Case Studies
MLB Franchise
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.
Challenges
Modernizing Financial Operations
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.
ERP Solution
Elevating Financial Efficiency
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.
Outcome
63% reduction in time required for financial closing processes.
12% reduction in the complexity and size of the chart of accounts.
Greater accuracy and insight into how the business is run.
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