Construction Supply Company Sees Operational Benefits & Efficiency Gains After NetSuite Reconfiguration

Using tablet pc, Consultant between bookkeepers and accounting lawyer consultation about asset, balance sheet, stock market statistics and yearly tax law,

Before Bridgepoint:

Misconfigured NetSuite environment
Lack of visibility into finance & inventory management
Lack of in-house resources and NetSuite expertise

After Bridgepoint:

Comprehensive NetSuite solution
More real-time visibility and efficiency

Project Overview

A prominent faced significant issues with a prior NetSuite implementation and engaged the Bridgepoint FiT for NetSuite team to optimize their configuration, streamline business processes, and enhance data accuracy.

Business Challenge

Due to a poorly implemented NetSuite environment, In addition, they lacked a dedicated NetSuite resource and operated with a lean team, rendering them unable to successfully rework and optimize NetSuite.

Approach

Our team began with a comprehensive assessment to identify gaps and areas for improvement within the client’s current NetSuite configuration

Next, we developed a detailed re-implementation plan with the following solutions:

Configuration Adjustments: Updated the Chart of Accounts (COA) and revised vendor and customer records to better fit the client’s business processes.
Data Migration: Corrected initial data imports and migrated opening transactions.
Functionality Enhancements: Added new functionalities around Order to Cash (O2C), Banking, and Inventory Management.
Training: Provided comprehensive training to staff on new processes and system functionalities.

Lastly, we successfully executed the go-live process for the client’s new NetSuite environment and provided post-implementation support to ensure a smooth transition.

Results

By addressing the gaps in the initial implementation and optimizing NetSuite, Bridgepoint’s FiT for NetSuite team has significantly improved the client’s operational efficiency and financial management capabilities.

After a successful go-live, the client also experienced additional benefits, including:

Efficiency Gains: The streamlined processes reduced manual efforts, improved data accuracy, and facilitated smoother business operations.
Operational Benefits: The client can now conduct business with enhanced efficiency and accuracy, benefiting from the full capabilities of NetSuite

Services Provided