Discover the latest software purchases and digital transformation initiatives being undertaken by Standard Motor Products and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 5000 Standard Motor Products employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Standard Motor Products has purchased the following applications: Kyriba Treasury for Treasury Management in 2017, Microsoft Power BI for Analytics and BI in 2015, FIS GETPAID for AR Automation in 2014 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Standard Motor Products is running and its propensity to invest more and deepen its relationship with Kyriba , Microsoft , FIS Global or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Standard Motor Products revenues, which have grown to $1.30 billion in 2023, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Standard Motor Products intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
About the Customer
Established in 1919, Standard Motor Products is a leading independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket, heavy duty, industrial equipment, original equipment manufacturer, and original equipment service markets. SMP supplies warehouse distributors, large retail chains, original equipment manufacturers and original equipment service part operations with high quality replacement parts for engine management ignition, emission and fuel systems as well as temperature control air conditioning and heating products in the United States, Canada, Latin America, and Europe.
Scope and Challenges
Standard Motor Products, Inc. was looking for a progressive approach to cash management, and look forward to a product which can automatize the rigors of daily cash positions so Standard Motor Products team can focus on higher level tasks.
Standard Motor Products, Inc. selected Kyriba to automate its cash management operations, create a single source of information and data archive with the added benefit of reducing paper, a green initiative for the organization.
Outcome and Implications
After a detailed research process for a treasury management solution, Standard Motor Products, Inc. realized that Kyriba’s modular SaaS offering combined with their reputation for excellent customer service was best aligned to their requirements.
Automation adds security and reduces manual tasks, which creates operational advantages for organizations such as Standard Motor Products and others who have high transaction volumes. Kyriba is seeing more organizations turn to the cloud to reduce paper storage as part of their green initiatives.
Quotes
“We are taking a progressive approach to cash management, and look forward to automating the rigors of daily cash positions with Kyriba so our team can focus on higher level tasks. After a detailed research process for a treasury management solution, we realized Kyriba’s modular SaaS offering combined with their reputation for excellent customer service was best aligned to our requirements.” said James J. Burke, Executive Vice President Finance and Chief Financial Officer, Standard Motor Products.
| Vendor | Old Product | New Product | Category | Market | VAR/SI | When | Live |
|---|---|---|---|---|---|---|---|
| Microsoft | Legacy Apps | Microsoft Power BI | Analytics and BI | Analytics and BI | n/a | 2015 | 2018 |
| Subscribe | Subscribe | Subscribe | Collaboration | Collaboration | Subscribe | 2018 | 2018 |
| Subscribe | Subscribe | Subscribe | Collaboration | Collaboration | Subscribe | 2020 | 2020 |
| Subscribe | Subscribe | Subscribe | Audio Video and Web Conferencing | Collaboration | Subscribe | 2021 | 2021 |
| Subscribe | Subscribe | Subscribe | Web Content Management | Content Management | Subscribe | 2011 | 2011 |
| Subscribe | Subscribe | Subscribe | Marketing Automation | CRM | Subscribe | 2016 | 2016 |
| Subscribe | Subscribe | Subscribe | Marketing Automation | CRM | Subscribe | 2018 | 2018 |
| Subscribe | Subscribe | Subscribe | AR Automation | ERP Financial Management | Subscribe | 2014 | 2014 |
| Subscribe | Subscribe | Subscribe | Treasury Management | TRM | Subscribe | 2017 | 2017 |
| Subscribe | Subscribe | Subscribe | Governance, Risk and Compliance | TRM | Subscribe | 2021 | 2021 |
| Vendor | Old Product | New Product | Category | Market | VAR/SI | When | Live |
|---|---|---|---|---|---|---|---|
| Microsoft | Legacy Apps | Microsoft Azure Cloud Services | Application Hosting and Computing Services | IaaS | n/a | 2016 | 2016 |
| Subscribe | Subscribe | Subscribe | Content Delivery Network | IaaS | Subscribe | 2016 | 2016 |
| Subscribe | Subscribe | Subscribe | Secure Email Gateways (SEGs) | IaaS | Subscribe | 2013 | 2013 |
| First Name | Last Name | Title | Phone | |
|---|---|---|---|---|
| Subscribe | Subscribe | COO | Subscribe | Subscribe |
| Subscribe | Subscribe | Corporate Director of Finanicial Planning, Reporting & Analysis | Subscribe | Subscribe |
| Subscribe | Subscribe | Business Intelligence, Reporting, and IT Compliance Manager | Subscribe | Subscribe |
| Subscribe | Subscribe | IT Compliance Manager | Subscribe | Subscribe |
| Subscribe | Subscribe | Director of Pricing and Marketing Data | Subscribe | Subscribe |
| Subscribe | Subscribe | Controller | Subscribe | Subscribe |
| Subscribe | Subscribe | Treasurer | Subscribe | Subscribe |
| Subscribe | Subscribe | VP Finance - Engine Management | Subscribe | Subscribe |
| Subscribe | Subscribe | Chief Accounting Officer | Subscribe | Subscribe |
| Subscribe | Subscribe | Manager Financial Planning Reporting | Subscribe | Subscribe |
| Subscribe | Subscribe | Vice President Information Technology & Chief Information Officer | Subscribe | Subscribe |
| Subscribe | Subscribe | Vice President Human Resources | Subscribe | Subscribe |
| Subscribe | Subscribe | Senior Corporate Director, Human Resources | Subscribe | Subscribe |
| Subscribe | Subscribe | Credit and Collections Manager | Subscribe | Subscribe |
| Subscribe | Subscribe | Accounts Receivable Supervisor | Subscribe | Subscribe |
| Subscribe | Subscribe | Director, Chief Executive Officer & President | Subscribe | Subscribe |