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Global Food Distributor Enhances Business Performance With SAP

Wednesday, March 31, 2010

By all measures, Olam International, one of the world’s largest suppliers and distributors of agricultural products and food ingredients, has been growing exponentially across geographies, markets and product lines. But with this growth has come the challenge of maintaining unified, accurate visibility into financial information, which is critical to keeping expansion on track and complying with recently mandated International Financial Reporting Standards (IFRS). To these aims, Olam relies on enterprise performance management solutions (EPM) from SAP AG (NYSE: SAP). With the SAP® BusinessObjects™ Planning and Consolidation application, part of the portfolio of SAP BusinessObjects EPM solutions, Olam has completed its first fiscal year’s IFRS-compliant reporting, consolidating financial data for more than 90 legal entities operating as 250 profit centers in different currencies with a US$8.6 billion business.

Article sourced from www.sap.com, click here to read full story.

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