“The support we received from Peregrine Connect has been over the top, and I’ve been in software for over 30 years. It’s been extremely refreshing to see!”
— Andrew McWaters, VP of IT, MedPharm
The Challenge
- Revenue recognition for ongoing and completed business projects
- Replace QuickBooks Enterprise as their primary ERP to NetSuite PSA
- Integrate NetSuite PSA with Microsoft Project
- Better understand segments of their business from a cost standpoint
- Improve monthly forecast accuracy for three Lines of Business
- Decrease manual updates through automating import and export of data
- Create a smarter, less complex system to capture data for end-users
The Solution
- Replace QuickBooks Enterprise with NetSuite PSA for real-time Peregrine Connect integration with Microsoft Project for milestone billing and revenue forecasting
- Changing project status on both applications to qualify revenue earned for projects
- Implement a platform to improve accuracy of business projections and revenue forecasts
- Eliminate manual labor with automating status updates on both Microsoft Project and NetSuite PSA
- Enhanced integration platform to increase productivity by reducing the management and synchronizing of data
The Benefits
- Reduced time needed by Project Managers and Accountants to accurately forecast monthly revenue by over two weeks
- Smooth transition to NetSuite PSA, seamless for Microsoft Project end-users
- Cut 15 days of manual labor to determine revenue recognition for the month
- Reduced its labor resources while decreasing the overhead costs significantly
- Automated the revenue forecast process, reducing manual labor, which saved close to $100K per year
- Greatly enhanced accuracy of monthly forecasts for the three Lines of Business
- Dramatic time savings for Project Management and Accountant teams
- Attained compliance standards by not violating any ‘accounting rules’
- Increased overall productivity and reduced labor, resulting in doubling of their EBITDA
Read the client story
Company Profile
Based In:
North Carolina
Industry:
Healthcare
Type:
Pharmaceuticals
Employees:
51-200
Founded:
1999
Website: