Data sharing helps producer increase cash flow by 65%
Cibao Meat Products is unlocking data from a centralised hub to generate insights ten times faster using work management software.
The 50+ year Hispanic-styled meats company tapped into Slingshot’s data driven work management platform from software company Infragistics, to bring data to the centre of its business.
The family company, now in its third-generation of leadership, has been working with Slingshot since October 2023 to bring together all of its organisational data into one central location.
With all of its data in one place, Cibao Meat Products has accelerated the rate of its data reporting tenfold, enabling teams to seamlessly integrate data insights into their everyday tasks, drive better decisions, and increase cash flow by up to 65% as a result.
Even with this expansion, Cibao Meat Products has stayed true to the first generation’s traditional values and processes, maintaining a family environment within the workplace. Along with keeping those traditions to create its food however, Cibao Meat Products – like many other multi-generational businesses– also was still relying on the mostly manual processes that started the company.
When Cibao Meat Products set out to modernise these practices, it looked to Slingshot to compile its data from multiple sources into one central hub accessible to every employee. Because the company still relied heavily on legacy processes, Cibao Meat Products’ company and customer data was siloed throughout departments from sales to manufacturing to accounting.
Teams were manually gathering this data and creating reports on a weekly or bi-weekly basis which prevented real-time visibility into business critical options. Not to mention, these more administrative tasks took hours of teams’ time.
With Slingshot, Cibao Meat Products has now enhanced data transparency across the company, allowing the team to easily derive meaning from it to put into action.
Employees can now create reports within minutes, eliminating the biweekly reports in favour of daily assessments and unlocking insights needed to make critical decisions ten times faster than before – saving 120 hours a month. For example, with real-time access to its customer payments data the company’s accounts receivable team was able to notice any discrepancies or pending payments in real time. This allowed the team to check in with customers as quickly as they saw an issue, increasing their cash flow by $40,000 a week on average.
“As a third generation leader of a multi-generational company, I put an emphasis on bringing our business into the digital future and utilising technologies that will help propel success. Slingshot has been instrumental in establishing a faster rhythm for our business and driving growth,” said Heinz Vieluf Jr, president of Cibao Meat Products. “We are now able to see the full picture of our data across the organisation in real time, informing strategy and speeding up decisions and communications, something that’s critical in a customer facing industry. We’ve transformed how our teams work, productivity is up, and employees and customers alike are happier.”
With teams saving hours each week on reporting, Cibao Meat Products is also able to concentrate on higher value tasks, specifically those directly serving consumers.
Employees have more time to connect one on one with customers and develop relationships, instead of getting held up in the backend. This has additionally allowed the team to focus on new marketing efforts and promotions, not only driving up customer satisfaction, but also helping to grow existing customer relationships and develop new ones.
“We created Slingshot to bring together data that has traditionally been spread across departments into one completely accessible space so that companies can better drive productivity, insights, and ultimately business results,” said Dean Guida, founder of Slingshot. “By bringing its data into a central location, Cibao Meat Products has unlocked insights that have allowed them to move strategically and at a faster pace, strengthening the company’s bottom line.”
