This case study is designed to provide a demonstration of inoday’s expertise in helping a financial services provider get NetSuite licenses in 2024.
Pertaining to the Finance industry, this business is unable to adopt & implement NetSuite ERP as they were unaware of which licensing model to choose.
A mid-cap financial services provider in India providing its services in loans to SMEs and investment advice in Mutual Funds, Stocks, and ETFs.
They have been working since 2011 across India and have both online and offline presence. Also, they provide cost-effective services to DIIs and Retail Investors to invest in the stock exchanges in India.
The finance services provider was in a predicament as they were using legacy ERP available on-premises. It posed a greater challenge for them as they were not able to face today’s rising challenges. Moreover, they didn’t know anything about NetSuite licensing, so making the decision to leave the current ERP and move to NetSuite ERP was difficult.
The finance services provider explored available options and chose inoday, a NetSuite Channel Partner. The team inoday assesses the business model and business requirements to advise on the best NetSuite ERP licenses per user. Being the channel partner, inoday issued licenses to the business so its users can adapt to NetSuite. Here are a few positive points of NetSuite ERP implemented after the license was issued:
inoday followed industry best practices to issue licenses and migrate ERP from on-premises to NetSuite cloud. It helped the business to maximize its ROI (as shown in the chart below). At present, the operations and finance team of the finance service provider don’t need to spend hours juggling between spreadsheets as the data is unified and being processed using AI embedded across the NetSuite ecosystem.
