Retail Chain Case Study
Looking to cut costs, a prominent retailer needed to switch from Oracle NetSuite to QuickBooks Online Advanced.
Overview
A well-established retail chain faced challenges because of high implementation and managing costs of NetSuite. We helped them switch to QuickBooks Online Advanced.
Industry
Retail
Time period
6 years
Turnaround time
4 weeks
QuickSwitch in Action
Curtailing spending on business solutions by moving to QuickBooks Online.
Data Cleanup
Cleaned up data in NetSuite - the existing accounting solution - because it had context available that may be lost during migration.
- Reviewed and reconciled 6 years of transactions.
- Eliminated obsolete and duplicate inventory and sales entries.
- Resolved inconsistencies in customer and vendor records.
- Streamlined the financial structure with a new chart of accounts.
Data Export
Relied on NetSuite's report writer and APIs to extract data for different entities, departments.
- Extracted comprehensive data sets from NetSuite using custom scripts.
- Reformatted data to fit QuickBooks Online Advanced's schema requirements.
- Mapped extensive product lines and customer segments for accurate record-keeping.
- Transformed Multi-currency and Multi-entity transactions for better compatibility.
Data Upload
Prepared payloads through custom scripts based on compliance requirements and client's preferences.
- Prepared and tested the data import interface of QuickBooks Online Advanced.
- Utilized advanced scripting to ensure efficient data integration.
- Rearranged account and inventory classifications according to the new system architecture.
Data Validation
Cross-checked balances between reports and accounts in both accounting solutions to ensure accuracy of data post-migration.
- Conducted thorough comparisons to validate financial reports and records accuracy.
- Addressed migration anomalies to ensure continuity and integrity of data.
- Confirmed the accuracy of critical business metrics post-migration.
