International Growth Drives Need for More Control
Our client had historically used a popular mid-market ERP platform that was not designed to meet the needs of larger multi-national organizations, and was not built with the needs of a professional services organization in mind. This led to a number of manual processes and disconnected spreadsheets that were used to manage client contracts, billing and global financial reporting processes.
In addition, changes to global revenue recognition and compliance standards, such as ASC 606 and IFRS 15, required our client to implement new measures to improve financial controls. As a result, this organization embarked on an ERP replacement project to find a platform that would improve controls and visibility across their global business.
A Proven Next Generation Global Business Platform
SAGlobal worked with our client to implement the Microsoft Dynamics 365 for Finance and Operations cloud-based ERP platform. Dynamics 365 is a native Microsoft Azure cloud service that leverages the best of the Microsoft cloud to drive productivity and insights throughout your organization.
Dynamics 365 is now used to manage the organization’s global financial management practices, as well as key project and contract accounting, billing, and revenue management processes. SAGlobal also deployed their Projects+ industry solution for Dynamics 365, which extends native Dynamics 365 capabilities to provide a best-in-class cloud ERP platform for professional services organizations.
Through the implementation of Microsoft Dynamics 365, our client has been able to:
- Streamline and standardize global financial management practices and controls
- Improve the financial and operational management of client-facing contracts and projects to support decision making throughout the client engagement and solution delivery lifecycle
- Accelerate the financial close process to provide more timely information to key stakeholders across the business