Boosting operational efficiency by Implementing Oracle NetSuite

The client uses multiple business applications to manage their day-to-day operations, including financials, procurement, order management, and assets. The existing system lacked functionalities like planning and forecasting and didn't integrate with other systems, such as procurement and order management. This restricted their ability to plan, forecast, and budget effectively for future growth.
They aimed to improve their Request-for-Quote (RFQ) for timely procurement at competitive prices through transparent bidding and evaluation. They wanted to synchronize website traffic for lead management, ensuring a seamless flow of information.
Finally, the client sought a standardized data perspective to eliminate uncertainty and ensure uniformity across all modules.

Our Oracle NetSuite Team successfully transitioned the client to NetSuite ERP, improving their financial processes. Key enhancements included Procure-to-Pay, Approval Workflows, Order-to-Cash, Lead Management, Journal Entries, Bank and Credit Card reconciliation, Fixed Assets Management, Inventory Management, and Master Data Management.
We established a unified Chart of Accounts with segmentations for seamless reporting and developed customized approval workflows with amount-based conditions for accurate routing.
NetSuite was integrated with their custom billing application for generating receivables and transferring data for report generation. An online form was integrated into the client's website for efficient lead management and conversion within NetSuite.
The new system provided a 360-degree data view and custom objects for enhanced data analysis.

Through a single application, the client gained a comprehensive view of their financial health. We seamlessly integrated their financial practices and processes with NetSuite features such as journal entries, bank and credit card reconciliations, and fixed asset management, eliminating 80% of manual processing.
Adopting Netsuite standards and industry best practices increased efficiency and productivity by 50%. Reliable financial reporting and streamlined business operations resulted in faster turnaround times, enhancing the overall customer experience.
The solution significantly streamlined the procurement process, increasing the productivity of the team that handles purchases and inventory management. Approval Workflows and the Request for Quote feature enhanced the client's control over their purchases and expenses.