Company
Ceridian
Location
Minneapolis, Minn.
Revenue
$1 billion
EMPLOYEES
1,000+
Industry
Software
NUMBER OF SUBSIDIARIES
35
NETSUITE PRODUCTS IMPLEMENTED
NetSuite OneWorld
NetSuite Revenue Management
NetSuite SuiteBilling
Advanced Customer
Support
IMPLEMENTATION PARTNER
NetSuite Professional Services
Learn How Cloud ERP Can Streamline Your Business.
“We have a grand vision for Dayforce and where we can take it, and in order to scale, we had to get rid of complexity.” Jeffrey Jacobs, Senior Vice President, Global Head of Accounting and Financial Reporting, Ceridian
A Master Class in GL migration
- Moving to one ERP
- Ceridian used legacy on-premises GL software, integrating it with NetSuite, which was managing financials for its Dayforce business and functioning as a subledger. It decided to migrate everything to NetSuite OneWorld because complex Dayforce billing processes were already customised on that platform. That meant migrating five years of GL data.
- Simplifying the chart of accounts
- The heart of the project was a redesign of Ceridian’s chart of accounts—consolidating 117 company codes down to 35 NetSuite subsidiaries, 3,000 departments to 850 and 250 product lines down to less than 50 NetSuite classes—an archetype of accounting discipline that set the company up for a smooth migration and massive efficiency.
- Accounting aligned with business strategies
- The go-live in 2020 went smoothly. As revenue has grown from $825 million in 2019 to projected $1 billion in 2021, the more detailed chart of accounts matches and aligns with business and growth strategies. Reporting is faster and easier, there’s less to sort through and less duplication, and it’s easily customisable by role and department.
- Automating revenue recognition next
- The company plans to automate more accounting processes with NetSuite by implementing SuiteBilling and Advanced Revenue Management. Additionally, NetSuite can easily be provisioned for current and future acquisitions.
