Jakarta. Local automotive distributor Tunas Ridean has seen an improvement in its efficiency thanks to a new enterprise resource planning solution by Epicor Software Corporation, its executive said.
Enterprise resource planning, or ERP, is a software that integrates business essentials such as inventory, order management, accounting, human resources and customer relationship management into one system accessible by the entire organization through a shared database.
“Data are automatically transferred every day from frontline systems into the Epicor ERP, providing full visibility into the organization, while ensuring that the data are accurate,” Eko Putranto, Tunas Ridean general manager of information technology, said on Friday (31/04).
“This means that fixed asset recording, financial consolidation and reporting are more accurate and always up to date,” he said.
According to Eko, Tunas has already reduced its account closing time by two and a half working days as it no longer needs to check for errors or replicated data.
For Tunas — a listed company with a number of subsidiaries acting as dealers, distributors and trading representatives for various car and motorcycle brands such as Toyota, BMW and Daihatsu — the automatic process gives management teams greater visibility into the business.
According to the company’s financial report published on the Indonesia Stock Exchange (IDX), the group has been maintaining a positive performance amid sluggish automotive sales in the country. It booked Rp 552.5 billion in profits last year, nearly doubled the Rp 292.2 billion a year earlier.
Tunas hired Epicor after a nine-month tender process from November 2015 to August 2016 in which the company competed with six other shortlisted vendors.
Sabby Gill, Epicor Software Corporation’s executive international vice president, said Epicor’s software was singled out as it offers an easy solution for customers who want to tailor the system to meet their unique business needs.
In Tunas’ case, the company uses the software for accounting and processing its assets and taxes.
The Austin-based Epicor currently has more than 20,000 customers in 150 countries.