Founded in 1947, Aceto Corporation is a global leader in the importing and distribution of over 1,100 chemically derived pharmaceuticals, biopharmaceuticals, specialty chemicals, and agrochemicals used principally as raw materials in the pharmaceutical, human health, agricultural, color, and surface coating and printing industries.
Aceto had been operating on a legacy system that was antiquated and lacked integration. Already subject to a myriad of U.S. government regulations, including MSDS requirements for the handling of hazardous materials, and intense scrutiny by the FDA, the company faced new demands stemming from the Bioterrorism Act and the Customs Trade-Partnership Against Terrorism (CT-PAT) program, as well as the enactment of the Sarbanes-Oxley Act.
After reviewing presentations from six companies, Aceto selected Sage X3 because it was the best fit for the size, scope, and complexity of the project. Sage X3 provides a complete array of industry-specific functionality required by chemical companies, including the management of formulas, certificates of analysis, potency, by-products, multiple packaging units per product, shelf life, lot control and traceability, specific gravity, and weight calculations.
With Sage X3, Aceto’s business processes are streamlined and automated. The company is finding it easier to comply with the financial reporting responsibilities placed on publicly-traded companies. The company is better able to manage its inventory, track foreign exchange costs, and control credit and order approvals.