CHALLENGE

A middle market private equity company recently acquired a lower middle market OEM manufacturer. In conjunction with the new interim CFO, ETONIEN was asked to support the implementation of Oracle NetSuite ERP and a new WMS for the warehouse.

OUR ROLE

• Faster and more frequent accounting close
• Scaling of inventory control processes and procedures
• Achieve stronger financial data in order to negotiate better payment terms and delivery times with suppliers
• Automation of financial workflows and improved reporting
• Automation of warehouse flows and reduced SG&A overhead in their distribution network

SOLUTIONS

• Presented an urgent and time sensitive technology road mapping assessment
• Scaled & organized a team of highly capable resources to design, test and deploy workflows
• Organized & facilitated conversations between portfolio company leadership and external software developers and consultants
• Assisted in negotiating implementation rates, capabilities and services needed from software providers
• Deployed physical and scalable business processes to assist in the adoption of technology and ensure no revenue is impacted
• Conducted Hypercare activities to ensure all integrations and deployment was successful

OUTCOME

• 60% reduction in monthly close time
• Improved financial statement accuracy by 30% in 6 months
• Reduced warehouse overhead by 20% within a year