Case Studies

Resolving ERP Conversion Issues Following a NetSuite Implementation

Resolving ERP Conversion Issues Following a NetSuite Implementation

Situation

Six months after going live with NetSuite, a $50 million industrial materials company was still working through discrepancies between the opening balances loaded into the new ERP system and the ending balances from its legacy accounting system.

The migration differences created uncertainty around the company’s historical financial data and had become the last outstanding item preventing completion of its audit.

MMG was engaged to identify the source of the discrepancies, reconcile the converted data, and provide the support needed for management and the auditors to resolve the issue.

Solutions
1

Identified Migration Variances

MMG analyzed data from both accounting systems and reconciled the consolidated trial balances to determine where differences had been introduced during the NetSuite migration.
The team identified the source of the variances and created a summary documenting the discrepancies, their causes, and the corrections required.
2

Reconciled Historical Financial Data

Working closely with management, MMG corrected the conversion discrepancies and reconciled the historical financial information in NetSuite to the company's legacy accounting records.
MMG also documented the analysis and resolution for the auditors, providing the support needed to close the final outstanding audit item.
Results

MMG resolved a migration issue that had remained outstanding for six months following the company’s NetSuite go-live.

With the historical balances reconciled and the conversion discrepancies documented, the auditors were able to sign off on the final open item and complete the audit without further findings related to the issue.

$50M

Industrial Materials Company

6 Months

Post-go-live migration issue resolved

Final Item

Cleared for audit completion

Consulting ServicesERP Implementation SupportConstruction and Industrial ServicesManufacturing & Distribution
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