The challenge
Due to its tremendous growth since its inception in 2020, Cerebral quickly out scaled its accounting system. High transaction volume, multiple source of data coming from external systems, siloed subsidiary financials and a lack of intercompany transaction management were all pain points that could not be solved with QuickBooks.
Solution
Implemented NetSuite’s OneWorld Financial First edition, completed integrations with their most used day-to-day systems (Bill.com and BREX), and set up SFTP connections for multiple bank accounts to automate bank statement imports and payment file transfers.
The Results
01. Go-live on schedule and on budget
02. Subsidiary financial data consolidated to single system
03. Streamlined banking process
