Case STUDIES
Case Study: Multi-Country ERP Migration to NetSuite with Comprehensive Data Cleanup and Financial Reconciliation
Client Background
A growing SaaS company with operations in Germany, Denmark, and France, and an annual recurring revenue of $75M, partnered with Finance Wave Transformation Ltd. (FWT) to consolidate and migrate their financial systems to NetSuite. The company faced significant inefficiencies due to the use of multiple legacy systems across different regions, which resulted in fragmented financial data and inconsistent reporting.
The Challenge
The client’s financial operations relied on multiple legacy ERP systems, including:
- Scopevisio and DATEV in Germany
- E-conomic in Denmark
- Sage in France
This multi-system setup presented several challenges:
- Data Fragmentation: Disparate data structures and formats across the systems hindered consolidated reporting.
- Multi-Country Compliance: Each country had unique accounting standards (German GAAP, Danish regulations, French GAAP) that had to align with global IFRS reporting.
- Complex GL Mapping: Each system had its own General Ledger (GL) structure, requiring a comprehensive mapping to a unified chart of accounts in NetSuite.
- Tight Timeline: The migration had to be completed within four months to ensure seamless financial operations for the fiscal year-end.
The Solution
FWT executed a robust and well-coordinated plan to ensure a smooth migration of all legacy systems to NetSuite:
The Results
The migration delivered significant improvements for the client:
- Unified Financial Operations Consolidated P&L and Balance Sheet data across Germany, Denmark, and France, providing reliable insights and streamlined global reporting.
- Improved Efficiency Automated workflows in NetSuite reduced the month-end close process by 35%.
- Enhanced Compliance Ensured adherence to German GAAP, Danish regulations, and French GAAP while meeting IFRS standards for global reporting.
- Clean and Consistent Data Eliminated discrepancies and inconsistencies, creating a solid foundation for future growth.
- Seamless Transition Finance teams in all regions quickly adapted to NetSuite with the help of localized training and ongoing support.
Client Testimonial
Proposal for Multi Country ERP Migration
Working with Finance Wave Transformation Ltd. was transformative for our financial operations in Denmark. They expertly handled the migration of our legacy systems into NetSuite, ensuring full compliance with Danish financial regulations and global standards.
Their meticulous approach to data cleanup, reconciliation, and training significantly improved our processes, reducing our month-end close time by 35%. The team’s deep understanding of local tax and reporting requirements made the transition smooth and efficient. The project was delivered on time, and their ongoing support ensured we were fully equipped to leverage NetSuite’s capabilities.
I highly recommend FWT for any ERP migration, especially for businesses operating in Europe, especially in Germany, Denmark, and France.
Senior Accountant Denmark, M. Raheel Shamim
Key Takeaways
This successful multi-system, multi-country migration demonstrates FWT’s ability to:
- Manage complex ERP transitions across diverse regions and legacy systems.
- Deliver accurate financial reporting through rigorous reconciliation and standardized data structures.
- Ensure compliance with country-specific regulations while maintaining global alignment with IFRS.
Looking to migrate multiple legacy systems to NetSuite? Contact Finance Wave Transformation Ltd. today and let us simplify your transition to a unified, scalable ERP system.