Aspire Systems Automates Financial Operations

Aspire Systems Optimises Financial Operations to Advance Globally

Since 1996, global technology services firm Aspire Systems has helped both enterprises and software vendors expertly blend technology with outsourcing. The company’s offerings include IT infrastructure support such as cloud migration and enterprise solutions like an omnichannel platform for retailers. Initially, the company relied on manual business processes, struggling to see sales reports and revenue in real time. This prevented leadership from making timely, informed decisions to help the business continue to grow.

Company

Aspire Systems

Location

India

Industry

Services

EMPLOYEES

4,000+

NUMBER OF SUBSIDIARIES

NUMBER OF COUNTRIES

NETSUITE PRODUCTS IMPLEMENTED

NetSuite OneWorld
NetSuite Financials
NetSuite Revenue Recognition
NetSuite SRP

IMPLEMENTATION PARTNER

Huron Consulting Group

Location

India

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“NetSuite has significantly boosted our financial efficiency. It saves us time and helps improve data quality and accuracy, providing us with a clearer direction for our expansion plans.” Mahalakshmi Bhaskar, Assistant Manager - Finance, Aspire Systems

Simplifying Processes for Global Success

Putting customers front and center: Aspire Systems serves more than 150 customers across 15 countries from offices in Belgium, India, Mexico, the Netherlands, Poland, Singapore, the U.S., the U.K. and the United Arab Emirates. These many local offices ensure the firm can quickly provide outsourced IT services and deploy customised software-as-a-service solutions such as its property management platform.

Manual consolidation hinders growth: Aspire Systems’ global presence eventually posed problems, however. It previously took four days to manually generate standard monthly reports on Aspire Systems’ previous accounting system. This time-consuming and error-prone process prevented the company from getting an accurate view of the sales performance among its 20 entities in 11 countries. As a result, teams weren’t able to identify growth opportunities quickly.

Automating for faster decisions: After automating its financial processes with NetSuite OneWorld, Aspire Systems generates local tax reports for 11 countries in minutes instead of 24 hours. Leadership also sees revenue in real time and makes informed business decisions accordingly, such as those required to navigate day-to-day market changes throughout 2020.

Futureproofing to come: In the near future, Aspire Systems plans to integrate other business systems, such as its treasury management solution, with NetSuite OneWorld to automate more workflows. The company will also further leverage NetSuite’s customisation capabilities to continue meeting local tax obligations as it widens its global footprint.