Implemented a cloud-based ERP to provide for growth and visibility
Patent Management Firm
ERP Implementation, Integration & Multi-entity Accounting
Situation
- Client was growing through acquisitions with 19 entities that required separate reporting and had recently acquired a company overseas
- Inefficiencies existed throughout the organization through manual processes due to the limitations of QuickBooks
- Manual workflows significantly impacted business as visibility to critical data was limited
- Altruas helped the client evaluate and select the best ERP solution for their company size, number of users, and the complexity of their business
- The new system handles multi-company and multi-currency consolidation
- With operations in Europe and Asia, users can access the ERP from anywhere at any time
Solution
Benefits
- Controller gained ability to manage 19 entities in a single view and centralize their AP
- The company is better able to comply with multi-currency transactions in both the United States and European countries
- The company can confidently scale the business through new entities or acquisitions easily without adding complexity to their ERP system and reporting
