Berger Paints Nigeria Plc has introduced a earnings before tax of N449.5m for 2017, a rise of 25 per cent compared to that of 2016.
The company pointed out its net earnings expanded by means of 19 per cent to N3.09bn despite the inclement operating ambiance.
The Chairman, Berger Paints Nigeria, Dr. Oladimeji Alo, on the company’s Annual regular meeting in Lagos, highlighted strategic achievements of the company as he stepped down from the board amid commendation from shareholders.
Alo, who is succeeded by way of Mr. Abi Ayida, a non-government director, told shareholders that as a part of the method to boost operations and remain aggressive, the enterprise built a totally automated multibillion-naira paint factory.
Describing the manufacturing facility because the first of its kind in sub-Sahara Africa, he stated it might start operations before the conclusion of the yr.
He defined that as a way to raise velocity and accuracy of records administration and enhance operational efficiency for enhanced client provider, the firm upgraded its enterprise useful resource package.
Alo mentioned Berger Paints Nigeria had applied the Microsoft Navision organizations management equipment, which replaced the old Sage utility.
in line with him, the enterprise will all the time vicinity high top rate on product great growth, research and construction, and ability building for the personnel to be able to maintain its competitive edge.
Alo expressed gratitude to the entire stakeholders for their aid during his tenure because the chairman of the company.
He added that all through his tenure, the firm enthroned a way of life of strategic management; reinforced company governance; added a lifestyle of regulatory compliance; blocked loopholes for fraud and linked company malfeasance; and developed new earnings and advertising and marketing approach, and international collaboration, amongst others.
The shareholders accredited the dividend of N144.912m, which translates to 50 kobo per share.
the brand new chairman, Ayida, while addressing the shareholders, pointed out, “The board and administration of the enterprise will build on the solid basis laid through Dr. Alo by means of harnessing human and fabric resources to enhance cost introduction for shareholders.”
Ayida, in an interview with journalist, cited that Berger Paint’s business model could be tailored in opposition t extended bigger ability utilisation, exceptional products and cost discount by way of leveraging on the enterprise’s large investment in automation.
in accordance with him, one of the vital instant pre-occupations of the board is to prepare a road map that allows you to launch the company into sustainable growth and building.
Ayida, an economist and Chief government Officer, accomplice for Vail Woodward pals has extensive adventure, spanning retail manufacturing industries, banking and insurance in Nigeria and offshore, according to a statement.
Alo, a former Managing Director of fiscal institution practising Centre, joined the board of Berger Paints in 2012 and was appointed the chairman of the board on July 17, 2014.
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selecting the best ERP on your enterprise may also be somewhat a task. Are you looking for an all-rounder, one that's been designed primarily to your vertical or one to greater swimsuit the wants of a small, medium or tremendous agency?
youngsters there are lots of to make a choice from, we have now rounded up the ERP methods that present the gold standard insurance for organizations looking to put money into new tools.Epicor
focusing on medium-sized enterprises, Epicor concentrates on corporations in verticals like manufacturing, skilled services and distribution. Its tool is attainable both in the cloud and in a customer's own data centre, or a mixture of each.
Epicor's person event makes it effortless to use whether by means of an internet browser or in your computing device, and users can opt for between a classic or up to date user interface. Epicor's tile-primarily based design resembles the modular nature of ERP, though it's also reminiscent of windows 10 - which may well be a plus or a minus, depending on your view.
The tool covers here administration modules: product lifecycle, CRM, first-rate performance, provide chain, and enterprise efficiency.Brightpearl
Brightpearl is an ERP designed to be used within the retail sector to aid businesses align their company methods, including orders, stock, customer statistics, accounting and reporting in a single platform.
or not it's above all been concept up with multi-channel dealers in intellect, assisting to align on-line and offline earnings as well as other strategies associated with running a company across platforms.
automated accounting aspects reminiscent of recording orders, invoices and funds imply Brightpearl can double up as a bookkeeper, additional reducing the pressure on your enterprise.
real-time stories are supported, together with stock, money move, profitability via SKU and channel, client buy behaviour and an awful lot greater, making it one of the vital properly fliers for retail only agencies. There are also multiple fee fashions, that means whether you're a large or small enterprise, make sure you be capable of finding a equipment so that it will work both performance-shrewd and finance shrewd for you.
but, even the maximum equipment remains a whole lot more cost-effective than many different retail-specific ERPs obtainable, making it a fair more sensible choice on your company if you should watch the cashflow.
