Revenue: $8.3 Billion
Year Founded: 2014
Headquarters: Atlanta, GA
ERP: Oracle
ImpactECS customer since 2017

Before ImpactECS:

Newly merged company with 170 locations across the US created a need for integrated cost and profitability solution

• Legacy cost and profitability systems existed at each of the now-merged companies
• Limited insight into costs incurred beyond net sales to determine true contribution margins
• Disparate data systems with inaccurate, incomparable and incomplete data
• Challenges with internal projects to develop profitability and enterprise reporting solution

How Veritiv uses ImpactECS:

ImpactECS provides next-generation Cost-to-Serve Analytics:

• A hybrid standard cost and allocation model that calculates the full end-to-end cost and net profitability at the invoice line level
• Company-wide cost and profitability results for all products, customers, vendors, activities, and organizations
• A standard, repeatable profitability process with user controlled rules and methodologies

ImpactECS modeling capabilities delivers real value:

• Identify the key drivers of costs and profits to direct lean initiative decisions
• Understand vendor profitability and analysis of key customer purchasing
• Provide a basis for EVAs and new business analytics
• Drive financial planning, including forecasting and budgeting assumptions
• Serve as a platform for predictive modeling, scorecards and other performance measures
• Offer insights for location stack rankings
• Inform compensation plans for sales management and customer support groups
• Provide pricing insight to discover new opportunities and build specific campaigns

 

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