Software Development Company Automates Accounts

DevFactory is a software development company leveraging its in-house software technology and AI-enabled services to help other software companies to become more efficient. The focus is on offloading repetitive, low-value tasks in software development so that development teams can apply all of their creativity and energy toward the most important challenges of a business.


COMPANY

DevFactory

LOCATION

Dubai, United Arab Emirates

INDUSTRY

Software services

EMPLOYEES

5 (2,000 contractors)

NUMBER OF USERS

50

NUMBER OF COUNTRIES

2 (UAE and US)

SYSTEM REPLACED

Various custom-built programs

OTHER SOLUTION CONSIDERED

Intacct

NETSUITE PRODUCT IMPLEMENTED

NetSuite

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“Businesses often lose efficiency by making things more complicated; we wanted an easy-to-use financial management software that provided industry best practices out of the box. Instead of customizing NetSuite to conform to our complex and inefficient processes, we decided to adopt NetSuite’s best practices without the need for any customizations. NetSuite has been a huge efficiency driver for the organization.” Rahul Subramaniam, CEO, DevFactory

Business Complexities Made Simple

Rapid growth
DevFactory is growing at a rapid pace with numerous acquisitions every year. To meet growing business needs and ensure efficiency across various verticals, it’s important to be agile and enable the seamless adaptation of the acquired companies.
Standardized systems
DevFactory wanted a best-in-class financial management and reporting system that epitomized industry best practices and standards which could be easily adapted and implemented within the organization. It regards NetSuite’s cloud-based software as: “A tool that brings a depth of industry insights and standardizations right out of the box.”
Automating accounts
With a few thousand invoices from contractors and vendors to upload every month, DevFactory has been able to automate the process and ensure people get paid on time. Better visibility of cash flow also makes things easier and more predictable. The standardization of processes and automation allows DevFactory to run a highly scalable yet extremely lean team.
Simple and process orientated
The company is always looking for new ways of achieving economies of scale and regards the simplicity and insights of NetSuite a core part of its business approach.

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