Unlock Faster, Smarter Financial Management with NetSuite
Overview
A leading India’s leading payments and API banking company partnered with ACL Digital to implement NetSuite, streamlining financial management and enabling real-time visibility across global entities.
Download Case Study
Challenges
Managing complex financial transactions amid rapid business growth
Migrating historical financial data and ensuring a seamless transition from legacy accounting systems
Lack of global visibility of financial data for the US and India
Solutions
- Streamlined financial processes, including general ledger, accounts payable and receivable, budgeting, and financial reporting.
- Digitized the order-to-cash process by streamlining sales order management, inventory allocation, order fulfillment, and shipping.
- Implemented NetSuite OneWorld to manage financial processes for India and the US, including tax setups for India (GST, TDS, Indian GAAP) and US GAAP.
- Integrated with the legacy system, ClearTax, and HDFC Bank.
Outcomes
- Financial data is now visible in real-time, reducing manual consolidation efforts by 30%
- AR collections team effort reduced by 70% with automated dunning
- Tax calculations are now 100% automated
- Bank reconciliation efforts were reduced by 45%
