IQ Winnersh, READING, UK –04 August 2015 – The Standard Media Group (TSMG), one of the largest publishing houses in Kenya selected SAP Gold Partner, Invenio Business Solutions, to implement a comprehensive SAP ERP & IS-Media solution across its organisation. The initial roll-out was completed in just six months, enabling TSMG to utilise SAP and transition its business from a manually operated system, to a fully automated business.
TSMG has dramatically increased the efficiency and accuracy of its processes. Invenio played a crucial role as lead implementation partner in the project and continues to provide ongoing technical support since the completion of the implementation.
TSMG is a modern media organisation with a diverse business portfolio, comprising traditional and new media outlets and services including, the printing and distribution of newspapers including The Standard Newspaper, the oldest newspaper in East Africa, as well as broadcasting of television and radio, and internet and outdoor services.
TSMG’s management was unable to attain a clear view on how the organisation was performing and had poor access to data with the previous manual system which was in place. Information continued to be late and lacked accurate detail leading to a poor critical decision making process and reduced profitability. For example, the business had no visibility or data about the number of sales and returns of print publications across sales outlets. It was also challenging to control revenue leakages and fraudulent activity from internal and external customers.
By automating its business processes with SAP, TSMG has been able to control these major revenue leakages, and has streamlined the sales and returns process. It also has better visibility of the number of transactions completed, increased inter-departmental efficiency through transparency and integration and introduced real time analysis to adapt its market strategy for different regions, maximising profits.
TSMG relied on Invenio’s technical expertise as an SAP Gold Partner, to ensure that the business transformation was as smooth as possible. To make this automation successful, it chose to work with a specialised SAP implementation provider with vast experience in Media. Invenio’s knowledge of the media market and its customers also provided TSMG with the right consultancy and advice to take full advantage of their business change.
Orlando Lyomu, Finance Director, Standard Media Group said, “This is a significant transition for our business. We selected Invenio Business Solutions to switch from an ineffective, manual operated system to an automated and integrated system to improve efficiency and accuracy across the group. This was made possible through having a committed and experienced partner who has an expert team available 24/7. The speed of implementation for the initial phase means we are realising the benefits of SAP even more quickly than anticipated and reducing the time to achieving ROI. The reassurance which Invenio offers us around support and maintenance also gives me great confidence that we will continue to drive the maximum benefit from our SAP investment as time progresses.”
Partho Bhattacharya, CEO, Invenio Business Solutions, commented, “Many organisations still have outdated, manual, business processes which waste time and money and are often laden with inaccuracies. In order to keep up with the competition in this day and age, both up-to-date technology and know-how surrounding the implementation is essential. We are so pleased to deliver this project in Standard Media Group, who worked very hard with us on making the project successful”.
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Invenio Business Solutions is an award-winning Business System Provider, head quartered in Reading, UK. The company supports 45 customers in the government, media and manufacturing segments, in areas that include industry-specific enterprise resource planning (ERP), tax and revenue management, business intelligence, big data, mobility, CRM and integration solutions. Formed in 2006, the company has subsidiary offices in India, Germany, Mauritius, Saudi Arabia, Dubai and the U.S.A. Throughout its history, Invenio has grown rapidly, organically and profitably. Invenio is a constituent of The Sunday Times Tech Track 100 for 2012, 2013 and 2014. Invenio is a SAP Gold partner and recipient of numerous awards from SAP including EMEA Regional Partner Excellence Award 2014 in the category “Database & Technology” for its work with SAP HANA®. Invenio is also accredited for SAP’s global partner quality program.
About Standard Media Group
The Standard Group Limited (also The Standard Media Group) is an integrated media house headquartered in Nairobi, Kenya. Its brands include The Standard newspaper, The Nairobian weekly, Publishers Distribution Services (PDS) that distributes local and international magazines and periodicals, Kenya Television Network (KTN) and KTN News Channels, Radio Maisha, Think Outdoor (billboards) and Online business under the trade name of Standard Digital. The Standard Media Group which was founded in 1902, is listed at the Nairobi Securities Exchange and has bureau offices spread throughout the country. The Group and its journalists have won numerous Journalism Excellence Awards (AJEA) sweeping several categories for print and television reporting and is also an INMA (International News Media Association) award winner for the Public Service category. Renown for some of the most cutting edge journalism, The Standard Media Group is considered the home of journalistic talent. Read more at: http://www.standardmedia.co.ke
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