Finance system for hypergrowth and expansion

Energy / Financial / Fintech

Bulb Key Results

Automated financial processes

Expansion and scalability

Reporting and full visibility

The challenge

Expansion

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.

The solution

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.

The Results

System Ready

Within four months a complete system was ready for launch.

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