Laying the Foundation: Comprehensive ERP Assessment for Optimized Digital Commerce Operations
Laying the Foundation: Comprehensive ERP Assessment for Optimized Digital Commerce Operations
Background / Problem
Background / Problem
Unilog, founded in 1998 and headquartered in Wayne, PA, is a leader in connected product content and commerce. Their platform, content, and connectivity solutions help distributors, manufacturers, and wholesalers thrive in the digital world. Despite using NetSuite for two years, the company’s stakeholders felt that the system was not being fully optimized. They sought an in-depth assessment of their current NetSuite ERP setup and identified gaps and missed configurations across key business areas, including:
- Purchase and Sales processes.
- Finance, AR, AP, Indian and US tax compliance.
- Revenue recognition, cash flow management, and budgeting.
- Fixed assets management and MIS reporting
Victrix Solution
Victrix Solution
Victrix Systems & Labs conducted a thorough ERP assessment for Unilog to understand their business processes. Over the course of three weeks, Victrix met with process owners across various departments to understand workflows, pain points, and areas where manual work consumed excessive time. The assessment focused on improving the efficiency of the following processes:
- Purchase and Sales processes, ensuring accurate transaction management.
- Finance, focusing on accounts receivable/payable, and reconciliation.
- Tax compliance for both India GST and US tax systems.
- Revenue recognition and cash flow management to enhance financial visibility.
The end result was a comprehensive Business Understanding and Recommendation Document (BURD), detailing Victrix’s recommendations for optimizing NetSuite usage.
