Business services company saves approx. 80% of projected deployment costs with Acumatica
Customer Company Size
SME
Region
- America
Product
- Acumatica Financial Management Suite
Tech Stack
- Acumatica
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Productivity Improvements
Technology Category
- Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Industries
- Finance & Insurance
Applicable Functions
- Business Operation
Use Cases
- Inventory Management
- Predictive Replenishment
Services
- System Integration
- Training
About The Customer
Caystone Solutions Ltd. is an independent family office and corporate services company based in Nassau, New Providence, The Bahamas. The company operates in the financial services industry, providing customized services including incorporation, accounting, compliance, and back office functions. Despite being a small company, Caystone has big ambitions. The company’s goal is to provide entrepreneurs and individuals around the globe with a variety of services. These services include working with government and regulatory agencies on clients’ behalf, assisting with external communications and customer relationship management, improving sales efficiencies, and timely reporting of clients’ managed investments.
The Challenge
Caystone Solutions Ltd., a small but ambitious company, aimed to provide a variety of services to entrepreneurs and individuals globally. To achieve this, Caystone needed to operate with extraordinary efficiency and be able to easily manage growth. The company required an accounting system that could support its own business requirements as well as its clients’. The system needed to be customizable, support multiple currencies, and unlimited users. It also needed to provide both Caystone and its clients anytime, anywhere access from any web browser. Caystone required a system that wouldn’t necessitate a big—and costly—hardware infrastructure. And Bahamas-based Caystone needed the comfort of knowing its client data was stored locally.
The Solution
Caystone chose the Acumatica Financial Management Suite with a perpetual license for five key reasons: Acumatica’s Currency Management Module supports multiple currencies, which was essential to Caystone’s goal of growing its international clientele. Caystone needed to minimize its implementation costs. Because Acumatica is easy to use, Caystone’s staff was able to test and learn the system mostly on their own. Acumatica enables Caystone to add on other application suites for Customer Management and Project Accounting when needed and add more users without additional licensing costs. Acumatica’s customization options were especially important to Caystone. For example, Acumatica’s General Ledger (GL) module is enabling Caystone to customize its GL accounts and sub accounts to specifically tailor reports to the needs of clients and partners. For many clients, it is important that their place of business is The Bahamas. Thus, it was essential to Caystone that its clients’ data is stored in The Bahamas. Acumatica’s perpetual software license enabled Caystone to have client data stored on a Bahamas-based hosting provider’s servers.
Operational Impact
Quantitative Benefit
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