Overview: Plan B Wholesale, a Georgia-based distributor specializing in tobacco and cigarette products, struggled with cash flow management and compliance due to state-specific reporting requirements. The company was paying large sums in taxes upfront, which strained daily operations and limited their ability to scale. They also faced challenges in manually calculating agent commissions and managing sales teams effectively.
The Challenge: Before implementing the Vizion Tools ERP solution, Plan B Wholesale dealt with inefficient reporting processes and cash flow issues. The company had to pay thousands of dollars in taxes upfront on tobacco purchases, negatively impacting working capital. Additionally, the manual process of calculating tax reports and agent commissions was both time-consuming and error-prone, leaving little room to focus on business growth and sales strategies.
The Solution: Plan B Wholesale partnered with Vizion Tools to implement a customized ERP system tailored to Georgia’s specific tax reporting requirements. The ERP solution provided:
- Automated tax reporting, allowing the business to meet state regulations quickly and accurately.
- Real-time cash flow management, eliminating the need to pay upfront taxes and improving liquidity.
- Agent commission management, streamlining the process of tracking sales commissions and enabling the team to focus more on sales and expansion.
The entire system was implemented in just 45 days, including customization, onboarding, and team training.
Key Results:
- Enhanced Cash Flow: The ERP system eliminated the need for upfront tax payments, freeing up funds to reinvest in the business and manage day-to-day operations more smoothly.
- Automated Tax Compliance: The new system generated state-specific tax reports with a single click, significantly reducing the manual workload and minimizing the risk of calculation errors.
- Improved Sales Focus: By automating agent commissions, Plan B Wholesale was able to refocus its efforts on driving sales, allowing for more time spent on customer relationships and growing the business.
- Operational Efficiency: The streamlined processes and automation allowed the company to cut down on human resource costs, making the entire operation more efficient and scalable.
Results by the Numbers:
- $50,000+ in tax savings within the first year of implementation.
- 30% reduction in time spent on tax reporting and compliance.
- 20% improvement in cash flow management.
- 25% boost in sales focus and agent efficiency due to automated commission tracking.
Conclusion: Plan B Wholesale’s partnership with Vizion Tools has been transformational, enabling the business to manage cash flow more effectively, automate key reporting tasks, and focus on increasing sales. With a tailored ERP solution, the company now operates more efficiently and is well-positioned for future growth. The implementation has not only saved significant resources but has also empowered the team to concentrate on expanding their market presence and managing multiple warehouses.