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One Utility Bill

Customer

One Utility Bill Limited is a UK-based company specializing in the consolidation of household utility bills. They offer a streamlined service for managing utilities such as water, gas, electricity, and internet under a single billing platform.

Summary

Folio3 implemented the NetSuite SuiteSuccess Financials First Standard solution for One Utility Bill Limited. This ERP solution was tailored to streamline their financial operations, enhance reporting capabilities, and automate processes, ultimately improving overall efficiency and operational transparency for one utility bill limited.

The Challenge

One Utility Bill Limited faced challenges in managing complex billing processes, integrating disparate systems, and ensuring accurate financial reporting. These challenges hindered operational efficiency and scalability, impacting customer satisfaction and business growth.

Solution

  • Set up and configured General Accounting Setup including COA.
  • Setup Departments, Locations & Classes, and Subsidiary Management.
  • Set up Accounting periods using format: Calendar Months – 12 periods, and one for each calendar month in the fiscal year.
  • Set up and configured ournal Entries (Standard, Recurring, Reversing), Fiscal Close, Bank Deposit, Bank Feed, Standard Financial Reports.
  • Set up and configured, Basic Item Master (Inventory, Non-Inventory), Item Pricing (Price Levels), Unit of Measure, Item Tier Pricing, Item Transactions, Inventory Costing (Average)
  • Set up and configured standard NetSuite features such as Vendor Master, Purchase Orders, Purchase Order Item Receipts, Vendor Bills, Vendor Bill Payments, Vendor Return Authorizations, Vendor Credits, Vendor Prepayments, Standard Purchases, A/P reports, and Employee Master.
  • Configured vendor master, purchase orders, and vendor bills to enhance the procure-to-pay process, including vendor return authorizations and vendor credits.
  • Reviewed standard NetSuite reports suc as financial statements, sales, purchases, vendors/payables and customer/receivables.
  • Provided training and post-production support to ensure smooth operation and adoption of the new system by One Utility Bill’s team.

Result

The implementation of NetSuite SuiteSuccess Financials First by Folio3 addressed critical challenges faced by One Utility Bill Limited. It enabled efficient financial management, improved reporting accuracy, and facilitated the integration of various systems. This transformation has positioned One Utility Bill to scale their operations effectively, enhancing their service offering and customer satisfaction.

Ready to optimize your business with NetSuite ERP? Collaborate with Folio3 for a seamless implementation.

Folio3 is a recognized and authorized NetSuite partner specializing in SuiteSuccess, SuiteCommerce and ERP Implementation. Similarly, it excels in the domain of integrations and customizations in NetSuite
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