Global Partners Centralizes Fund Accounting and Investor Operations with NetSuite SuiteSuccess Financials

Customer Success Story

Folio3 implemented NetSuite SuiteSuccess Financials with fund-specific configurations and a customized vendor portal to manage fund accounting, investor operations, project-level accounting, and related-party transactions for Global Partners.

Company

Global Partners

Company Size

51-100

Industry

Services

Region

UAE

NetSuite Services

SuiteSuccess Financials

All NetSuite Solutions and Modules

NetSuite OneWorld

Application replaced

About Global Partners

DIFC-based real estate fund management company operating closed-ended funds and SPV-based structures.
Manages multiple investment funds and project entities under a single group structure.
Oversees investor onboarding, fund administration, and project-level accounting.
Handles related-party transactions across funds, SPVs, and subsidiaries.

Global Partners & NetSuite ERP

With NetSuite SuiteSuccess Financials implementation, Global Partners:

Centralized fund, SPV, and subsidiary accounting within a single ERP system.
Managed investor onboarding and engagement records using NetSuite CRM.
Enabled suppliers to submit invoices directly through a vendor portal.
Handled project-level accounting and fund reporting within NetSuite.

Summary

Global Partners operated complex real estate funds and SPV-based projects that required structured fund accounting, investor management, and transparency across multiple entities.

Folio3 implemented NetSuite SuiteSuccess Financials with customized configurations to support fund structures, investor onboarding, project-level accounting, and vendor invoice submission workflows. The implementation also addressed heavy manual accounts payable workloads caused by offline invoice handling.

This implementation brought fund operations, investor records, vendor invoicing, and financial reporting into a single ERP system aligned with Global Partners’ fund management model.

The Challenges

Global Partners required an ERP system capable of managing multiple closed-ended funds and SPV-based project structures.
Fund-level and project-level accounting were difficult to manage across disconnected systems.
Investor onboarding and engagement records were not centrally maintained.
Supplier invoices from developers were handled manually, creating a heavy accounts payable workload.
There was limited transparency across funds, SPVs, and related-party transactions.
Capital calls, investment commitments, and participation tracking required structured system support.
Fund and SPV reporting needed to be consolidated and accessible within a single platform.

Solution

Global Partners partnered with Folio3 to implement NetSuite SuiteSuccess Financials, along with NetSuite OneWorld, with fund-specific configurations and custom workflows.

The implementation focused on managing complex fund structures, reducing manual accounts payable effort, and improving transparency across funds, SPVs, and projects.

Our implementation centered on:

Implementing NetSuite SuiteSuccess Financials to manage fund, SPV, and subsidiary accounting
Configuring fund-specific financial structures and project-level accounting
Implementing NetSuite CRM for investor onboarding and engzgement tracking
Developing a customized vendor portal using NetSuite Vendor Center
Enabling suppliers to submit invoices directly through the vendor portal
Automating vendor bill creation, approval workflows, and AP tracking
Supporting capital calls, investment commitments, and participation share tracking
Configuring reporting for funds, SPVs, commitments, and related-party transactions

Results

Global Partners now manages funds, SPVs, and subsidiaries within a single ERP system.
Investor onboarding and engagement records are centrally maintained in NetSuite.
Supplier invoices are now submitted directly through a vendor portal, reducing manual AP handling.
Vendor bills follow defined approval workflows with improved tracking.
Fund and project-level accounting are now handled within NetSuite.
Capital calls, commitments, and participation shares are tracked within the system.
Financial transparency across funds, SPVs, and related-party transactions is now maintained through centralized reporting.