GENEVA and ARMONK, N.Y.,
Feb. 20, 2019 /PRNewswire/ -- COFCO International (CIL)
has selected IBM (NYSE: IBM) to integrate and digitally transform
its business processes with the implementation of a new SAP
platform, including SAP S/4HANA®, SAP® Ariba®,
SAP® SuccessFactors® and SAP Master Data Governance.
CIL is the overseas agriculture business platform for COFCO
Corporation, China's largest food
and agriculture company. With $34B in
annual revenue and over 100 million tons shipped in 2017, CIL has
quickly become a leading, global agribusiness.
Standardizing processes across CIL's financial, procurement, and
production activities will allow the company to integrate its
business operations with other critical activities such as its core
commodity trading system. This digital transformation will provide
CIL with the platform it needs to further grow its
agribusiness.
Over a two-year period, CIL and IBM will partner to design and
test a global template, pilot the solution, and then roll it out to
over 30 countries. IBM Services will deploy IBM's Impact
Solutions and Agile approaches, utilising the most advanced set of
pre-configured solutions for SAP S/4HANA and SAP Ariba available in
the industry to jumpstart the design phase and accelerate
implementation. With SAP Ariba, CIL will see a fast transition from
legacy, analogue procurement, to digital processes, improved
stakeholder experiences, enhanced risk management, and reduced
costs.
"IBM Services will help us rapidly digitally transform our
business, standardize and simplify our processes, and vertically
integrate our operations," said Mr. Andre Schneiter COFCO
International CIO.
"IBM is thrilled to have the opportunity to help COFCO
International achieve their vision of standardized end-to-end
processes across their operations. With our IMPACT solution, we can
quickly help to build an efficient, integrated supply chain and
matching back end business processes which will give COFCO
International's leadership visibility and control across their
entire supply chain," said Cathy
Rogerson, IBM Services Vice President for the CPG,
Agribusiness and Retail industries in Europe.
ABOUT COFCO INTERNATIONAL LTD.
With 12,000 people in 35 countries, COFCO International is the
overseas agriculture business platform for COFCO Corporation,
China's largest food and
agriculture company. COFCO International is focused on being a
leader in the global grains, oilseeds and sugar supply chains, with
assets across the Americas, Europe
and Asia-Pacific. The company
trades with over 50 nations, while providing farmers unique direct
access to the growing Chinese market. In 2017, COFCO International
handled over 100 million tonnes of related commodities with
revenues of $34bn. The company is
accelerating its growth to create a world-class integrated global
agriculture supply chain, anchored in China and competing globally.
For more, visit: www.cofcointernational.com
ABOUT IBM
For further information on IBM please visit
www.ibm.com/services
SAP, SAP S/4HANA and other SAP products and services mentioned
herein as well as their respective logos are trademarks or
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other product and service names mentioned are the trademarks of
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Media Contacts
Allan Virtanen
Director Communications, COFCO International
press@cofcointernational.com
Ken Saunders
External Relations, IBM Global Business Services
saundken@uk.ibm.com
+447887830036
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SOURCE IBM