This leading global energy company specializes in designing and implementing customized solar systems. With a robust business model, the company processes over 200 solar installations monthly, contributing significantly to the renewable energy landscape. However, as the company experienced rapid growth, it became apparent that its existing financial management system, QuickBooks, was insufficient to handle the complexities of its expanding operations.
The absence of Project Management, Revenue Recognition, and Inventory capabilities posed substantial challenges for a company dealing with numerous installations and custom-designed solar solutions. The client’s reliance on custom applications alongside accounting and worksheets created inefficiencies, particularly in the areas of revenue recognition and fixed asset management.
Recognizing the limitations of its existing system, the client tapped AST (formerly CTR) to implement a comprehensive business solution that could address these specific needs:
We are extremely pleased to have collaborated with this client on their migration from QuickBooks to NetSuite. The business results they are seeing from this transformational project are phenomenal.”
Connor Sheehey Senior Director of Sales at ASTAST has significantly enhanced the client’s project accounting and billing processes through the seamless migration to NetSuite. This transition has effectively streamlined and automated cost tracking, billing, and revenue recognition, resulting in notable reductions in risk and cost while concurrently improving employee and customer satisfaction.
The implemented system maintains a meticulous audit trail for each event, ensuring the client’s adherence to regulatory compliance requirements, particularly under ASC 606. Furthermore, AST has extended the capabilities of NetSuite by adding cost matching for inventory items to Revenue Recognition.
The client now enjoys the following benefits:
AST’s expertise in modernizing financial operations with NetSuite has delivered streamlined and automated cost tracking, billing, and revenue recognition, as well as risk and cost reduction and improved employee and customer satisfaction.
