Korsmet Inc.
We didn’t have the time and in-house resources to scan the market for an ERP system. Using a really rigorous approach, BDC’s experts helped us rapidly pinpoint the right system and vendor that truly fit our business needs. Plus, they financed the advisory service and our ERP.
Ryan (Qian) Peng
President and CEO
Popular cosmetics from Asia
About the company
Wholesaler of brand-name cosmetic and beauty products, imported from various Asian countries, primarily South Korea and Japan
Location: Newmarket, Ontario
Industry: Cosmetic and beauty products
Entrepreneur challenge
The company’s business processes required extensive manual intervention. As well, its systems were not integrated and had limited functionality. The company was looking to purchase an ERP but before investing, the firm needed external, objective expertise to help choose the right software solution and vendor.
BDC expertise
BDC’s digital technology experts first ensured that the company’s digital strategy was aligned with its overall business strategy. They then identified critical priorities, including system functions needed to support key business processes. This led to a thorough evaluation of several ERP systems, including the preparation of an RFP, to help them select the best solution and vendor.
Results
- Selected an ERP system and then implemented it within 4 months
- Saved time and minimized risk and costs in selecting the system
- Obtained an advantageous supplier agreement
- Automated and streamlined key business processes
- Simplified data collection, processing and analysis