Supply chain Software as a Service (SaaS) platform Topo Solutions is powering the digital transformation of managing and creating commercial contracts within the supply chain of Wachsmuth & Krogmann Far East (WKFE).
The international wholesale and foreign trade company recently went live with Contract Management solution, part of Topo’s Ordering Module.
This solution ensures compliance, reduces risk, and streamlines WKFE’s contract management process providing insights into contract performance. It also ensures the required legal terms are attached to the right contracts eliminating the need to send additional word documents for contracts and terms and conditions.
Before the new system was introduced, WKFE’s team faced the cumbersome task of managing data, such as supplier and factory profiles, product specifications, and financial information on various Excel and Word documents.
“Topo has transformed a once tedious, time-consuming, and inefficient task into a simple process,” said Frederik Kranich, IT Engineer, WKFE.
“Before, we had to keep on top of our various contracts manually on different platforms – now, everything is in one place.
“We’ve also been really impressed by how quickly Topo’s team implemented our new digital system – within two months of initiating the process, we were up and running.”
WKFE is a sourcing and procurement company supplying consumer goods including Electrical Home & Kitchen Appliances, Toys, Lighting, Gardening, Decorations, Outdoor and BBQ products to retailers in Europe, USA and Australia.
The company offers all Supply Chain needs from tailor-made product development, Quality Assurance (QA), Quality Control (QC), Corporate Social Responsibility (CSR) assessments, to Logistics and a high degree of technical expertise.
The group has offices in Hamburg/Germany (founded in 1797), Sydney/Australia, Chicago/USA, Shanghai/China and Ningbo/China.
“WKFE has been a great client to bring on board, they have been so flexible and open to change,” said Tobias Grabler, Chief Operating Officer, Topo.
“Their willingness to revolutionize their operations has really empowered us to customize and create best practice solutions that make the most of what Topo offers businesses.”
The introduction of Topo’s Contract Management solution will boost WKFE’s efficiency and speed to market as they manage contracts from some of Europe’s top 10 retailers.