Contact Us.
We're here and ready to help.
Our team of experts is available to answer any queries you have.
Introduction.
Expanding operations to international markets introduces complexities, especially for retail businesses managing financial compliance across borders. International retailers with operations in Vietnam are required to align local accounting standards with corporate reporting requirements. For one retailer with multiple entities, fragmented systems and manual processes were impeding efficiency and accuracy.
- Industry: Retail
- Year: 2023
- Industry: Retail
- Technology: Fast Accounting Online (VAS), QuickBooks
- Services: Financial Data Integration, System Setup, Training
- Duration: 3 months
Challenges.
The retailer used VAS for local compliance and QuickBooks for corporate reporting. The lack of integration created data silos and operational inefficiencies. Manual data entry across disparate systems caused frequent discrepancies, making reconciliation time-intensive and prone to human error. Without automation, manual synchronization between systems delayed reporting cycles and reduced the team's productivity.
Fragmented Accounting Systems.
Data Inconsistencies.
Operational Inefficiency.
Solutions.
To address the retailer's challenges, we implemented a comprehensive financial integration solution. This began with setting up QuickBooks accounts for both entities, creating a centralized platform for financial management. We developed robust data mappings to align financial records between VAS and QuickBooks, ensuring seamless and accurate transfers. By automating the data export from VAS and import into QuickBooks, we eliminated manual synchronization, reducing errors and saving time.
QuickBooks Setup.
Data Mapping.
Automated Export/Import Process.
Training & Support.
Results.
Saving time & boosting efficiency.
50% reduction in time spent on financial reconciliations.
30% improvement in data accuracy thanks to automation.
Compliance with local tax and accounting regulations.