When a leading global retailer in the health and wellness industry experienced challenges in gathering and accessing information, they needed help creating a single source of truth in order to make better strategic and operational decisions. Internal data was dispersed across various different sources and was only available to a few high-level executives in the company. That made it very difficult for others within the organization to get their questions answered on time, if at all.
FinTech companies are constantly monitored and under pressure to meet compliance standards, to operate globally in multiple currencies as they scale and grow — all while having clear visibility of your financial data. Many of our customers leverage on-premise, home-grown solutions, or use software such as QuickBooks or Excel. However, investing in the right technology is crucial for success. There will always be constant demand to meet regulatory compliance and have the technology adapt in order to scale for growth.
Distributors have to think about scaling up, strategically expanding their product offering, and increasing their sales, while retaining their customer base to an ever-evolving client-driven market. Learn how Sphere helped one company streamline their operations with NetSuite.
As mentioned earlier, because law firms accept retainers, this, at times, can pose risks and perplexed manual interventions in current accounting systems. At times, revenue is recognized at a future date, long after you have accepted a retainer. Because these transactions are paid in advance and may be related to future expenses that will occur when legal services are delivered, reconciling everything can be a nightmare.
Professional services companies search for an ERP system with automated processes, one that can accommodate their need for increase of projects and transactions, but also, a system that is built for scale. Sphere helped one company automate, scale and streamline operations with NetSuite.
Given the nature of the transaction (Carve-Out), the seller(parent company) retained all of its business infrastructure including all of the core business applications such as ERP, CRM, PSA, Web, HR, Ecommerce, data warehouse, analytics and intranet. The seller company agreed to provide 6-months of support for the new entity to completely transition and rollout its own set of applications.