Overview
Farmazan Furniture & Interior is a UAE-established factory since 2007 in the industrial Zone of Mussafah in Abu Dhabi, the production facility is located on 22,000 sq. ft. Farmazan’s production facilities are the most highly, latest computerized machines & equipments in wood and joinery work imported from Italy & Germany to comply with the latest design development and drafting system and to go along with the factory’s development and the market requirements. Since 2007, Farmazan has been helping make dream houses a reality with their state-of-the-art wood textures and innovative techniques. Bista Solutions guided them in transitioning to the latest and most reliable global cloud solution – NetSuite
- Visibility over inventory at all locations
- In a real-time system, all transactions are recorded in real-time and thereby post against the respective GL there and then
- Integrated solution for A/R, A/P, inventory, banking processes, fixed assets, financials, POS, and operations
- Owner’s dashboard with complete drill-down capability
- SuiteSegments feature utilized for tracking detailed posting impacts across dimensions in all transactions
- The entire accounting process is tracked within NetSuite, end-to-end
Requirement/Problem
Following were the challenges faced by the organization:
- Manufacturing costs could not be tracked
- There was no effective sync between CRM and factory operations
- There were different tools for different processes
- Recording manufacturing cost was a completely manual process
- Most activities were not recorded in the system
- The processes were not properly designed and needed redefinition
Solutions
Bista Solutions helped Farmazan redesign all the business processes and streamline it all to work with their accounting needs. All the process was streamlined, and now follows industry level best practices. The niche requirement to track the manufacturing cost and the manufacturing process was met using the manufacturing WIP feature incorporating customization to it to meet the specific needs of Farmazan. That’s not all if it, we also achieved a linkage definition between different dimensions within NetSuite. All of this works seamlessly along with all the processes.
- Improved inventory control with real-time inventory tracking
- Automating manual tasks freed up staff time, allowing the team to focus on strategic initiatives.
- The company expanded its market presence without additional operational strain.
- Real-time analytics and reporting empowered management to make informed choices that drove growth.
- Visibility over inventory at all locations
- In a real-time system, all transactions are recorded in real-time and thereby post against the respective GL there and then
- Integrated solution for A/R, A/P, inventory, banking processes, fixed assets, financials, POS, and operations
- Owner’s dashboard with complete drill-down capability
- SuiteSegments feature utilized for tracking detailed posting impacts across dimensions in all transactions
- The entire accounting process is tracked within NetSuite, end-to-end
The Impact
- With NetSuite Reporting admins can get dynamic update of the activities in system.
- Tracking manufacturing cost
- Real time system, all transactions are recorded in real time and thereby post against the respective GL there and then
- Sync was maintained between Sales and Production activities
- Best practices methodology for managing factory and CRM activities
Conclusion
NetSuite transformed Farmazan Furniture & Interiors by addressing their operational pain points and equipping them with a robust, scalable solution. With streamlined workflows and enhanced efficiency, the company is now well-positioned to meet growing customer demands and drive continued success in the competitive furniture and interiors market
