Invenio Business Solutions appoints Octopus Group to grow Application Managed Services

IQ Winnersh, READING, UK –  March 24, 2015.  Today, we are pleased to announce we have appointed leading PR company, Octopus Group to support our growth in SAP Application Managed Services (AMS) offerings. Octopus Group was selected due to its extensive knowledge of the enterprise sector and SAP market.

In order to drive growth and raise brand awareness, Octopus Group will deliver a bespoke brand to sales campaign incorporating content marketing and a comprehensive influencer engagement plan.

Partho Bhattacharya, Managing Director of Invenio, has led its global business since 2008: “I was drawn to Octopus Group, not only for its impressive knowledge of the SAP market but also its understanding of the vision for our business. Octopus clearly has the right mind-set, expertise and understanding of our audience and through a carefully thought out campaign, they’re the right partner to support our business goals and positively impact our growth.”

The pitch was led by Octopus Group director Laura Slade, “As a business looking to drive sales through effective inbound and outbound marketing, Invenio is a perfect fit for our Brand to Sales methodology, and we’re really excited to deliver a successful campaign that drives lead generation and delivers real return for the business.”

Media Contact:

Kofo Are

+44(0)330 440 1800

125, Wharfedale Road, IQ Winnersh

Reading.

RG41 5RB

kofo.are@invenio-solutions.com

On a Roll with SAP

Invenio Helps XP Power Successfully Roll-Out SAP in their US Operations

XP Power, a leading supplier of electronic power needed to improve business performance and visibility. XP wanted to streamline their operational processes and eliminate inefficient practices.

XP called upon Invenio again for help to successfully roll-out SAP in their US operations. Watch this video with Michael Laver, President of World Wide Sales, Marketing and Executive Director at XP Power.

Are You Future Ready?

Invenio Help Leading Electronics Power Supplier to Upgrade to SAP ERP 6.0

XP Power, an electronic power supplier with a turnover of $170 million needed to upgrade their current SAP platform. The current system XP were running was an old 4.7 XP which was no longer supported by SAP and the costs of the software maintenance was extremely high.

Watch this interview with XP’s Operations Director, Anne Honeyman talk about the success of the upgrade project.

 

We can help


Get in touch if you would like further information on our SAP upgrade services. Call us today on +44 (0)330 440 1800, or complete our online enquiry form.

Making SAP Easy for Media – Part 2

Following on from our 1st instalment in this 2 part series, MESA continue their interview with Invenio to find out how they help their media customers understand the huge capabilities of SAP.
Interview by Chris Tribby

 

Invenio says that its SAP partners see savings of as much as 40%. Can you expand on that, share how the company’s solutions actually translate into real, bottom-line savings?

We helped a major newspaper group increase revenues by extending their ad-booking window by between eight and 24 hours. Our SAP solutions help their operations produce 15 million copies of a daily newspapers from 16 print locations, and to manage the financial and business operations of 25 separate legal entities.

We helped a major TV broadcaster improve its content acquisition processes across the entire broadcast portfolio, for both original and syndicated programming. Our solution helps manage the entire procure-to-pay process for 3,500-plus television programs, including series episodes, one-off programs, and movies.

We are helping a leading music publisher to standardize and streamline its global procure-to-pay processes using an innovative SAP solution that will manage over 150,000 suppliers worldwide. The self-service vendor portal and guided streamlined invoice processing has resulted in saving of thousands of man-hours in administrative tasks for the customer.

We implemented an award-winning SAP solution that offers support for financial, human resource management and management reporting for a major international search portal across their online, mobile, email subscription and e-commerce lines of business. This was one of the first SAP implementations for a pure online business.

With such a rich experience in the industry, our consultants have a head start when they start servicing our customers, resulting in better and faster issue resolution. With our experience in the industry, we have built ‘accelerators’ — pre-built solutions to address typical scenarios in media companies. This can potentially crunch the project timelines as compared to traditional partners.

Can Invenio offer some specific use cases, where media and entertainment companies made especially good use of Invenio’s offerings?

Universal Music Group (UMG) is the world’s leading music company with wholly owned record operations or licensees in 77 territories. Its business also includes Universal Music Publishing Group, the industry’s leading global music publishing operation. With the recent acquisition of EMI, Universal Music Group has consolidated its dominant position in the music market. Universal Music Group is a unit of Vivendi, a global media and communications company.

UMG has implemented a single global instance of the SAP FICO (Finance and Controlling) solution for its financial reporting. The procurement function was, however, widely distributed across various local systems. With 7,000-plus internal users involved in the P2P process working with 130,000 suppliers across the globe, the administration and control of purchasing was highly inefficient. UMG was keen to ‘outsource’ supplier data management back to suppliers, bring in better commitment tracking with clear visibility on spend and enforce strict budget controls. Traditional SAP solutions were cost prohibitive and integration with third party tools became unmanageable. That is when UMG turned the attention to Invenio’s P2P Solution.

Invenio’s work and partnership in different aspects of Universal Music’s SAP estate has been gradual in finite increments as Universal Music grew in its confidence with Invenio’s capability.

Over the last five years, Invenio has developed a bespoke procure to pay system on SAP for Universal Music which uniquely address the requirement of simple front end interfaces, full budgetary control, complete workflow, access through web and an easy to use vendor portal particularly suited for the media industry and at the same time fully inside SAP. Invenio was given the challenge to make it work across the globe, with country specific GAAPs and languages and running this in one instance of SAP, which was delivered exactly as tasked and has now been working for three years in a very stable manner.

We built on the SAP platform requiring no integration and available at a fraction of the cost of the classical solutions, very tightly integrated with budgeting allowing the possibility for a strict enforcement of a ‘no budget, no spend’ policy. Includes easy to follow and maintain workflows to improve compliance in the entire P2P process, with a secure, Web-based tool available on mobile which pushes the responsibility for supplier data and transaction maintenance back to the suppliers in ‘self-service’ mode.

The Invenio P2P solution has now been rolled out into nine countries including four of the biggest territories for UMG: USA, Japan, Germany and France. More than 4,000 internal users are working successfully with the user-friendly solution. Supplier on-boarding has also started and has received enthusiastic response in France, USA etc. The solution will be rolled out to eight more countries in the next year covering over 90% of UMG’s global business.

With all global purchasing data in one place, UMG has better visibility on spending enabling tighter budgetary control and more effective supplier management. Supplier relationships have also improved by providing them with better visibility throughout the process. The administration burden of the P2P process has come down, saving thousands of hours of administrative tasks for the business which can now be utilized better within UMG.

For more details on MESA you can visit their website here