Petzl is a world leading manufacturer of climbing gear, caving gear, work at height equipment, and headlamps. The company was created by Fernand Petzl in France in 1975 and is currently headquartered in Crolles, France. As the company grew globally they set up a US headquarters in Clearfield, Utah in 1995.
Since then the US office has grown and Petzl America’s share of the Sporting Goods market has increased with estimated revenue of $45M and employing 29 people.
A slow cash application process with a reliance on manual data entry
Prior to the Cashbook implementation, Petzl was struggling with:
In 2012 Petzl USA decided to set up a bank lockbox to help process their payments received from customers. Their bank, Wells Fargo in turn created a BAI2 file with the information received in the lockbox each day. The local ERP system which is operated by Petzl America is PRMS and did not have the built in capability to fully automate this BAI2 file format. Petzl America looked for a fully integrated software solution that could accept the bank file and match the details with the open AR items in PRMS. They identified Cashbook as the best solution for their project due to our history of working with multiple ERP systems and providing integration and updating of PRMS. Cashbook proceeded to create a live, two-way integration with PRMS.