Customer Success Stories Successful ERP Implementation - smartTrade Technologies
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smartTrade Technologies

Software Developer Picks Acumatica to Run Global Operations

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Acumatica Cloud ERP solution for smartTrade Technologies

Company Highlights

Location

Aix en Provence, France

Industry

Software and Technology

System Replaced

Everest

Sub-Industry

Business Services, Software

Number of Employees

250-500

Revenue

$50M-$100M

Product Used

Acumatica Retail Edition

Applications Used

Financials

Integrations Used

Avalara

Consolidate

cash flows across subsidiaries

30 days

in advance cash flow predictions

Reduced

delays in financial reporting

Challenges

SmartTrade Technologies, a software company headquartered in Aix en Provence, France, specializing in solutions for investment banks, exchanges, and hedge funds, has subsidiaries in Paris, New York City, London, and Tokyo. Previously, it outsourced accounting to local accountants, consolidating financials in Paris. This process caused delays in monthly reporting and cash flow visualization.

"We needed a system to quickly consolidate and make accessible various accounting formats and requirements from each subsidiary."

Auri Kostama, Head of Finance & Administration

smartTrade Technologies

ERP Solution

SmartTrade Technologies chose Acumatica for its robust, cloud-based platform and unlimited user pricing model. Acumatica stood out for its willingness to meet specific needs, such as predicting cash flow for multi-entity, multi-currency organizations. The company also valued Acumatica’s bilingual capabilities and SaaS model, which required no internal maintenance resources.

In the era of cloud computing, you do not want to select technology that is decades old.

Auri Kostama, Head of Finance & Administration

smartTrade Technologies

Outcome

With Acumatica, smartTrade Technologies consolidated financial analytics across subsidiaries, enabling real-time access to company-wide data. They streamlined cash flow predictions up to 30 days and implemented a scalable ERP solution accessible to all stakeholders. The partnership with Acumatica’s vendor ensured smooth implementation, overcoming geographical challenges.

"Although they are a continent away, the cloud has brought us together so we feel we know them as if they were located across the street."

Auri Kostama, Head of Finance & Administration

smartTrade Technologies

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