How AESG Brought Financial Clarity Across 7 Countries

One Platform. Seven Currencies. No Manual Corrections. How AESG Consolidated Seven Subsidiaries on NetSuite

AESG is a specialist consultancy, engineering, and advisory firm founded in Dubai in 2011. Over 300 professionals across five offices deliver sustainability consultancy, fire and life safety engineering, facade engineering, building services, environmental planning, cost management, and commissioning, often across the same project, to the same client, across multiple geographies.

The firm's growth has been consistent and significant. In 2023 alone, AESG posted 46% year-on-year revenue growth, secured over $54 million in new contracts, and expanded its headcount by a third. It is now one of the largest privately held specialist consultancies in the region, operating entities in the UAE, Saudi Arabia, the UK, and Singapore.

The Challenge: Seven Entities, Seven Currencies, One Finance Team

At AESG's scale and geographic spread, financial consolidation is not a reporting exercise, it is an operational requirement. Each subsidiary transacts in its own functional currency. Group performance reporting requires consolidating those figures accurately across AED, SAR, GBP, AUD, ZAR, EGP, and SGD at every period end.

Without a properly configured platform to handle this, the finance team was absorbing the gap manually: correcting currency translations, reconciling intercompany balances, and producing consolidated figures through processes that added time and introduced risk at every close cycle. It was work the system should have been doing.

When AESG went through a change in management, the incoming leadership took a structured look at the business's operational infrastructure. The review identified the NetSuite environment as an area requiring focused attention, and the decision was made to bring in a partner with the technical depth to fix it properly and maintain it going forward.

What We Did

Azdan began with a full review of AESG's existing NetSuite configuration, then restructured and rolled out the platform across all seven subsidiaries.

Multi-Subsidiary Rollout

Each entity (UAE, Saudi Arabia, UK, Singapore, Egypt, Australia, and South Africa) was configured as a properly defined subsidiary within NetSuite OneWorld, with correct intercompany relationships, elimination rules, and group consolidation structure in place. All seven subsidiaries now operate on a single instance under a unified group hierarchy.

Multi-Currency Configuration

Each subsidiary operates in its functional currency. Automated exchange rate management, balance sheet revaluation, and translation into a single group reporting currency replaced the manual correction process that had previously sat between the subsidiaries and the consolidated view.

Ongoing Managed Support

Azdan manages the platform continuously, covering maintenance, configuration changes, user support across all entities, and proactive monitoring. As AESG adds headcount, opens new offices, and takes on new service lines, the platform is maintained by a dedicated team rather than left to an internal finance function running at capacity.

The Result: One Platform. Seven Currencies. No Manual Corrections.

AESG's finance team now operates with a consolidated financial view that produces automatically. Group performance across seven subsidiaries is accessible without waiting for manual reconciliation to complete. Currency translation runs inside the system. And the platform is structured to absorb what comes next, whether that is new offices, new entities, or new markets, without requiring the business to rebuild its financial infrastructure to accommodate them.

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