The Learning Lab

Educational Center Sparks a Love of Learning and Builds a Strong Financial Foundation on Acumatica ERP

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Acumatica Cloud ERP solution for The Learning Lab Acumatica Cloud ERP solution for The Learning Lab

Company Highlights

Location

Singapore

Industry

Service Management

System Replaced

Microsoft Dynamics (GP, SL, legacy, etc.)

Country

Singapore

Number of Employees

500-1000

Revenue

$50M-$100M

Product Used

Acumatica General Business Edition

Applications Used

Fixed Assets, Expense Management, Multiple Currencies, Deferred Revenue Management, Intercompany Accounting

Sub-Industry

Education, Educational Tutoring Services

Time saved

with reduced manual data entry

Real-time visibility

improved accounts receivable and payment tracking

Improved

inventory accuracy

Challenges

The Learning Lab is a privately-owned educational enrichment organization based in Singapore that reaches over 12,000 students. For years, the company relied on an outdated version of Microsoft Dynamics for financials and fixed assets, a custom-made billing system that lacked internal controls, a CRM, and other software to handle its billing, attendance, and class scheduling.

“Our finance team realized our previous system was not sustainable given our volume and growth, and set out to replace it with a financial solution with robust financial management.”

Ying-Jian Chan, , Chief Financial Officer

The Learning Lab

ERP Solution

The Learning Lab chose Acumatica for its robust financial capabilities, ease of integration with existing platforms, and unlimited user pricing. Executives wanted a flexible, cloud-based ERP solution that could adapt to their unique business needs without requiring extensive customization. Acumatica’s user-friendly interface and ability to connect with third-party applications via its open API sealed the choice.

“Acumatica is a well-developed solution that takes the best accounting practices and requirements into consideration while also incorporating what users and customers actually need.”

Shirley Lim, previously Finance Director

The Learning Lab

Outcome

The Learning Lab streamlined operations, reduced manual data entry, and gained real-time visibility into financial data. The organization improved inventory accuracy, and established robust financial governance. Acumatica’s cloud-based platform allowed employees to work from home, and the user-friendly interface allowed employees, which didn’t use the prior system, to manage tasks independently.

“Acumatica has reduced the volume of transactional work so now our team is doing more value-added tasks.”

Ying-Jian Chan, Chief Financial Officer

The Learning Lab

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