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Customer Success Story
Folio3 implemented NetSuite SuiteSuccess Financials Standard for CalfTech Corp, with livestock inventory costing and contract management.
Company
CalfTech Corp
Partner
Folio3
NetSuite Services
All NetSuite Solutions and Modules
Advanced Inventory Management Fixed Asset Management NetSuite Analytics Warehouse (NSAW)
Application replaced
CalfTech Corp runs calf raising operations in Tipton, California, as part of a group that also runs feedlot, water credit, and laundry businesses under one parent structure. The legacy accounting setup had no structured way to track or value livestock, and QuickBooks could not consolidate financials across the group’s many entities. That gap is what made a dedicated ERP necessary.
After implementing with Folio3, CalfTech consolidated its entire group structure onto one NetSuite account and replaced manual livestock costing with automated allocation.
CalfTech Corp, Wild Eye Cattle, and the group's various trusts now report through one NetSuite account, replacing a QuickBooks setup that ran each entity's books separately.
Cattle and Agri Farming, Energy, Financial, and Others each roll up under CalfTech Group Parent, with intercompany transactions and consolidated reporting running through NetSuite.
Record to Report, Design to Build, Procure to Pay, Return to Debit, Order to Cash, Return to Credit, and Analytics all run through one NetSuite account.
Contract management, shipment-based invoicing, and feed production and consumption management were all delivered on top of standard NetSuite.
CalfTech came to Folio3 with a legacy setup that could not value livestock, track contracts, or consolidate across the group’s companies. Five gaps shaped the project.
QuickBooks gave CalfTech no structured way to track or value livestock inventory. The client needed an ERP that could manage livestock inventory and its valuation properly.
Livestock contracts had no home inside the accounting system. CalfTech wanted to manage livestock contracts and generate legal contracts directly from the ERP.
Feed, medicine, vaccination, and other costs had to be allocated to specific animals manually. CalfTech wanted these costs calculated automatically through proper allocation to each animal.
Feed production and consumption had no dedicated system, and feed costing was not automated. CalfTech wanted accurate, automated feed costing alongside production and consumption tracking.
CalfTech operates multiple companies and organizations, and QuickBooks could not manage intercompany transactions, financial consolidation, or reporting across them.
Folio3 implemented NetSuite SuiteSuccess Financials Standard for CalfTech Corp, with Advanced Inventory, Fixed Assets, and NSAW, along with custom livestock management solutions built on top.
Core financials, procurement, inventory management, and accounts receivable and payable were set up under one NetSuite account, replacing QuickBooks.
Advanced Inventory was configured to track serialized inventory and landed costs tied to livestock, giving each animal a proper cost basis.
A custom solution manages livestock-related contracts and generates legal contract documents directly inside NetSuite.
A custom solution generates invoices automatically from the load or shipment delivered to customers, calculating underloads or excess against the contracted weight.
A solution manages feed recipes per nutritionist requirements and records both feed production and actual feed consumption.
NetSuite Analytics Warehouse was implemented for financial and operational reporting, alongside periodic inventory position reports built to meet bank requirements.
Talk to our NetSuite consultants about consolidating a multi-entity group, valuing specialized inventory, or replacing QuickBooks. We’ll review your setup and scope a build around it.
CalfTech now runs financials for its full entity group from one account, calculates livestock costs by animal instead of by hand, and generates contracts and invoices directly from NetSuite.
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