Challenge

Catalyst Secure’s fiscal functions needed additional support managing and classifying financial transactions from their varied clientele. An outdated accounting system couldn’t keep up with the number of services offered, industries served, and ESI hosted, which strained operations and led to disordered books and ledgers.

In the absence of automated financial reporting or computerized dashboards, the company spent a significant amount of time, effort, and money on manual activities in Excel attempting to produce accurate descriptions and complex calculations. As a result, executives were unable to generate real-time views of financials or maintain updated fiscal operations while the business was growing.

It was time to reimagine the company’s financial software and disentangle account data.

How We Helped

Our team of professionals built a customized solution for Catalyst Secure using NetSuite, one of the foremost cloud-based business software suites. The platform combines Professional Services Automation (PSA), Customer Relationship Management (CRM), eCommerce, Enterprise Resource Planning (ERP), and Financial Reporting, drawing on a single data source. This allowed the team to pull Catalyst Secure’s services and accounts into a unified, cloud-based platform that users could access from anywhere.

Implementing NetSuite gave Catalyst Secure the ability to view consolidated financial dashboards with real-time data updates for key metrics requested by the company’s management and its Board. This enabled them to better track the business’s funds, create projections, and make strategic plans.

Results

With the new system, Catalyst Secure employees and executives can now view and make decisions on their financials without the hassle of Excel spreadsheets. In addition, the company benefitted from:

  • Automated invoicing and accounting processes.
  • Greater finance transparency and accountability.
  • Seamless communication and collaboration between users, admins, and executives.
  • Flexibility and scalability to meet the demands of the company’s continued expansion.

Capitalizing on NetSuite’s innovative financial features, Catalyst Secure is poised to maximize the advantages of a holistic platform, including stronger people operations, data capabilities, and process architecture.