Client Background
To The New is a digital technology company that specializes in digital transformation and product engineering services for Independent Software Vendors (ISVs), consumer internet companies, and large enterprises globally. The company focuses on designing and building digital platforms and products by leveraging cutting-edge Cloud and Data technologies.
Challenge
As To The New transitioned from QuickBooks to a more robust ERP solution, they faced several challenges:
- Discontinuation of QuickBooks support in India (March 2023).
- Inefficient PO creation and approval processes.
- Manual management of contracts and SOWs via Google Sheets.
- Lack of automation in Accounts Receivable (AR) and Accounts Payable (AP) tracking.
- Limited reporting and time-consuming consolidation of accounting data.
Solution Overview
To address the challenges faced by To The New, we implemented a comprehensive NetSuite solution that streamlined their financial processes and improved visibility across their operations. This included:
- Automated workflows for sales orders, POs, and invoicing.
- Streamlined financial reporting (GL, Balance Sheet, P&L, Cashflow).
- Maker-checker controls for improved transaction accuracy.
- Integration of GST compliance and e-invoicing.
- Unified document and email template system.
Key Outcomes
The implementation of NetSuite led to significant improvements in To The New’s operational efficiency and financial management:
- Unified System: Centralized operations with scalability for global expansion.
- Real-Time Insights: Enhanced visibility with real-time metrics.
- Efficiency Gains: Automated AR/AP processes and accelerated financial close.
- User-Friendly Experience: Simplified workflows with an intuitive interface.
- Future-Ready Platform: Foundation established for further process enhancements like Project Management.
By transitioning to NetSuite, To The New has optimized its financial processes, achieved operational efficiency, and is well-positioned for sustained growth and innovation.