Of route, in case your industry isn't retail, this selected ERP doubtless is never one fr you, but if you're in the retail sector, it would be on precise of your list if you are trying to migrate or introduce an ERP into your company.IFS
IFS's ERP product is a part of its applications suite, which covers commercial enterprise aid Planning (ERP), commercial enterprise Asset management (EAM) and business carrier administration (ESM).
Its ERP soltution targets larger agencies, mainly those in manufacturing and order-pushed verticals like aerospace engineering and the foods and drinks sector. Designed to be as open as feasible, the tool focuses on speed of implementation - a clear win for big establishments facing arduous IT rollouts - and its capability to scale rapidly is a different selling element.
whereas its UI revolves around initiatives and roles for people, users can toggle and alter the journey to swimsuit their own business structure and job positions.Infor
Like IFS, Infor offers a full suite of alternatives for business management, including ERP, examination and product lifecycle administration.
Its ERP device is centered at the manufacturing industry, nevertheless it has also launched distinct products to suit distinctive industries within manufacturing.
as an instance, Infor10 ERP system business is designed for technique producers corresponding to chemical, meals and beverage and pharmaceutical firms. meanwhile, Infor10 ERP express is geared toward discrete manufacturers equivalent to aerospace and defence, car and equipment producers. every edition contains modules especially tailored to that certain niche, so it be critical the right one is chosen to ensure it suits with your business wants.
One issue that units Infor apart from its rivals is that following a whole load of acquisitions, Infor has released middleware allowing for high integration with other features. techniques used to keep on proper of strategies, manipulate routine and song work flows can all be integrated into the ERP utility.
Infor ERP can run on AWS's EC2 cloud or on-premise. alternatively, that you may select for the enterprise to host it by way of its personal speed-hosted amenities.Microsoft Dynamics
Microsoft too has an entire range of ERP items, all designed for diverse sized organizations.
Microsoft Dynamics GP, NAV and SL are targeted at small and medium sized organizations, whereas its AX product is top of the line desirable for higher corporations with dissimilar international websites.
The products have also been developed with diverse verticals in mind. AX is most excellent for manufacturing and distribution networks, despite the fact NAV is extra customisable for a larger latitude of verticals within manufacturing.
Microsoft Dynamics GP is normal within the public sector on account of its focused modules for departments reminiscent of financial management and HR, however it's also equally appropriate to the finance and expert provider industries.
SL is superior suited to venture-primarily based sectors, such because the inventive industries or development, the place BAU is less of a spotlight.SAP
despite the fact SAP historically pursuits the bigger conclusion of the market, it has attracted smaller corporations with its all-in-one solutions, which play a really crucial position in reworking small and medium-sized agencies.
since it covers all areas of business, it has probably the most widest selections of modules for enterprises to opt for in their implementation, including advertising and marketing and income, container provider, product design and construction, construction and stock handle, human substances, and finance and accounting. This makes it a great all-rounder for organizations that are looking to examine the water with an ERP tool, with the alternative to scale it later.
SAP's products encompass All-in-One, designed for medium-sized agencies that require a fast implementation with decrease prices. company ByDesign, in the meantime, is developed specifically to utilize SaaS environments, whereas enterprise One is an integrated ERP for smaller corporations throughout the manufacturing, retail, service and distribution industries.
The assortment of articles, movies, and posts on this theme.
Microsoft Dynamics is a line of commercial enterprise useful resource planning (ERP) and customer relationship administration (CRM) utility applications. Dynamics can be used with different Microsoft solutions, reminiscent of SharePoint, Yammer, workplace 365, Azure and Outlook. Dynamics ERP comprises a gaggle of business-useful resource-planni ng products includes Dynamics AX (formerly Axapta), a multi-language, multi-currency enterprise utility with enterprise administration features for fiscal, human elements, and operations administration; Dynamics GP (formerly awesome Plains application); Dynamics NAV (previously Navision) for financials, give chain, and individuals; Dynamics SL (formerly Solomon IV)for venture-pushed corporations; Dynamics C5 (formerly Concorde C5) for manufacturing, give chains, analytics and electronic commerce; and Dynamics CRM.
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