Transforming Financial Operations with Fourlane's Acumatica Expertise
Overview
A rapidly expanding environmental engineering and services company engaged Fourlane to maximize their investment in Acumatica ERP. Despite implementing the system, the organization struggled to achieve the desired return on investment. Persistent issues in financial reporting, system integration, and data consistency prompted the leadership to seek a trusted ERP partner to unlock scalability and financial clarity.
Challenges
At the start of the engagement, the company faced a wide array of operational and technical challenges:
- Data Integrity Issues: Mismatches between balance sheet and profit & loss statements undermined reporting accuracy.
- Inconsistent Reporting: Lack of standardized KPIs and financial outputs limited leadership insight.
- Legacy Workflows: Manual processes carried over from a previous ERP created operational inefficiencies.
- Staff Enablement Gaps: Key personnel lacked the training and resources needed to use Acumatica effectively.
- Delayed Month-End Close: Bottlenecks in the closing process led to inconsistent and protracted cycles.
- Audit and Tax Readiness: The team needed urgent preparation for a clean 2023 audit and 2024 tax cycle.
- Amortization Challenges: Prepaid expenses were being manually tracked and allocated, increasing error risk.
Fourlane’s Strategic, Tailored Approach
Fourlane implemented a phased, agile support model focused on stabilization, process efficiency, and team empowerment.
The Solution
Benefits Achieved
- Reliable Financials: Books are now clean, reconciled, and ready for audit and tax reporting.
- Improved Reporting: Custom dashboards and financial reports provide leadership with timely, actionable insights.
- Operational Efficiency: Significant reductions in manual effort across AP, AR, and expense recognition workflows.
- Empowered Team: Key staff are trained and supported, with documentation and repeatable processes in place.
- Scalable ERP System: Upgraded to Acumatica 2024 R1, with modular enhancements to support growth.
- Sustained Momentum: Weekly status meetings ensured alignment and progress toward strategic financial goals.
Conclusion
Through a strategic and collaborative approach, Fourlane helped this environmental services firm transform its ERP implementation. The result: cleaner data, streamlined processes, and empowered decision-making that supports both short-term needs and long-term growth initiatives.
Fourlane Is Here To Help
If you’re looking for powerful solutions to your business’ needs, reach out to us by email, or call us at 1-800-931-2120. We’d love to help you navigate any challenges and grow your business.
