10 May 2017 / Case Studies
Knape & Vogt Oracle EBS Cloud Managed Services Case Study
A CLOUD JOURNEY FOR KNAPE & VOGT
For manufacturing leader Knape & Vogt, the cloud represented a way to keep its 100-year- old competitive edge amid an economy undergoing rapid change.
The Business Challenge:
Chief Financial Officer Rick McQuigg recognized that simply migrating his Oracle E-Business Suite modules to the cloud was not going to solve his business challenges, end complaints coming from his IT department, and dramatically reduce his costs. To achieve these goals, he needed a true partner as he embraced the cloud’s premise of lowering his total cost of ownership (TCO), reducing his compliance risk and achieving a higher level of service than he could attain on his own.
In the first year alone, Knape & Vogt logged $300,000 in savings, which helped fuel an ambitious acquisition plan & a renewed focus on core competencies
Since then, the company has saved more than $2M annually
Today, K&V is optimized, streamlined and reinvesting its profits in innovation.
"Our strategic partnership with Velocity has saved us the equivalent of 16 full-time IT hires or $2.0 million." — Rick McQuigg, CFO, Knape & Vogt