International growth often brings a mix of accounting systems, with inconsistent data and different configurations. Tax requirements in each country can be difficult to manage. That’s the situation Brandwatch, a subscription-based social media software company, faced. With worldwide clients, including BT, Marks and Spencer, and L’Oreal, Brandwatch knew it needed a scalable financial solution that didn’t require continual licence upgrades and fixes.
“Consolidating data from multiple countries with each running different finance systems was time-consuming; it took two to three days each month to prepare figures. NetSuite has made that financial consolidation problem go away, now it barely takes half an hour.” Brandwatch