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International Business Systems (STO: IBS B), the leading business application supplier for wholesale and distribution, announced today that it has successfully implemented its IBS Distribution Financials with TRACSA, SA de CV, MATRA, Ltd. and NIMAC, SA.
Each organization is a leading sales, service and rental company for Caterpillar equipment in its respected territory. TRACSA is headquartered in Guadalajara, Jalisco, and has 15 locations throughout Mexico. MATRA is based in the city of San Jos, with six additional branches covering Costa Rica. NIMAC serves all of Nicaragua from its main location in Managua.
The three dealerships provide a wide range of heavy, standard and compact Caterpillar equipment for use in mining, agriculture, forestry, road building, road maintenance, general construction and light construction operations. Caterpillar is the largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines in the world. It is a Fortune 500 Company with more than $67 billion in assets and an international dealer network with 220 locations.
IBS Distribution Financials replaced a legacy system that was no longer being supported by the organization that had developed it for the Caterpillar dealer network. The new software handles purchase and sales payment processes, including those requiring multiple simultaneous currencies for each dealership via network connection. All three dealerships are supported by a primary server maintained at TRACSAs Guadalajara headquarters.
We considered several solutions, but IBS Distribution Financials was more adapted to our business requirements out-of-the-box than other options, said Miguel Romero Arellano, TRACSAs chief information officer. Because it was industry-specific and included IBS Integrator, we enjoyed a very fast implementation into our existing systems and databases. Being on time and on budget was critical because it ensures a faster time to value for our investment. We also like that Integrator makes it easy to add more functionality in the future.
TRACSA began evaluating financial products in 2008. The firm signed an agreement to purchase IBS Distribution Financials in January 2009. IBS staff from Mexico, Colombia and the United States began the implementation about two months later and had the system up and running on a new IBM Power System by November 2009.
The successful engagement with TRACSA demonstrates the strong alignment of this market for IBS, said chief executive officer Mike Shinya. We have a very competitive solution for heavy equipment companies that want to improve business processes and system reliability. Its a foundation they can build on and use to continuously improve operations over time.