Panama Plastic Products, Inc.

Panama Boosts Performance with ComUnion

Quick Facts:

• Industry : Manufacturing
  Manufacturer of Plastic Wares (food packaging, various gift items, nursery feeds, furniture and promotional giveaways)
• Company Size : Small

Panama Plastic Products, Inc. was formally organized in June 1972 in Quezon City. The company’s main line of business is the manufacture of plastic kitchen wares. After a few years of operation, the company expanded its production capacity and diversified its product into food packaging, various gift items, nursery feeds, furniture and promotional giveaways. Through the years of being in operation, Panama is proud to note that they has already taken a substantial share in the market and has ably withstood any competition offered by the industry where it belong.

The Challenges

• Effective Handling of Information. To organize company’s information for seamless flow of daily transactions.
• Manage Inventory Effectively. Since Panama is a product-based company, monitoring of inventories is top of the line.
• Generate Accurate Financial Information.

The Solution

• Implementation. A full implementation of ComUnion System platform that includes: AR, AP, Inventory, and General Ledger Modules. ( With ComUnion, you‘ll maintain flexible control over costs, quantities, and inventory processes, with advanced inventory features like multiple cost methods and price levels, kits, serial number and lot number tracking, item allocation, inventory adjustments, and automatic increases and decreases to inventory based on item receipt and product sales.)

The Result

Panama received a powerfully integrated functionality for increasing production, improving business performance, and for managing all aspects of their business thru ComUnion. It also gave them the power to set and monitor financial goals, manage cash flow, and control spending with increased accuracy. They are now geared with a reliable system support as they move ahead towards achieving their corporate goal. It makes them more prepared as they take a greater share in the market or even take the place of the leader within their industry in the future. No need for them to be anxious anymore whether their existing system could cope up with growth since they now has a flexible business management solution they’ll never outgrow with. Thus, allows them stay in focus on realizing their mission.