Case Studies
MLB Franchise Steps Up To The Plate With Appficiency
A $1.3 Billion dollar organization was looking to modernize its enterprise planning systems with NetSuite to get up to speed with current systems and processes.
Overview
Our client, an American Major League Baseball (MLB) franchise, came to us with a unique opportunity to share our expertise in sports and entertainment management. The franchise, a $1.3 billion dollar organization, was looking to modernize its enterprise resource planning platform with NetSuite, with a focus on financial reporting and accounting. Appficiency was able to hit a home run for this championship organization.
Company Name: MLB Franchise (Anonymous)
Company Location: United States
Industry: Sports & Entertainment
Number of Employees: 900
Number of Users: 20
System/Process Replaced: Microsoft Dynamics Great Plains
Appficiency Products Implemented: None
The Challenge
The MLB franchise was facing end-of-lifecycle support for their current ERP system. Their finance team saw this as an opportunity to modernize and automate core accounting practices by capturing and managing data in a more effective way. With multiple subsidiaries in different countries, the requirements included adding robust technology that could accommodate their unique business processes.
The Solution
Due to our experience with other professional sports franchises and deep expertise implementing financial modules of NetSuite, appficiency was selected to partner with the MLB franchise to bring them into a cloud-based environment with automated workflows and approval processes. The appficiency team not only showcased technical knowledge, but also consulted on essential accounting practices, and advised the MLB franchise how to proceed when multiple options were available. Ultimately, appficiency delivered a solution that springboarded the organization to report financials more methodically and to plan and budget more effectively.
Top Three Wins
63% improvement in the amount of time it takes for financial closing processes.
12% reduction of chart of accounts.
Greater accuracy and insight into how the business is run.