Automating finance operations in a high-volume world.
The Challenge
Network Connex was reliant on duplicative, time consuming, and error prone processes to appropriately account for their telecommunications engineering business. This was due to a reliance on multiple project management tools and manual data entry into their legacy ERP system, Deltek Vision. To address this, the team identified two key objectives: standardizing project management processes and migrating to an integration and automation friendly ERP, Oracle NetSuite.
The Process
Network Connex partnered with Equify Advisors (a NetSuite Alliance Partner) and Sitetracker to design a complete end-to-end optimization of their processes across all business functions. NetSuite, acting as the central hub for their new ecosystem, was fully utilized to link and automate processes across all finance, accounting, operations, HR, and sales functions.
The team executed on the following process to design and implement a complete solution:
Perform discovery to appropriately document all legacy business processes, data elements, and existing challenges.
Design a NetSuite solution to appropriately satisfy all business requirements while making sure we are not just replicating the mistakes of the past.
Design the Sitetracker to NetSuite integration. Leveraging real-time trigger-based data feeds to automatically create PO’s, recognize revenue, and trigger invoice creation in NetSuite based on activity happening in the field.
Execute on the design and appropriately develop the system and migrate all master data and financial data elements from the legacy system.
Facilitate extensive training and testing with the users of the new system.
Go-Live and provide appropriate “hypercare” level support.
The Solution
The Impact
Goal | Solution | Impact |
Harmonize Business Processes | Both operations and accounting processes standardized | Reduction of business complexity |
Enhanced control of project expenses | Introduction of purchase orders and approval workflow | Greater visibility and control of 3rd party expense requests |
Introduce scalability | Integration with project management system (SiteTracker) | Optimization of Order to Cash process increases capacity for back office without need to augment staffing as business grows |
Improved Reporting | Configuration of profitability segments and project profitability | Financial reporting to report performance across Markets + Service Lines. Project profitability available to support decision making on pricing and ops efficiencies. |
Consolidate ERP footprint | ERP Migration | Cost savings from legacy ERP |
The Results
The successful implementation of NetSuite and the integration to Sitetracker has set up Network Connex and their telecommunications engineering business up for long-term success. As operations continues to expand, they now have the ability to appropriately achieve scale as an industry leading firm.
Learn More
If you are thinking about a new ERP or integration with your project management platform, our team at Equify Advisors has deep experience with these initiatives. Equify Advisors is a NetSuite Alliance Partner and has certified experts within the technology. Set some time with us to learn more on our website at equifyadvisors.com/netsuite.
Author:
Michael Brady - Director, Financial Integrations
NetSuite Certified SuiteFoundation
NetSuite Certified ERP Consultant
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