July 23, 2014 4:50 PM ET

Internet Software and Services

Company Overview of Serus Corporation

Company Overview

Serus Corporation provides intelligent operations management solutions for companies with distributed or outsourced manufacturing operations. The company offers B2B on-demand software products, including Global Master Process Data Management system, which enables to manage part, assembly, and process master data; Serus Global HUB, which provides open standard based connectivity, and connects directly to multiple sites and systems across internal enterprise systems and distributed manufacturing and distribution sites/systems; Global Execution System, which provides a federated view of current and historical inventory and manufacturing data from raw material to order fulfillment; and Global Ex...

785 North Mary Avenue

Suite 100

Sunnyvale, CA 94085

United States

Founded in 2001

Phone:

408-716-6200

Fax:

408-716-6212

Key Executives for Serus Corporation

Chief Executive Officer
Senior Vice President of Finance & Operations
Chief Technology Officer and General Manager of Enterprise Solutions
Senior Vice President
Senior Vice President of Products and Engineering
Age: 42
Compensation as of Fiscal Year 2014.

Serus Corporation Key Developments

Serus Releases Serus Analytics

SERUS announced the release of SERUS Analytics, an operations analytic solution to provide users with actionable insights about their external manufacturing operations. SERUS' customers will now be able to make faster and better decisions based on near 'real time' insights derived from large volume of manufacturing and supply chain transactional data. The new capability announced includes operations performance analytics, executive dashboards (both Web and Mobile) and predictive analytics.

SERUS Launches Supplier Network-First Solution to Enable Seamless Collaboration

SERUS launched the SERUS Supplier Network. Based on the success of SERUS' powerful solution for brand owners needing precision management of their extended supply chain, SERUS is enhancing and launching a public version of the network to provide brand owners with a secure and structured way of connecting and collaborating with their manufacturing service providers and other suppliers. This will provide brand owners and all supply partners - regardless of their levels of IT sophistication - with a cloud based solution to track work and resolve problems in real time and to identify, contact and negotiate with potential new suppliers, using structured and unstructured collaboration capabilities. The end result will improve performance of all network partners through more timely, accurate sharing of information. SERUS Supplier Network delivers capabilities in three areas: Connect - The new Business Connect capabilities powers relationship-building activities in a social network style. Collaborate - In addition to sharing data operational in real time, SERUS also tracks actual conversations and discussion forums through a single portal - or social network - rather than scattering these 'chats' over email and phone interactions. Act - brand owners and suppliers use SERUS to leverage planning and detailed, real-time operational data to sense and detect potential issues, averting problems when possible, and quickly implementing workarounds when necessary.

SERUS Releases SERUS Contract Compliance

SERUS announced the release of SERUS Contract Compliance, a new solution that will automate the tracking, review and validation process for all service invoices processed by high tech companies with outsourced manufacturing. This solution will not only reduce the outsourcing spend significantly but will also provide meaningful productivity gains for the procurement and operations organizations within semiconductor companies. The company early customers are already benefiting from $10 million to $20 million in annual savings from the use of the solution. Traditional ERP systems were not built to fill the needs of contract validation requirements for organizations with complex outsourced manufacturing environments. Too often, these companies face duplicate payments, overpayments due to uncertainty of services performed, as well as overcharging of products and services due to supplier errors or omissions. Attempts by manufacturers to implement more stringent auditing procedures have simply resulted in higher auditing costs, with few concrete improvements. SERUS Contract Compliance now automates the entire cycle, from issue of invoice, contract review, validation of services, receipt of goods and payment. This eliminates manual efforts otherwise used to perform three-way match of the purchase order, invoice and receipt. The company platform gives brand owners precision management of their extended supply chain networks, providing consistent and timely communications and connectivity with their manufacturing and distribution service providers. The SERUS Contract Compliance solution is a new capability, built on the foundation of the platform's support for granular supply chain visibility, along with its unified data model. Only the company solution is able to calculate payment charges based on work performed at partner sites, and comparing against the contract terms and invoices submitted. Mismatches or other items outside determined thresholds are flagged, ensuring service providers base invoices on stated requirements and work performed, creating closed-loop contract compliance.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 4, 2014
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