The “middle ground” enabled by Envalo is a modular and incremental approach to improve operational efficiency through automation for clients and provide them the visibility and self-service capabilities in business. As a part of implementing B2B Portals for clients, Envalo integrates its clients’ back-office systems for accounting, inventory, and warehouse management with their suppliers’ IT systems to provide complete visibility into the supply chain. Additionally, the integration framework simplifies ERP re-platforming as the old system can directly be mapped to the new system, without disrupting any operation. While end users see no change, companies get a new ERP system along with a host of seamlessly integrated back-office systems. A key highlight is that the company provides a high-end, mobile-friendly customer engagement portal in 3-4 months as opposed to 12-15 months needed for ERP re-platforming.
Through its portals, Envalo has successfully enabled visibility into the CRM, inventory, procurement processes, order processing, and other functional areas. The company has integrated its functions with e-commerce platforms such as Magento, IBM WebSphere, and ERP systems like Epicor, JD Edwards, NetSuite, Sage, and Microsoft Dynamics to enable several possibilities like pulling of live inventory feed or aggregation of multiple orders into one supplier order and pushing that into a back-end ERP system.
The value proposition of Envalo’s solutions has helped its clients serve market leaders better. In one case, when a Fortune 500 company outsourced a large division to one of Envalo’s clients—a distributor with a $10 million turnover—the main challenge for the distributing firm was to reduce the cycle time for orders. When Envalo was brought onboard, the company integrated the inventory and order management systems of all suppliers working with its client’s (distributor’s) systems. Order feeds entered by the distributor were automatically “pushed” to suppliers, which reduced order processing time by 40 percent, allowing the distributor to close customer orders in two days, which earlier took a week.
We take a real-world view of suppliers, product information, invoices, and orders to map them independent of IT and aggregate them into one mobile-optimized user interface
Envalo’s proprietary, cutting-edge technology for interactive schematic part solutions has also taken the industry by storm. Users can scan a barcode or QR code using a mobile device to see a product schematic, where clicking on different parts provides the information on the parts to be replaced. The technology helped one of Envalo’s clients reduce the return of parts by 24 percent as Envalo addressed the concern of people buying incorrect parts.
Going forward, Envalo intends to release a cloud-based B2B Portal system, which its clients can use as a front-facing tool, allowing the ability to plug all the data into their back-end systems without the need for integration. Moores confirms that the tool would be transactional and SaaS-based, which eventually would evolve into a low-cost business operating system.