Case Study - UST, Inc.
Industry: Tobacco Products
Employees: 5,100
The Company
UST Inc. is a holding company with a market capitalization of more than $6.5 billion,
revenue of $1.8 billion, and net earnings exceeding $530 million. The company's
primary businesses manufacture and market moist smokeless tobacco products and premium
wines through U.S. Smokeless Tobacco Company (USSTC) and International Wine & Spirits
Ltd. (IWS). A publicly held company, its shares are traded on the New York Stock
Exchange under the ticker symbol: UST.
The Challenge
UST had an email-based change management program it had created internally and which
had served the company well for several years. With the passage of the Sarbanes-Oxley
Act (SOX), however, it was clear that a new program would be needed going forward.
SOX is the Public Company Accounting Reform and Investor Protection Act of 2002
that was approved by Congress in response to high-profile business failures, in
order to reinforce investor confidence and protect investors. The Act is aimed at
improving the accuracy and reliability of corporate disclosure. That, in turn, requires
many companies, like UST Inc., to adopt a more efficient and reliable system to
enable them to demonstrate compliance to auditors.
The SunView Software Solution
SunView prepared a customized version of a system to meet UST's requirements and
presented it onsite - even before the sale had been finalized. As soon as necessary
changes in the design configuration were made to meet the company's unique needs,
SunView had someone fly to UST that same day and install the solution, thereby making
the system operational literally within hours. By using the "best practices" IT
framework and providing UST with what it needed, SunView demonstrated its commitment
to service, and to delivering comprehensive solutions that transform IT change management
from manual and labor-intensive to simple and streamlined.
The Results
As a result of deploying SunView's ChangeGear software, UST has seen an enormous
savings in the number of man-hours involved in producing data for auditors. An audit
that had typically taken up to several weeks to complete under the previous method
was completed in one hour using ChangeGear. UST credits the product with doing all
it promised to do, with the added bonus of having a SunView support team that is
both resourceful and responsive.