Murray Goulburn Co-Operative Expands Finance Options for Australian Dairy Farmers With SAP® Loans Management
SAP NEWSBYTE . - Murray Goulburn Co-operative Co. Limited (MGC), Australia’s largest dairy company wholly owned by dairy farmers, has transformed its loan management systems with SAP® software in just three months. The new system has increased MGC’s data clarity, accuracy, and transparency – putting the company in a unique position to offer more financing opportunities that will support its farmers with short-term funding needs.
According to MGC, the SAP® Loans Management application was a wise investment given the recent economic situation, specifically the falling international prices for dairy products. For MGC, it was important that software tools were in place to support increased demand. With the new system, MGC can offer its members low interest and flexible loan options. Loans are re-paid by the proceeds from the members’ future milk production. The new software from SAP has improved reporting capabilities and audit processes and helped increase the funding opportunities that the dairy company can offer to its members.
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