Azdan Case Study

Diamond Group Achieves a Competitive Edge with NetSuite and Azdan

Diamond Group Holding

Industry

Investment

Country

United Arab Emirates

Client Website

Solutions Deployed

Oracle NetSuite

Business Situation

Diamond Group is a leading investment company in the United Arab Emirates, driven by a strong commitment to excellence, integrity, and client satisfaction. Nevertheless, the company currently grapples with a range of challenges, including: •

Lack of integration and visibility across different business units and functions •

Inefficient and manual processes for financial management, procurement, project management, and asset management •

High operational costs and risks due to outdated and unreliable systems •

Difficulty in complying with local and international regulations and standards

Solution

Azdan implemented Oracle NetSuite for Diamond Group, including modules like: •

Financial Modules: Streamlining and automating financial management processes and provide real-time visibility into financial performance •

Client Relationship Management (CRM): Managing the entire customer lifecycle and improve customer satisfaction and loyalty •

Procurement Management: Optimizing procurement processes and reduce costs and risks •

Fixed Asset Management: Tracking and managing fixed assets throughout their lifecycle and comply with accounting standards •

One World Single Country: Supporting multi-language, multi-currency, and multi-taxation functionalities for expanding business across regions •

Suite Project: Managing projects from initiation to completion and improve project profitability and delivery

Results

With NetSuite, Diamond Group achieved remarkable results in various aspects of their business, such as: •

Faster and more accurate financial reporting and analysis by consolidating data into one unified system •

Enhanced project management capabilities by gaining real-time visibility into project costs, revenues, and profitability, optimizing resources and customer outcomes •

Increased operational efficiency by integrating procurement and inventory management, reducing inventory costs by 15% and procurement time by 20% •

Expanded business across regions and currencies by using the One World Single Country module, supporting multi-language, multi-currency, and multi-taxation