Client Challenge
- In 2021, the law (2021:579) prohibiting unfair trading practices (UTP) in the purchase of agricultural and food products came into force, prohibiting unfair trading practices in the commercial relationship between suppliers and buyers.
- As a large actor in the Swedish grocery sector with numerous supplier agreements, the client faced a significant task of review and, if needed, update existing contracts to ensure compliance with upcoming legislation.
- At the same time, the conflict between Russia and Ukraine commenced, making it even more crucial to have updated and clear contract terms to avoid supply chain disruptions and manage rapid price increases.
Assignment
We managed the pre-study to assess the current situation and articulate required capabilities for the future finance function and finance processes. The market for cloud-based ERP and Finance systems was evaluated through research and system demonstrations. Through a thorough selection process, a few systems where shortlisted that could meet the client’s requirements. These suppliers were invited to the RFP and sourcing process.
Required capabilities
- Assess client situation and needs and articulate required capabilities of a future finance solution
- Explore opportunities with modern systems, and especially opportunities for automation through AI and machine Learning Market evaluation
- Assess the market for mid-sized ERP and Finance systems
- Evaluate the system’s fit with the client’s high-level requirements, and recommend a group of potential systems Sourcing
- Perform an RFP process with shortlisted suppliers and systems
Client Benefits
The result from the project made the client confident to take decisions on a future finance system and supplier
- Formulation of Finance system requirements
- Qualification of potential Finance system suppliers
- Prepared sourcing of application licensees and sourcing of system implementation partners
