Formula 1 giant Marussia Virgin Racing invests in Sage ERP X3 to drive efficiency, enhance collaboration and increase business insight
Marussia Virgin Racing, the first Anglo-Russian F1 racing team, today announced that it has deployed the leading global mid market ERP solution, Sage ERP X3, to streamline its core business processes and more effectively integrate the financial and commercial operations across its business. The fully integrated business management solution – which goes live this month – handles everything from inventory, stock management, finance, project and job costing to provide a consolidated view of the company’s total operations and deliver new levels of business insight. Sage ERP X3 was selected in August 2011 following a two-way tender process and the first phase of implementation has been completed within a 3 month period.
Designed specifically for mid market businesses with complex business requirements or global ambitions, Sage ERP X3 is proven in 53 countries as a simple, easy to integrate and highly scalable solution that is web-native and unrivalled in its ease of customisation, low total cost of implementation and ownership. Thanks to its intuitive design, the robustness of its technology and that fact that the company’s finance department already used and benefitted from Sage software, the Sage ERP X3 platform was a natural fit for Marussia Virgin Racing’s requirements.
Kevin Lee, Operations Director at Marussia Virgin Racing explained: “Before investing in Sage ERP X3, Marussia Virgin Racing, like many businesses, was operating a number of disparate IT systems and needed a centralised ERP solution that could look after the entire lifecycle of the products and thousands of parts that we deal with. Offering a complete end-to-end business management system that can scale seamlessly to break down departmental and geographical silos, Sage ERP X3 will enable us to automate complex business processes and dramatically increase operational efficiencies. ”
Following go-live this month, the Sage solution will become the engine-room for Marussia Virgin Racing’s operations, from inception of part-master records all the way through to payment. Providing a central hub for business-critical information and offering rich and fully integrated functionality across multiple business functions and departments, the Sage platform provides a joined-up view of the enterprise and will serve to reduce the company’s costs and turnaround time and accelerate growth.
Lee continued: “In the fast-paced world of Formula 1 agility is mission critical, so speed of implementation was a fundamental success criterion for us. Thanks to the expertise and dedication of Sage’s team and the robustness of the technology, we are set to be up and running with the new solution in just three months.”
“Tools that increase productivity, transform levels of business insight and support growth are the key components to building a successful business in the current economic climate,” commented Bob Anderson, General Manager for Sage’s Enterprise Business. “There are few clearer demonstrations of the link between speed and success than in Formula 1, so the speed of integration and broad interoperability of our Sage ERP X3 solution was a real coup for Marussia Virgin Racing who will benefit from maximum scalability and performance over time.”
Sage ERP X3 enables its clients to transform and perform through technologies. 3,300 customers representing 165,000 users worldwide already chose Sage ERP X3 because it is easy to use, fast to deploy and cost effective. For more than 10 years Sage ERP X3 has been a proven and comprehensive ERP solution addressing mid-market company’s specific requirements and challenges in various industries from manufacturing, services to distribution and many more. Sage ERP X3 is present in 53 countries and counts a network of more than 1,500 Sage professionals and 200 partners in its ecosystem.
About Sage (UK) Limited
Sage (UK) Limited is a subsidiary of The Sage Group plc, a leading global supplier of business management software solutions and related products and services, principally for small to medium-sized enterprises. In the UK, Sage provides software and services to more than 800,000 businesses ranging from start-ups to large companies. This software ranges from accounts and ERP, HR and payroll, forecasting and business intelligence to customer relationship management, e-business and help for start-ups. Services include Excel Support, HR Advice, Health and Safety Advice and training courses. For further information, please visit www.sage.co.uk
About Marussia Virgin Racing
Marussia Virgin Racing is a young but ambitious Anglo-Russian team competing in the FIA Formula One World Championship. It entered the sport as Virgin Racing in 2010, beating off stiff competition from a number of contenders for one of only a handful of new team entries. The team was originally conceived by John Booth and Graeme Lowdon, whose Manor Motorsport operation in the North of England achieved unrivalled Formula 3 success and played a major role in the development of several of today’s great motor racing talents.
Together with the commercial firepower of Sir Richard Branson’s Virgin, one of the most recognised, respected and exciting brands in the world, they created a new racing team concept, capitalising upon F1’s new economic dawn and the Resource Restriction Agreement that had begun to redefine the sport. The team’s debut season was a tough test but this energetic and highly-motivated group of people proved that they were more than equal to the challenge. In November 2010, Russian sports car manufacturer Marussia, who had sponsored Virgin Racing throughout its debut season and witnessed at close quarters its true grit and enormous potential, acquired a significant shareholding in the team, thus securing its long-term future.
For further information, please contact:
T: +44 (0)207 869 5174
Marussia Virgin Racing PR:
Tracy Novak, PR & Communications Director
M: +44 (0)7590 964936