CASE STUDY : NET FRIENDS

Fourlane implements bookkeeping best practices and QuickBooks training for internal operations at Net Friends

Overview

Fourlane gets businesses organized, focused, and prepared for the future.

Net Friends is a managed Information Technology (IT) service provider, with a growing team of expert IT Consultants. With the exit transition of their long-time financial controller, the Net Friends leadership team saw an opportunity for strategic reset: to organize and streamline internal finance operations with clarity and future growth in mind.

Discovery

Net Friends had a large accounting file that had undergone vast change in the past two years. Inventory, purchasing, and the month-end close were handled in-house, while the company outsourced its payroll and had problematic time-tracking. As a result, the team wanted oversight and consistency. They needed a better system, and they needed the experts at Fourlane to become an integrated part of the team.

Integrated expert mentors to train and guide the team

  • Uniform Month End Close

  • Budget Forecasting

  • Analysis Consultation

Development and delivery

Fourlane’s Cynthia Hemingway built a trusted partner relationship with Net Friends by developing a thorough understanding of their processes, team skillset, and needs. Beginning with a file review, and then a file condense, Hemingway’s team eventually moved Net Friends’ QuickBooks Enterprise file to a secure third-party hosted environment. Along with the move came the extensive education and training Net Friends had been looking for, with consistency and reliable oversight as the result.

Collaborative Training

Individual

One-on-one mentorship, eliminating knowledge gaps

Team

Financial report guidance, month-end close procedure

CFO

Detailed, repeatable budget forecasting and hiring plan

Confidence in the numbers

Fourlane learned the Net Friends file and accounting needs forward and back. With Fourlane at the ready for help and support, intensive training complete. and standard operating procedures in place, the Net Friends accounting team is up to speed on best practices and maximizing QuickBooks functionality. Their CFO’s confidence has soared.

“Net Friends has been very vocal about the fact that Fourlane will be a part of their business moving forward. We’ve taught them what they need to know, and built and maintained a good relationship.” – Cynthia Hemingway, Fourlane

Hemingway and the Fourlane team of experts know that confidence is where the real value lies. They do more than show their clients what QuickBooks can do—they listen, educate, advise, and consult, building lasting relationships for mutual benefit, now and into the future.

About Net Friends

Net Friends provides managed IT services, IT staffing, and cybersecurity for businesses of all sizes, helping companies achieve their mission through technology.

Industry

IT Professional Services

Location

Durham, NC

Software / Solution

QuickBooks Desktop Enterprise