With 80 full-time employees and 100 full-time contractors, Ylopo (the last five letters of the word “monopoly” spelled backward) is a complete digital marketing solution for real estate agents and mortgage lenders. It serves up offerings on a subscription basis, has no direct competitors in its space, and provides a “middleware” that lies between an organization and its existing customer relationship management (CRM) solution.
With much success, Ylopo would eventually outgrow the QuickBooks solution that it had been using since its inception. The company also needed a more efficient and effective order-to-cash process that would replace its manually-intensive practices. “We had a part-time bookkeeper managing our QuickBooks environment,” said Christopher Soto, Chief Technology Officer at Ylopo. “We were using QuickBooks online, and she was processing charges manually using Stripe and then booking entries in QuickBooks.”
The manual processes not only took time to orchestrate, but they also prevented Ylopo from getting the financial reporting it needed for effective decision-making. “We were running everything through QuickBooks and one-off Excel spreadsheets, and manually through Stripe,” said Soto.
“Because we’re on NetSuite, it's been easy to scale, which will pave the way for our growth.” “We have long-term visions of how we will continue to expand our usage of NetSuite.”
Christopher Soto Chief Technology Officer, Ylopo“In a prior life I worked quite a bit with Oracle, and CTR (now AST) was there through most of those initial implementations and the addition of new modules,” he said. “We’ve had a good, long-standing relationship with CTR (now AST), which is always good about providing an unbiased opinion of which platform is the best fit.”
Ylopo has realized the following benefits with its Oracle NetSuite Implementation for Financial and Order-to-Cash processes:
Ylopo’s implementation of Oracle NetSuite, to replace QuickBooks and Excel, has eliminated order-to-cash challenges and improved financial oversight.
