Springer Carrier Centralizes Back-Office Operations in Brazil, Meets SOX Compliance Requirements With Help From IBM

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October 25th, 2006 Leave a comment Visited 27 times, 1 so far today

Springer Carrier Centralizes Back-Office Operations in Brazil, Meets SOX Compliance Requirements With Help From IBM

Springer Carrier, a leader in air conditioning, heating and cooling equipment for commercial, residential and transportation applications, today announced it has reduced the number of duplicate IT systems by 40 percent and the number of suppliers by 50 percent, as a result of a major process improvement project with IBM Global Business Services (NYSE: IBM).

“The first financial closing was very good; it took only 16 hours to close all cost processing and accounting reporting — more time was available to spend on analyses,” said Orlando Jr., Project Manager, Springer Carrier. “It was the fastest SAP project ever deployed in Carrier, plus during the project there was no disruption to key company processes such as selling, planning, producing, billing and delivering products to customers.”

Completed in 13 months with an estimated investment of US$3 million, the project resulted in an additional benefit for the company. The new process controls have paved the way for improved corporate governance practices and have facilitated the company’s compliance with Sarbanes-Oxley legislation in the US.

The benefits of centralization obtained by Springer Carrier include systems integration, operation of a single business model that reduces operational complexity and costs, increased process control and transparency, integrated planning and shorter manufacturing lead times.

Read the complete Press Release





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