Managing financial operations across multiple countries with differing currencies, languages, and regulatory standards can be challenging. For one $20M multinational company, outdated tools like QuickBooks Desktop couldn't keep up with their growth and complexity. By leveraging NetSuite ERP, they achieved real-time financial consolidation, streamlined compliance, and set the stage for seamless scalability. Here’s how they did it—and how your business can too.
The Challenges of Outdated Systems
The company faced several hurdles in managing its global operations:
Consolidate Financial Data in Real-Time: Across five countries with different currencies, languages, and accounting standards.
Streamline Reporting: Aligning with US GAAP and other regulatory standards.
Enhance Scalability: To support their rapid growth and complex operational requirements.
How NetSuite ERP Made the Difference
NetSuite ERP provided an all-in-one cloud solution to centralize and optimize their operations.
Here's a closer look at the technical capabilities that drove their transformation:
Unified Global Financial Management: Real-time multi-currency and multi-language support, automated consolidation across subsidiaries and geographies, Customizable dashboards for real-time visibility into financial performance.
Compliance Automation: Built-in tools for US GAAP adherence and other regulatory frameworks, automated tax calculations and audit trails for hassle-free reporting.
Customizable Reporting & Analytics: Advanced business intelligence (BI) for real-time reporting, drill-down capabilities to analyze key metrics across departments.
Scalability: Cloud-native platform to support rapid business growth, seamless integration with other business applications like Salesforce and Shopify.
Accelerating Implementation & Saving on Licensing
To maximize ROI, the company adopted leading practices during implementation, reducing the deployment timeline by several months. By engaging expert partners, they also secured 40-70% savings on NetSuite licensing costs, proving that digital transformation can be both efficient and cost-effective.
Industries That Can Benefit from NetSuite ERP
This case study isn’t limited to one type of business. NetSuite ERP serves a wide range of industries, including:
Professional Services: Automate resource allocation and billing for streamlined project delivery.
Healthcare: Simplify compliance and patient data management while optimizing financial operations.
Manufacturing: Gain control over production, inventory, and supply chain workflows.
Private Equity & M&A: Expedite financial consolidation and due diligence with real-time insights.
Why Choose Code Merit for Your NetSuite Implementation?
At Code Merit, we specialize in NetSuite ERP implementation and optimization. Here’s how we can help:
Expert Consulting: Tailored solutions for your unique business challenges.
Seamless Implementation: Minimize downtime and disruptions with proven methodologies.
Cost Savings: Leverage our expertise to secure significant savings on licensing and deployment.
Ongoing Support: Ensure your system evolves with your business through continuous updates and training
Ready to Transform Your Business?
If your business is struggling with outdated tools or navigating global complexities, NetSuite ERP is your answer. Let Code Merit guide you in unlocking the full potential of NetSuite to achieve operational excellence and fuel your growth.
Contact us today to schedule a free consultation or request a personalized demo. Don’t just adapt to change—lead it with NetSuite ERP.
