smartTrade Technologies

Consolidate cash flows across worldwide subsidiaries with different currencies and charts of accounts
Implemented robust and automated process to translate financial statements
Positioned the company for growth by providing a scalable ERP solution that is accessible by all stakeholders

"As software developers, we found Acumatica’s technology to be elegant, adaptable, and stable. In the era of cloud computing, you do not want to select technology that is decades old."

Auri Kostama, Head of Finance & Administration

Challenges

ERP Solution

Outcome

Challenges

smartTrade Technologies needed:

Solid Accounts Payable and General Ledger capabilities
Easy integration with existing business requirements for their next ERP

ERP Solution

Being a software developer itself, smartTrade Technologies considered building an in-house financial solution that would support multiple entity and currency scenarios.

However, preferring to concentrate its resources on their core business and benefit from current best practices, smartTrade Technologies decided to research existing commercial solutions. Preference was given for a SaaS model that required no internal resources for maintenance. Acumatica SaaS Cloud ERP system is powered by Amazon Web Services.

Acumatica was chosen after a selection process examined several ERP software solutions on the market. Among the criteria for selection the most pertinent were:

Advanced features
Robust Cloud platform
Customizable
Cost-competitive
Bilingual (French-English)

Outcome

Acumatica especially stood out for being willing to listen and meet the specific needs, such as the ability to predict a multi-entity, multi-currency organization’s cash flow by up to a month. No other ERP solution currently has this feature.

Acumatica chose to change its road map and commit its developers to quickly build a Provisional Cash Flow module for smartTrade Technologies and include it as a standard offering moving forward.

By investing in Acumatica, smartTrade Technologies is now able to run and share financial analytics in its French headquarters.