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Customer Success Story

Rapid Fund Expansion: From One to Five in Just Three Years

Folio3 transformed Global Partners’ fragmented, Excel-based fund accounting into a unified, scalable system using NetSuite SuiteSuccess Financials First, complemented by the NetSuite OneWorld module.

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Company

Global Partners Ltd.

Partner

Folio3

Company Size

11-50

Industry

Financial

Region

UAE

NetSuite Services

SuiteSuccess Financials First

NetSuite WMS

NetSuite OneWorld

Application replaced

Spreadsheets QuickBooks

key outcomes

Results That Scaled Real Estate Fund Management Operations

Migrating to the NetSuite platform with Folio3 acted as a catalyst for Global Partners that scaled it real estate fund management operations across five funds.
Scale with NetSuite

5 funds
Managed on one platform

Growth from 1 to 5 funds, without re-platforming.

100%
Invoices matched to POs

No invoice gets paid without an approved purchase order.

Faster
Reporting cycles

A unified ERP closes reporting periods quicker than the legacy setup.

1
Single source of truth

No more entering the same data across multiple spreadsheets.

ABOUT GLOBAL PARTNERS

A Leading Institutional Fund Manager Based in Dubai

Global Partners is a UAE-based real estate fund management firm that oversees the development and investment activity on behalf of institutional and private investors. The company manages over $1.4 billion in assets on behalf of leading institutional investors from North America, Europe, Asia, and the Middle East.

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The Challenge

Fragmented Systems Limiting Scalable Financial Operations

As Global Partners grew from one to five institutional funds, its disconnected legacy systems could no longer handle the growing portfolio. Without a single source of truth, the finance team relied on manual reconciliations, which led to inefficiencies and a higher risk of errors. This also exposed the firm to greater financial risk, especially when managing high-value project spend.

Excel-based Fund Accounting

Core financial processes lived across disconnected Excel spreadsheets. This required the same data to be entered multiple times across different documents. It created reconciliation overhead and left no single source of truth for fund-level reporting.

Legacy QuickBooks Infrastructure

QuickBooks could not handle multi-currency investor contributions, separate legal entity structures, or inter-fund transfers. As Global Partners planned its expansion to five continuous funds, the platform risked becoming a structural bottleneck rather than a foundation for growth.

Unstructured Invoice and PO Matching

Construction and main works invoices for major development projects lacked a systematic process for matching against approved purchase orders before payment. This created risk around transaction control on high-value project spend.

Manual Financial Close

Without a unified system, closing out reporting periods depended on manually reconciling spreadsheet data. This process extended the time it took the finance team to deliver accurate, timely financials to stakeholders.

The Solution

A Unified Platform Powering Multi-fund Growth at Scale

Folio3 implemented NetSuite SuiteSuccess Financials First as the core platform for Global Partners. The implementation of NetSuite replaced QuickBooks and spreadsheet-based tracking with a single, scalable system purpose-built for multi-fund real estate management.

QuickBooks-to-NetSuite Migration

Folio3 led the full migration from QuickBooks to NetSuite. The team architected the new environment to support Global Partners’ plan to scale from one fund to five continuous funds over the next three years.

Custom Investment Management Module

A custom-built module was configured within NetSuite to support fund-level investment tracking and reporting, tailored to the structure of real estate development and fund management operations.

Vendor Portal and AP Automation

Folio3 implemented a vendor portal with automated accounts payable workflows, including structured invoice-to-PO matching for construction and main works invoices tied to major development projects.

Connect for NetSuite Implementation
entreprenuer appraoch
  • NetSuite SuiteSuccess Financials First
  • Platform Migration
  • Custom Investment Management Module
  • AP Automation
  • NetSuite SuiteSuccess Financials First
  • Platform Migration
  • Custom Investment Management Module
  • AP Automation
  • NetSuite SuiteSuccess Financials First
  • Platform Migration
  • AP Automation
  • Custom Investment Management Module
  • NetSuite SuiteSuccess Financials First

Get Tangible Outcomes For Your Financial Services Business with Folio3

Connect with our NetSuite consultants to discuss your business needs. Our certified team will offer you a solution that fits your requirements and drives business outcomes.
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Business Outcomes

Results That Strengthen Financial Control and Investor Confidence

Global Partners was able to manage its growing portfolio of real estate institutional funds by eliminating manual management and reporting. The firm now operates with a level of financial control and visibility that has strengthened investor relationships.

Scalability

  • Transitioning to a highly scalable NetSuite architecture established the foundational infrastructure required to support Global Partners’ project growth from managing one fund to operating up to five continuous funds over the next three years.

Data Integrity

  • Moving core financial processes away from fragmented Excel spreadsheets eliminated the need to enter the same data multiple times across different documents and established a much more reliable single source of truth.

Operational Efficiency

  • Implementing structured invoice workflows within NetSuite enabled the firm to systematically associate construction and main works invoices with approved POs before processing and ensured controlled, efficient transaction flows for major development projects.

Financial Close Acceleration

  • Shifting financial management off Excel and into a unified ERP environment directly contributed to time savings during the financial reporting process and supported the finance team’s efforts to close out reporting periods faster than under the legacy setup.

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