6 months ago
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To solidify its position as a global leader in glycolic acid production, PureTech Scientific LLC has successfully implemented SAP S/4HANA Cloud Public Edition. The transition to the cloud-based platform is expected to streamline operations, enhance customer service, and support the company’s ambitious growth plans under the guidance of its new owner, Iron Path Capital.
PureTech Scientific’s journey to the cloud began with the goal of creating a unified technology platform that would ensure a smooth transition for employees, customers, and vendors. The implementation, which was completed in an impressive 14 weeks, has already yielded positive results, including improved operational visibility and more timely transactional discipline.
According to PureTech Scientific CEO James Kanicky, the real-time insights and automation provided by SAP S/4HANA Cloud Public Edition will help the company streamline its operations and serve customers with greater speed and accuracy. Kanicky emphasized that this is just the beginning, and the company is excited about the opportunities that lie ahead as it continues to drive growth and innovation in the personal care and healthcare markets.
Enhancing Efficiency Through SAP S/4HANA Cloud Public Edition
As the only North American glycolic acid producer, PureTech Scientific now has real-time insight into its daily production and the ability to employ and automate barcoding. This enables the company to complete SAP goods issue and goods receipt transactions automatically using mobile devices, significantly reducing the time needed for reporting.
James Smith, executive advisor for Iron Path Capital and PureTech board member, highlighted the importance of SAP S/4HANA Cloud Public Edition in providing a best-in-class foundation for enterprise scalability, security, and compliance. Smith noted that after the successful 14-week implementation, PureTech Scientific can now leverage real-time business analytics and implement industry-best-practice, fit-to-standard workflows. The commencement of digital manufacturing cloud, barcoding, and sales cloud capabilities will eliminate manual transactions, automate production recording and material movements, and employ mobile data collection for improved enterprise productivity and customer satisfaction.
PureTech Scientific Poised for Growth in Expanding Markets
Glycolic acid, a versatile compound used as a core agent in multiple industries ranging from industrials to life science, is expected to experience a 10% compound annual growth rate (CAGR) over the next five years. PureTech Scientific strategically selected SAP S/4HANA Cloud Public Edition to support its vision for growth in this expanding market.
With scalability and integration as top priorities, SAP S/4HANA Cloud Public Edition empowers PureTech Scientific to focus on pursuing growth opportunities in new markets and developing new capabilities for both new and existing customers. The company’s commitment to innovation and customer satisfaction positions it well to capitalize on the growing demand for glycolic acid products.
SAP North America President Lloyd Adams commended PureTech Scientific’s significant transformation over the past year, highlighting the company’s complete revamp of its ERP system and transition to the cloud. Adams emphasized that this move allows for quick and data-driven business decisions as PureTech Scientific enhances its capabilities and deepens its market share in key markets.
As PureTech Scientific continues to leverage the benefits of its cloud-based platform, it is poised to set new standards in the production and application of glycolic acid products, solidifying its position as a global leader in the industry.
