Bulb is the fastest growing energy company in the UK. A stellar success, bringing 100% renewable electricity to homes and businesses. They are revolutionising the industry under three key aims, to be simpler, cheaper and greener.
Bulb Key Results
Automated financial processes
Expansion and scalability
Reporting and full visibility
The success of Bulb’s approach resulted in winning over a million customers within their first four years. Representing over 4% of the UK marketplace, this hypergrowth meant the company had to adapt and transform its finance operation.
Enabling the finance team to operate vastly increased activity without quadrupling the workforce meant a string focus on efficiency and automation was required.
How Elevate2 Helped
Our team quick quickly grappled with the range of processes and diversity of entities common in these scenarios.
Building an easy to operate business process that maintained the right level of control.
Condensing seven finance systems into a single structure that encompassed all activities in multiple countries.
Through a corporate standard Chart of Accounts that allowed flexibility to meet regulatory compliance in all jurisdictions, Bulb we able to simplify the management of their total business. This backbone structure allowed the four different jurisdictions and various entities to be combined within a single reporting system.
Elevate2 completed the implementation of the NetSuite Enterprise Resource Planning (ERP), working in tight partnership with the finance department.
Within four months a complete system was ready for launch.
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