1. Customer Testimonials
  2. Photon Energy

European Solar Innovator Photon Energy Finds Sun in the NetSuite Cloud

Photon Energy

Company

Photon Energy

Location

Amsterdam, Netherlands

Industry

Energy & Utilities

Applications Replaced

Money S3, Datev, Xero, YOB

Solutions

NetSuite OneWorld
CRM

Partner

ARC Consulting Czech Republic, s.r.o.

Location

Czech Republic

“NetSuite improves our operational efficiency. It facilitates our growth through real-time visibility of financial and non-financial information and introduces best practices into our business.” Photon Energy

Customer Success

  • Global solar power solutions provider has dramatically improved financial and operational efficiency since implementing NetSuite OneWorld across six countries.
  • NetSuite provides an agile, flexible platform for continued rapid growth at Photon Energy, which since its 2008 founding has built more than 50 MWp of solar plants while supplying maintenance for over 100 MWp of plants.
  • Breakthrough visibility into key financial and sales pipeline information enables data-driven business decisions to optimize growth.
  • Photon Energy expects to reduce accounting costs 70% in 2015 through centralization of accounting and elimination of costly third-party bookkeeping firms.
  • Replacing disparate country-specific applications, NetSuite OneWorld supplies a unified cloud business environment across the Netherlands headquarters and Germany, Australia, Czech Republic, Slovakia, and Italy.
  • Photon Energy has faster, more accurate global financial consolidation across 54 subsidiaries in Europe and Australia.
  • NetSuite OneWorld multi-currency conversion capabilities enable Photon Energy to transact in 10 currencies, including the Euro and currencies of the Czech Republic, U.K., Poland and Australia.
  • Photon Energy uses country-specific tax compliance built in to OneWorld for VAT reporting across three countries, to expand to six by the end of 2014.
  • Multi-lingual capabilities in OneWorld enable Photon Energy personnel to interact with NetSuite in English, German, Czech and Italian.
  • Photon Energy has new visibility and control across its project development, energy generation, investment and asset management, project finance, and operations and maintenance lines of business.
  • NetSuite CRM provides valuable sales pipeline tracking and analysis to help capitalize on opportunities and maximize revenue.
  • Unified customer record helps Photon Energy to improve customer service and case management.

Challenges

  • Photon Energy struggled with tedious quarterly reporting cycles with disparate applications in six countries and a mix of internal and external accounting resources.
  • Delays with critical data and limited visibility hindered Photon Energy’s ability to make informed strategic business decisions.
  • Photon Energy needed greater flexibility to compete effectively in the solar industry’s volatile market and regulatory environment.

Solution

  • NetSuite offered native ERP/CRM integration, with capacity for analytics, project management, customizability and localization to specific countries.
  • Photon Energy selected NetSuite after evaluation of SAP Business ByDesign, FinancialForce, Infor, Xero and SMB Suite (Microsoft Dynamics GP).
  • Implementation by NetSuite Solution Provider partner ARC Consulting in the Czech Republic helped speed value, ensure quality and customize NetSuite to unique business needs.

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