CASE STUDY

WWW.ACUMATICA.COM • © Copyright 2013 Acumatica CONTACT SALES • +1 888 228 8300 sales@acumatica.com

As software developers, we found Acumatica’s technology to be elegant, adaptable, and stable. 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

COMPANY

• Founded:1999• Location:AixenProvence,France• Industry:SoftwareforFinancialServices• Overview:Softwarecompanythatdevelopssolutionsforinvestmentbanks,exchangesandlargehedgefundstostreamlinetheirorderexecutionprocessacrossmultipleassetclasses.

KEY RESULTS

• Consolidatecashflowsacrossworldwide

subsidiarieswithdifferentcurrenciesand

chartsofaccounts

• Implementedrobustandautomated

processtotranslatefinancialstatements

• Positionedthecompanyforgrowthby

providingascalableERPsolutionthatis

accessiblebyallstakeholders

BUSINESS CHALLENGE

smartTradeTechnologiesisanindependentsoftwarevendorthatdevelopssolutionsfor

investmentbanks,exchangesandlargehedgefundstostreamlinetheirorderexecution

processacrossmultipleassetclasses.

Foundedin1999byformerITandtradingprofessionalsfromCitigroup,CréditAgricoleand

SociétéGénérale,thecompany’stechnologyoptimizesthetradingprocessforover-the-

countersecuritiesandstreamlinesthewayfirmsmanageexecutionservices.

HeadquarteredinAixenProvence,France,todaysmartTradeTechnologieshas

subsidiarieslocatedinParis,NewYorkCity,London,andTokyo.Facedwithrapidgrowth

acrossmultiplemarketsandmultiplecurrencies,smartTradeTechnologiesrecognizedthat

itneededanadvancedfinancialmanagementinfrastructure.

Specifically,smartTradeTechnologiesneededasystemthatcouldquicklyconsolidate

andmakeaccessiblethevariousaccountingformatsandrequirementsfromeachofits

subsidiaries,aswellastobeabletoeasilyvisualizethecashflowofthegroupbyuptoa

month.

smartTrade Technologieswww.smart-trade.net

SOFTWARE DEVELOPER PICKS ACUMATICA SAAS TO RUN GLOBAL OPERATIONS

CASE STUDY

WWW.ACUMATICA.COM • © Copyright 2013 Acumatica CONTACT SALES • +1 888 228 8300 sales@acumatica.com

EXISTING SOLUTION

Priortoitsdecisiontoimplementan

ERPsolution,smartTradeTechnologies

outsourcedtheaccountingineachofits

subsidiariestolocalaccountants.Once

themonthlyaccountsineachsubsidiary

werecompleted,theywereconsolidatedin

Paris.Translatingthefinancialstatements

ofeachsubsidiaryintheheadoffice’s

currencyaswellasmappingthechartsof

accountsnaturallyimposedacertaindelay

toproducethemonthlyreporting.

Whilesatisfiedwiththeexistingfunctional

solution,smartTradeTechnologiesdecided

toimplementamorerobustandautomat-

edprocessthatwouldrepresentareal

advantageforthefinancialmanagementof

theever-growingcompany.

WHY ACUMATICA?

Beingasoftwaredeveloperitself,

smartTradeTechnologiesconsidered

buildinganin-housefinancialsolution

thatwouldsupportmultipleentityand

currencyscenarios.

However,preferringtoconcentrateits

resourcesontheircorebusinessand

benefitfromcurrentbestpractices,

smartTradeTechnologiesdecidedto

researchexistingcommercialsolutions.

PreferencewasgivenforaSaaSmodel

thatrequirednointernalresourcesfor

maintenance.

Acumaticawaschosenafteraselection

processexaminedseveralERPsoftware

solutionsonthemarket.Amongthe

criteriaforselectionthemostpertinent

were:

• Advancedfeatures

• RobustCloudplatform

• Customizable

• Cost-competitive

• Bilingual(French-English)

Acumaticaespeciallystoodoutforbeing

willingtolistenandmeetthespecific

needs,suchastheabilitytopredicta

multi-entity,multi-currencyorganization’s

cashflowbyuptoamonth.NootherERP

solutioncurrentlyhasthisfeature.

Acumaticachosetochangeitsroadmap

andcommititsdeveloperstoquickly

buildaProvisionalCashFlowmodulefor

smartTradeTechnologiesandincludeitas

astandardofferingmovingforward.

STRENGTH IN PARTNERSHIP

WhilesmartTradeTechnologieswas

concernedoverthelackofanAcumatica

vendorinFrance,Montreal-based

AcumaticapartnerLesServicesSiPDwas

abletoprovethattimezonesanddistances

werenotanobstacleforimplementingthe

solution.

ByinvestinginAcumatica,smartTrade

Technologiesisnowabletorunand

sharefinancialanalyticsinitsFrench

headquarters.

WhenAcumaticaisfullyimplementedin

itssubsidiariesintheUnitedStates,the

UnitedKingdom,andJapanbyFall2012,

smartTradeTechnologiesanticipatesbeing

abletoaccessconsolidatedcompany-wide

datainrealtime,aswellasbeingableto

predictitscashflowacrossthegroupby

upto30days.

Acumatica’s partner, Les Services SiPD, has always addressed our concerns quickly and in a caring manner. Although they are a continent away, the cloud has brought us together so we feel that we know them as if they were located across the street. Auri KostamaHead of Finance & AdministrationsmartTrade Technologies