Case Study
Revaluation of Multiple Fixed Assets at a Time Using NetSuite Application Suite
Download Case StudyClient: Cloudflare, Inc.
Founded: September 2010
Headquarters: San Francisco, California, U.S.A.
Industry: Internet Cloud Computing
About the Client
Cloudflare, Inc. is an American content delivery network and DDoS mitigation company. It acts as a reverse proxy between a website's visitor and the Cloudflare customer's hosting provider.
Cloudflare secures and ensures the reliability of your external-facing resources such as websites, APIs, and applications. It protects your internal resources such as behind-the-firewall applications, teams, and devices. And it is your platform for developing globally scalable applications.
Products and Services
Zero Trust Services
- Cloudflare Zero Trust
- Access
- Browser Isolation
- Gateway
Business Requirements
In Cloudflare, every month end users used to perform asset revaluation using standard Asset Revaluation processes. The Standard Asset Revaluation process allows only one asset at a time and does not support customization in the Fixed Assets module.
- Business requirement is to build a solution to process multiple assets at a time, every month end.
- Asset revaluation process should work for both primary accounting book and statutory book.
Business Challenges
Existing standard asset revaluation process was unable to process multiple assets at a time.
Users were spending lot of time revaluating multiple asset one at a time using their standard process.
Client required 5000 assets to be revaluated monthly, which involved 5 employees, spanning a timeframe of 4 to 5 days, with a total work effort consuming 200 hours.
Download Case Study
Check out our NetSuite High Tech Services
Related Section
