Vandemoortele ahead with Altares Dun & Bradstreet integrated solutions
Vandemoortele products have been a household name in Belgium and far beyond for over a century. With its margarines, culinary oils and fats, sauces, vinaigrettes, cream substitutes and a wide range of bakery and pastry products, the food company is a trusted and welcome taste generator in numerous markets across Europe. For a balanced assessment of its risk management at an international level, Vandemoortele relies on the tools and datasets of Altares Dun & Bradstreet.
Vandemoortele
4.900
products
1,3
Billion in turnover
4.800
employees
As a company with international operations, having a stable risk management solution based on global data is crucial for us,” explains Louis Theunckens, Business Process Owner Finance. “On the strength of our collaboration of many years with Altares Dun & Bradstreet, we can rely on an efficient data management automation process and we can expand our customer portfolio based on in-depth credit advice. Altares Dun & Bradstreet's proactive attitude makes a huge difference for us: they involve us in their problem-solving process, challenge us and evolve with our growth objectives.”
1. The Challenge
Risk management based on reliable financial data
Vandemoortele is a pioneer when it comes to data integration. Ever since 2016, it has been asking for user-friendly tools and solutions to centralize its data and make it accessible via an intuitive interface. The Altares Dun & Bradstreet D&B Connect solution has met Vandemoortele's challenge. This tool enables the food manufacturer to make all credit checks and financial information available across departments and national borders in a manageable way.
"As a company with an international focus, it is important for us to have a stable solution available based on global data to do risk management."
“Our trust in their solutions also withstands the test of time,” adds Louis Theunckens, Business Process Owner Finance. “Indeed, our research into comparable tools shows that no other solution on the market can be so well tailored to SAP, our central enterprise resource software, and therefore to our day-to-day processes. The connectivity with SAP is therefore an absolute added value for us. The automatic updates, the user-friendly interface and, above all, the continuous monitoring via D&B Connect ensure we are always fully prepared when it comes to risk management.”
2 The solution
Integration with the Dun & Bradstreet data cloud
Louis Theunckens, Business Process Owner Finance licht toe: “Financiële informatie over onze klantenportefeuille is een eerste en belangrijke vereiste voor onze business. Als bedrijf met zoveel afzetmarkten is het cruciaal voor ons om te weten hoe gezond onze zakelijke klantenrelaties zijn. Op basis daarvan kunnen we een kredietlimiet toewijzen. Dankzij de vernuftige modellen en algoritmes van Altares Dun & Bradstreet krijgen wij een zo getrouw mogelijke inschatting van het financieel risico dat we als leverancier nemen. Dat zijn sterke indicaties waarmee wij dan aan de slag gaan. Meer nog, uit onze interne analyse en audit bleek dat onze interne inschattingen en die van Altares Dun & Bradstreet voor zo’n 80% overeenkomen. Om maar te zeggen: hun producten vormen voor ons een stevige basis, een goeie fond zeg maar, waarop wij, met onze inzichten, op kunnen verder bouwen. Wij kunnen dan ook met vol vertrouwen zeggen dat hun voorstellen betrouwbaar zijn en de perfecte aanvulling vormen op onze eigen interne onderzoeken naar onze klanten.”
12
European offices
29
Production Locations
1899
year of establishment
Altares Dun & Bradstreet's tool is therefore the binding agent that brings together all the ingredients for healthy risk management.
3. The result
Be able to follow credit procedures clearly and easily
Het resultaat is dat Vandemoortele als internationale speler zich maximaal kan wijden aan diepgaandere analyses die hun klantenportefeuille naar een hoger niveau tilt.
Louis Theunckens stelt vast: “Voor ons is het belangrijk dat we redundante, manuele of repetitieve activiteiten zoveel mogelijk kunnen uitsluiten. We verliezen nu geen tijd aan klantenfiches in te putten of kredietlimieten manueel toe te voegen. Hier vormt Altares Dun & Bradstreet een belangrijke sleutel tot onze processen. Dankzij de efficiëntie van hun tools kunnen we onze focus verleggen naar activiteiten die een meerwaarde hebben voor onze business, onze klanten en onze visie. We dragen respect, teamwork en ambitie hoog in het vaandel. Door de tijd die vrijkomt, kunnen we onze blik nog sterker richten op onze analyses, onze klantenrelaties en onze duurzame visie.
With the reliable financial data and accurate bankruptcy scores provided, and the use of unambiguous rating and intuitive interfaces, it can follow the internal credit processes clearly and easily without loss of time. As a result, Vandemoortele is able, with even more ambition, taste and enthusiasm, to fully commit to initiatives involving data-driven insights and analyses, sustainable customer relationships and a sustainable vision in general.
The result? An equally sustainable partnership with Altares Dun & Bradstreet. Something that is also possible thanks to their proactive attitude. Altares Dun & Bradstreet gives you the feeling that you are sitting at the table with a sparring partner. They provide you with new proposals and ideas that support your business, which in turn allows you to map out a path together, through a cordial and no-nonsense customer relationship.”
What other customers say
"As a company with an international focus, it is important for us to have a stable solution available based on global data."
'Every new customer we want to check. It sleeps much better for everyone if you know that companies you are owed money from can actually pay it.'
"To make sure we are sourcing good, reliable dealers everywhere, we need the expertise of Altares Dun & Bradstreet"
"We can now act proactively when it comes to credit risk"
"We had another business information provider, but in testing we found that with their data we were only covering 45 percent of our customers"
"Doing business based on current, complete and accurate data"
"Only by automating can we make substantial gains"
"Improved customer insight and optimal service"
"'For Barco, it is important to support your strategy and decisions with market data"
"Altares Dun & Bradstreet's Marketing Insight solutions have provided ten times higher conversion from 'suspects' to 'prospects' in the Benelux"
"Altares Dun & Bradstreet understands the data and the business. Together we will take steps toward the sustainable future"
"We obviously don't want to do business with individuals or organizations that are subject to sanctions"
