Boni Holding: SOFTONE, LucaNet, Qlik, IT Support, CRM

A Successful Model for Technological Development in the Sector

Implementation has helped us to reconsider many of the processes that happen during the consolidation of the financial statements. We have succeeded in rearranging many things and putting them on a basis that allows comparability across each one of the companies.”

- Hristo Stoyanov,

CFO

Company Profile

Industry: Meat production and distribution

Size: 500-1000

Client Since: 2010

About the Company

Boni Holding AD is a leader in pork meat production and one of the most established producers of meat products and processed meats.
The company operates hybrid and commercial pig farming facilities, as well as one of the most modern meat processing complexes in Europe, equipped with technological capabilities for producing an unlimited range of meat products.

ERP Solution for More Efficient Management

In its pursuit of higher efficiency and integrated process management, Boni Holding implemented the cloud version of the SOFTONE ERP system in partnership with its long-term technology partner, Balkan Services.

The system has been deployed across eight companies within the holding, using a custom-designed architecture tailored to the specific characteristics of pig farming and feed production.

Results:

  • Quick access to correct business information, unified in one system;
  • Automated, significantly accelerated and integrated with each other specific processes in the pig and feed production;
  • Easy tracking of business value and performance indicators;
  • In-depth insight into individual cost elements and their weighting, hence facilitating decision making for their adjustment;
  • Ease of document production and ensuring full traceability of movements through automatic connectivity between pig farms;
  • Facilitated tracking of indicators throughout the pig life cycle, analysis of the accumulation of rearing costs as pigs move from one pig farm to another;
  • Dramatically reduce the time to monthly closures – from a few days to a few clicks;
  • Application of a common standard and comparability of data analysis metrics by company and in aggregate;
  • Eliminating the need for additional scale software through direct integration between the ERP system and the scales;
  • Unify and standardize the way of working across companies;
  • Supporting users’ work with multiple automatic checks;
  • Freeing up the time of key employees;
  • Bringing the team together.

Accelerated Financial Consolidation

Balkan Services has implemented the specialized consolidation and planning solution LucaNet in Boni Holding. The platform combines a standardized model for preparing consolidated financial statements with a high degree of flexibility, with certain predefined structures specifically adapted to the group’s individual requirements.
The solution consolidates financial data received from the holding’s subsidiaries.

The system offers a rich set of core and additional functionalities, including consolidation adjustments (additional accounting entries), hierarchical consolidation structures, automated cash flow statements, statements of changes in equity, reports on non-current asset movements, cost center segmentation, and more.
The planning module enables dynamic monthly, quarterly, and annual planning.

Results: 

  • significant reduction in consolidation time;
  • minimizing errors and deviations;
  • historical traceability of the consolidation operations and procedures;
  • references including non-financial information allowing the creation of operational key indicators that support management decisions;
  • data details;
  • comparability of key indicators among individual companies, data for different time periods;
  • data visualization by type of activity in the group;
  • possibility of subsequent deconsolidation of subsidiaries;
  • minimum hardware requirements.

BI System for Better Data Management and Analysis

As part of the long-term partnership between Boni Holding and Balkan Services, a BI solution was also implemented to improve data management and analysis within the company. 

Users use Qlik for data visualization, reporting, and multidimensional analysis.

The application enables comparisons of sales, returned goods, and performance against previous periods and planned targets. Key performance indicators are calculated, and receivables by customer and payments can be easily analyzed with drill-down capabilities down to document level.

Digitalization of Sales Processes through CRM

A CRM system has been implemented, enabling sales representatives to manage their activities via mobile devices.

The system allows on-site order placement at retail locations, real-time order transmission to distributors, and the collection of information on competitors’ product availability and pricing.

The CRM solution also supports visit planning and reporting, route optimization for sales representatives, and provides operational reporting aimed at optimizing the performance of the sales team.

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