Case Studies How Dawn Foods Achieved Millions in Annual Working Capital Savings With TIS

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	How Dawn Foods Achieved Millions in Annual Working Capital Savings With TIS

How Dawn Foods Achieved Millions in Annual Working Capital Savings With TIS

Technology Category	Analytics & Modeling - Predictive Analytics Application Infrastructure & Middleware - Data Visualization Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Industries	Food & Beverage
Applicable Functions	Business Operation
Services	Cloud Planning, Design & Implementation Services System Integration
Challenge	Dawn Foods faced several challenges, including a lack of focus on cash and working capital, shortfalls in reporting, and a complex data landscape. The company struggled with a shortfall in management communication between departments, which hindered their ability to make informed financial decisions. Additionally, the complex data landscape made it difficult to gain a clear understanding of their cash positions and working capital needs. These issues collectively created a significant barrier to achieving their financial goals and optimizing their working capital. Read More
About Customer	Dawn Foods is a global B2B bakery ingredient supplier with a significant presence in the food industry. The company operates more than 50 locations worldwide, serves over 40,000 global customers, and offers products in more than 100 countries. With multiple entities and finance departments, Dawn Foods is a major player in the food industry, providing a wide range of bakery ingredients to businesses around the world. The company's extensive reach and diverse customer base make it a critical supplier in the global food market. Read More
Solution	In 2015, Dawn Foods implemented a change management process to become a more cash-oriented company. The key objective was to achieve a 10% year-over-year reduction in Net Working Capital Days. To support this goal, they implemented TIS's CashOptix, a comprehensive working capital analytics tool. This tool provided 24/7 visibility into key performance indicators (KPIs) relevant to different business units and functions. By reporting KPIs in various dimensions, the tool ensured that improvement processes were supported and targets were accepted across the organization. CashOptix connected to all of Dawn Foods' global banks, systems, and entities, providing real-time visibility and advanced reporting on cash and liquidity. The tool also facilitated the development of both short and long-term cash forecasts, supplemented by AP, sales, and procurement data to provide a complete picture of working capital and liquidity. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Application Infrastructure & Middleware - Data Visualization

Functional Applications - Enterprise Resource Planning Systems (ERP)

Applicable Industries

Food & Beverage

Applicable Functions

Business Operation

Services

Cloud Planning, Design & Implementation Services

System Integration

Challenge

Dawn Foods faced several challenges, including a lack of focus on cash and working capital, shortfalls in reporting, and a complex data landscape. The company struggled with a shortfall in management communication between departments, which hindered their ability to make informed financial decisions. Additionally, the complex data landscape made it difficult to gain a clear understanding of their cash positions and working capital needs. These issues collectively created a significant barrier to achieving their financial goals and optimizing their working capital.

About Customer

Dawn Foods is a global B2B bakery ingredient supplier with a significant presence in the food industry. The company operates more than 50 locations worldwide, serves over 40,000 global customers, and offers products in more than 100 countries. With multiple entities and finance departments, Dawn Foods is a major player in the food industry, providing a wide range of bakery ingredients to businesses around the world. The company's extensive reach and diverse customer base make it a critical supplier in the global food market.

Solution

In 2015, Dawn Foods implemented a change management process to become a more cash-oriented company. The key objective was to achieve a 10% year-over-year reduction in Net Working Capital Days. To support this goal, they implemented TIS's CashOptix, a comprehensive working capital analytics tool. This tool provided 24/7 visibility into key performance indicators (KPIs) relevant to different business units and functions. By reporting KPIs in various dimensions, the tool ensured that improvement processes were supported and targets were accepted across the organization. CashOptix connected to all of Dawn Foods' global banks, systems, and entities, providing real-time visibility and advanced reporting on cash and liquidity. The tool also facilitated the development of both short and long-term cash forecasts, supplemented by AP, sales, and procurement data to provide a complete picture of working capital and liquidity.

Impact #1	Dawn Foods achieved significant operational improvements with the implementation of TIS's CashOptix. The tool provided visibility into cash positions and accurate cash forecasts, enabling better financial planning and decision-making. The working capital dashboard offered 24/7 insights, allowing the company to monitor and manage their cash flow in real-time. Additionally, the tool served as a bridge between the finance department and other departments, improving communication and collaboration across the organization. These improvements collectively enhanced Dawn Foods' ability to manage their working capital effectively and achieve their financial goals.

Impact #1

Dawn Foods achieved significant operational improvements with the implementation of TIS's CashOptix. The tool provided visibility into cash positions and accurate cash forecasts, enabling better financial planning and decision-making. The working capital dashboard offered 24/7 insights, allowing the company to monitor and manage their cash flow in real-time. Additionally, the tool served as a bridge between the finance department and other departments, improving communication and collaboration across the organization. These improvements collectively enhanced Dawn Foods' ability to manage their working capital effectively and achieve their financial goals.

Benefit #1	$9 million saved over 3 years
Benefit #2	10% year-over-year reduction in Net Working Capital Days

Benefit #1

$9 million saved over 3 years

Benefit #2

10% year-over-year reduction in Net Working Capital Days

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Overview

How Dawn Foods Achieved Millions in Annual Working Capital Savings With TIS

Operational Impact

Quantitative Benefit