Scenic Case Study
Modernization of financial management & System Integration with NetSuite
Introduction
- Scenic Tours: A leading travel company specializing in luxury, curated experiences worldwide.
- Scenic Tours offers personalized itineraries, exclusive accommodations, and unparalleled customer service to guarantee unforgettable journeys for every traveler.
- The company operates on nearly every continent and is implementing NetSuite in all countries.
Processes
- Financial management (general ledger, receivables, payables across global subsidiaries)
- Integration with your internal solution for complex revenue recognition
- Intercompany framework with reconciliation
- Multi-book reporting
- Global tax and localization
Challenges
- Consolidation and intercompany transactions
- Complex revenue recognition based on historical data
- Disparate systems requiring manual reconciliation
Benefits
- A single, reliable data source integrated with your internal accounting system
- A single platform for managing business processes
- Automated consolidation and elimination
- Automated revenue recognition without manual input
- Automated reconciliation using the NS reconciliation engine and the Inplenion analytics package.
