LiveView Technologies, Inc.

Explosive Growth at Mobile Security Manufacturer Requires Modern Cloud ERP

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Acumatica Cloud ERP solution for LiveView Technologies, Inc.

Video transcript: LiveView Technologies - Success Story of Acumatica Cloud ERP

LiveView Technologies offers a combination of hardware and software that allows our customers to do rapid deployment of on-site security systems. We can actually install a unit and have it up and running and connected to the cloud within twenty to thirty minutes. Live View Technologies is a fast growing company. They were still using the QuickBooks setup that a lot of companies use and they didn't really have a manufacturing solution. They were using spreadsheets to track everything. The reporting side of QuickBooks was so painful, whereas Acumatica has set reports where I can go in and I can make the adjustments to that report. Acumatica makes that easy for us. We are trying to remove all on premise so that we're managing everything from the cloud. I really appreciate how Acumatica gives us the choice of where we put the data, whether it's on premise, in a hybrid situation, or all hosted by Acumatica. So with QuickBooks, we had to use a VPN, whereas sometimes it wasn't always accessible. With Acumatica, we have the access anywhere where we have internet, has been so smooth and easy, especially with the pandemic. They didn't have to worry about having their people work from home. They had full access to the system. They could still do their job. The number one thing that drives every decision that we make is scalability. We see this business being north of a billion dollars in the next three to five years. We cannot get there unless we have the tools and the foundational infrastructure in place. Acumatica is one of those major pillars in our strategy. There's going to be probably a time when we have to set up new manufacturing facilities in other locations across the country. And being able to use the same system for all those manufacturing locations will make it a lot easier for us. With the receiving process, it has been so easy to where I can just go in, see that it's been received, and boom, I enter that bill and it's done. We're now registered to collect sales tax in almost forty states now. And so being able to use the Avalara add on has been a major, major blessing for us, or otherwise we'd be spending an incredible amount of time on sales tax compliance. Working with a solution like Acumatica that allows me the flexibility to integrate with other systems and other tools through their robust API and be able to do it in a way and grow with us through the licensing model is probably the biggest thing that matters to me. I have confidence that Acumatica can keep up with us. Having used most of the major products in the marketplace, Acumatica is really the most complete, easiest to use product out there.

Acumatica Cloud ERP solution for LiveView Technologies, Inc.

Company Highlights

Location

Headquarters in Orem, Utah, USA

Industry

Manufacturing, Professional Services, Software and Technology, Service Management, Cross Industries

System Replaced

QuickBooks

Sub-Industry

Manufacturing, Security Solutions

Number of Employees

100-250

Revenue

$100M-$250M

Product Used

Acumatica Manufacturing Edition

Applications Used

Financial Management, Inventory Management, Order Management, CRM

Integrations Used

Avalara, Velixo

66%

faster closing financial statements

50%

faster to process AP and AR

1 Platform

for all financials, manufacturing, planning, shipping, invoicing

Challenges

LiveView Technologies makes fully self-contained and self-powered mobile security units for large retailers and others. It ran on QuickBooks and E2, a separate disconnected manufacturing system, which led to a lot of manual work transferring data. The legacy accounting system was not integrated with the sales order process, and the company lacked manufacturing planning and scheduling functionality. In addition, inventory was never correct.

“Before Acumatica, you could literally watch inventory change when no one was in the system. Everyone had lost faith in the financial system in use at the time.”

Andrew Gale, Chief Financial Officer and Chief Operating Officer

LiveView Technologies

ERP Solution

LiveView Technologies chose Acumatica Manufacturing for its modern, cloud-based platform, open API, and comprehensive manufacturing features. The unique user licensing model eliminated concerns about user limitations as the company grew from 75 to over 200 employees. Acumatica’s ability to seamlessly connect with third-party applications allowed them to add Velixo and Alavara.

“Acumatica’s licensing model was an icing-on-the-cake factor. I don’t have to think about who to give access to, or whether it would be worth an extra subscription like other ERP companies charge.”

Andrew Gale, Chief Financial Officer and Chief Operating Officer

LiveView Technologies

Outcome

With Acumatica, LiveView Technologies gained a single, end-to-end business platform including financials, manufacturing, planning, shipping and invoicing that improved inventory accuracy and operational efficiency. Accounts payable and receivable processes became 50% faster, while financial closings now take just five days. The cloud-based platform enabled remote work during the pandemic without disruptions. Additionally, third-party integrations streamlined tax management and reporting, saving significant time and resources.

“Everything we do is looked at through a lens of how we can scale, and Acumatica has easily demonstrated its ability to scale.”

Andrew Gale, Chief Financial Officer and Chief Operating Officer

LiveView Technologies

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