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Successful ERP Implementation: smartTrade Technologies

Software developer picks Acumatica SaaS to run global operations

smartTrade Technologies develops software solutions for investment banks, exchanges and large hedge funds. Faced with rapid growth, smartTrade Technologies recognized that it needed an advanced financial management infrastructure. After examining several ERP solutions on the market, they chose Acumatica to track global operations across multiple countries and currencies.

About smartTrade Technologies

Location: Aix en Provence, France

industry: Software & technology


Application Replaced: Other

Key results for smartTrade Technologies

  • Consolidate cash flows across worldwide subsidiaries with different currencies and charts of accounts
  • Implemented robust and automated process to translate financial statements
  • Positioned the company for growth by providing a scalable ERP solution that is accessible by all stakeholders


smartTrade Technologies needed:

  • Solid Accounts Payable and General Ledger capabilities
  • Easy integration with existing business requirements for their next ERP

ERP Solution

Being a software developer itself, smartTrade Technologies considered building an in-house financial solution that would support multiple entity and currency scenarios.

However, preferring to concentrate its resources on their core business and benefit from current best practices, smartTrade Technologies decided to research existing commercial solutions. Preference was given for a SaaS model that required no internal resources for maintenance. Acumatica SaaS Cloud ERP system is powered by Amazon Web Services.

Acumatica was chosen after a selection process examined several ERP software solutions on the market. Among the criteria for selection the most pertinent were:

  • Advanced features
  • Robust Cloud platform
  • Customizable
  • Cost-competitive
  • Bilingual (French-English)

ERP Solution implemented

Benefits for smartTrade Technologies

Acumatica especially stood out for being willing to listen and meet the specific needs, such as the ability to predict a multi-entity, multi-currency organization’s cash flow by up to a month. No other ERP solution currently has this feature.

Acumatica chose to change its road map and commit its developers to quickly build a Provisional Cash Flow module for smartTrade Technologies and include it as a standard offering moving forward.

By investing in Acumatica, smartTrade Technologies is now able to run and share financial analytics in its French headquarters.

Does Cloud ERP Really Make Sense?

This Acumatica customer says yes—and then explains why in a Gartner Peer Insights report.