Wizeline's Rapid NetSuite Project Turnaround and Transformation
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As a global technology services provider, Wizeline builds high-quality digital products and platforms that accelerate time-to-market. The focus on measurable outcomes, partnering with their customers to modernize core technologies, mature data-driven capabilities, and improve user experience.
The Challenge
- Eight separate jurisdictions, each needing local statutory and tax reporting
- Consolidated US GAAP reporting requirement and translation of 8 currencies
- Newly implemented NetSuite Multi-Book environment that didn't go well
"We reached out to Continuous Scale with a problem that had a very fast approaching deadline. Some of the remeasurement mechanisms from local books and local currency to our US GAAP books in USD were not producing the results we were expecting."
The Solution
- Rapid Assessment: Our team quickly dug into Wizeline's NetSuite configurations, identifying root causes of the remeasurement issues.
- Tailored Solution Design: We developed a custom solution addressing Wizeline's unique multi-jurisdictional needs while aligning with their audit timeline.
- Swift Implementation: Leveraging our NetSuite expertise, we optimized currency remeasurement mechanisms across multiple modules.
- Continuous Optimization: We established a framework for ongoing refinement, ensuring the solution would scale with Wizeline's growth.
"Continuous Scale quickly grasped our issues and worked efficiently. From the first call, we identified system configuration problems causing unexpected results."
Dmitry Gladun, CPA
Corporate Controller
The Results
- Clean Audits Across the Board: Successfully closed out US GAAP consolidated audit with a Big Four firm, as well as all required statutory and tax audits across eight jurisdictions.
- Error-Free Reporting: Achieved zero identified errors or control deficiencies in all financial reporting.
- Accelerated Automation Journey: Made significant progress towards Wizeline's vision of fully automated transaction handling and reporting.
"We closed out our Big 4 audit and all statutory and tax audits, without errors or control deficiencies. Continuous Scale has significantly advanced us towards full automation of transaction handling and reporting."
Dmitry Gladun, CPA
Corporate Controller
The Conclusion
- Further optimizing NetSuite configurations for scalability
- Implementing advanced automation workflows
- Continually aligning financial systems with Wizeline's evolving business needs
"Continuous Scale shares our vision and brings the right expertise at the right time to build solutions that get us closer to full automation of all transaction processing and reporting."
Website
wizeline.com
Industry
IT Services and IT Consulting
Employee Count
1000-5000
Key Product
NetSuite Multi-Book
"Continuous Scale quickly grasped our issues and worked efficiently. From the first call, we identified system configuration problems causing unexpected results."
Dmitry Gladun, CPA
Corporate Controller
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