Press Release: Bishop-Wisecarver Wins Adaptive Insights Torchie Award for Achieving the “Largest Business Impact”
Award Honors Innovators Who Have Achieved Excellence in Business Planning Across their Organizations
Pittsburg, Calif. – July 16, 2019 – Bishop-Wisecarver, a trusted industrial automation company offering proven motion solutions that are expertly designed and delivered to perform, announced that it has won the prestigious Torchie Award from Adaptive Insights as the customer achieving the largest business impact. The company won this award based on the significant operational improvements it realized after moving several planning processes to the cloud with Adaptive Insights Business Planning Cloud. This digital transformation enabled Bishop-Wisecarver to increase efficiency of its manufacturing shop floor in the assembly process by approximately 30%, improve returns by 60%, improve sales quote-to-close ratio by 10% year-over-year, and reduce accounting’s month-end close cycle by 10 business days to a mere three days total.
“The work we did to improve our internal processes was an extension of our overall commitment to deliver a Signature Experience of unmatched quality, reliability and service to our customers – whether that be through our products or our business operations,” said Pamela Kan, Bishop-Wisecarver President. “These efforts were just the beginning as we continue looking for ways to improve our business operations, and if new technologies such as artificial intelligence (AI) or machine learning present opportunities, we will evaluate and implement those too.”
Business Process Improvements
Before implementing Adaptive Insights Business Planning Cloud, Bishop-Wisecarver’s accounting and finance teams were spending approximately 40-50% of their time on data collection and validation and not on analysis. The company was able to free up 600 of these hours for analysis, which provided them with a deeper understanding of its business and led to significant operational improvements in many areas throughout the company.
“These improvements not only positively affected our business and our ability to service our customer base, but they also benefitted our employees,” said Miguel Danao, Vice President of Finance for Bishop-Wisecarver. “Instead of spending time on mundane processes, our talented employees can now use their skills to gain more insights on our business and continue identifying new ways to improve our operations.”
Bishop-Wisecarver’s proven motion solutions are expertly designed and delivered to perform, enabling customers to solve their toughest industrial automation challenges. Leveraging nearly 70 years of experience, the company has earned the reputation of providing unmatched quality, reliability, service and engineering support for every stage of a customer’s design cycle. Combining long-lasting performance with ease of installation, Bishop-Wisecarver products offer the lowest cost of ownership for a wide variety of applications ranging from Aerospace to Medical to X-Y-Z systems and more. No matter the application or extreme environmental conditions, Bishop-Wisecarver designs innovative solutions from concept to completion, from prototype to production, on time and on budget. To learn more, please visit www.bwc.com.