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NetLedger Case Studies
uOracle Small BuisnesstuNetLedger Advanced Accountingt
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Manufacturing Industry
EcoEnergies Year founded: 2000
Situation
EcoEnergies designs, constructs, delivers, and maintains renewable energy power systems and related energy efficiency products using wind, solar, small hydro and other "green power" and energy efficiency technologies. They are Northern California's leading renewable energy systems company, with a staff that includes several professional engineers and highly-trained installers. Their systems are environmentally sound and economically attractive.
EcoEnergies wanted a Web store that was fully integrated with their accounting back-end, a CRM application that could keep up with their growth, and convenient real-time financial reporting capabilities. They spent over a year and "$30,000 on developing a Web store approach that didn't work," says Peter Carrie, President of EcoEnergies. They had outgrown their CRM software when they added multiple salespeople in remote locations. With their growth also came a greater desire by their shareholders for better reporting on projects and activities.
Solution
EcoEnergies implemented Oracle Small Business Suite to solve these problems and found that it offered a lot more. "We launched our retail Web store within 30 days of implementing the Suite, after having worked on another approach for over a year," says Peter. Orders automatically generate customer contact records and sales orders that, when approved, immediately create invoices and deduct inventory. Not only does the Web store save significant administrative time and contribute directly to the bottom-line, it also helps to enhance the image of their business. The Suite has made their accounting tasks and reporting much easier. "Oracle Small Business Suite has reduced the amount of staff time required for a variety of administrative tasks, especially in mundane areas like time tracking." Because all aspects of their business are now integrated, double-entry of time and expense reports is eliminated. Their project accounting is also "faster and higher quality" and their parent company's CFO has direct access to reporting via the "hands-off CEO" role they created. Because the Suite is Web-based, remote salespeople can enter sales orders, submit time and expense reports, and access contact records wherever they are at the time--even at customer sites. Peter can also stay up-to-date on all key indicators, such as revenue, account balances, and inventory levels. No one has to worry about being tied to the office in order to access vital data.
Results
Because their accounting tasks are so much more streamlined with the fully integrated Suite, EcoEnergies saves "over $50,000 in reduced staff and accounting time requirements" a year. They're also expecting the Web store to generate an additional $100,000 in revenue a year.
Next Steps
Experience the Oracle Small Business Suite for yourself by starting a free trial. Or schedule a live demo and a representative can guide you through the areas of the Suite that interest you most.
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