Case Study
Corel Corporation: System Customization at it’s finest
Our customized enterprise management solutions drastically increased operations visibility in this case study.
“We simplify workload by providing a robust ERP platform created exclusively for global business needs, such as managing different countries, currencies, and legal obligations.”
Alex Olano
CEO & Managing Partner
Trajectory Group
At a glance
CLIENT
Corel Corporation
INDUSTRY
Software
SERVICE
ERP Customization
SOLUTION PARTNER
Trajectory
About the Client: Corel Corporation
Do you remember COREL from back in the days? Well, Corel Corporation is a leading global software company with over 100 million users. Based in Ottawa, Canada, they provide full-featured, easy-to-use productivity, graphics, and digital imaging software.
Looking for a Centralized ERP Solution
COREL faced a number of challenges as they approached the necessary replacement of their original legacy enterprise management system. They wanted to simplify how it managed finances, but with numerous business lines and global vendors spanning multiple countries. The ability to operate in different currencies, comply with international tax laws, and produce accurate reporting was paramount. Additionally, they needed a cloud solution that would display real-time inventory and prices for resellers.
Project Highlights
Strategy: While they had considered upgrading the current system, licensing costs would have equalled the cost of implementation. Additionally, the legacy system would have required two to three years to roll out, while NetSuite could be implemented in less than 8 months.
They chose us for the implementation, given our reputation for supporting global companies operating in multiple currencies. Our strategy for this NetSuite customer was simple: Combine all instances into a single database that updates in real-time, while providing room to customize currency and market details.
Process: We combined eleven (11) instances into a single database and replaced all of the connections with their legacy system via integration updates. We helped reduce ERP implementation costs by facilitating the execution of an extensive data migration plan. We trained the Corel team so that they could do some of the work in-house.
ERP Lessons Learned
Alex Olano
CEO & MANAGING PARTNER
TRAJECTORY GROUP
YOUR JOURNEY
STARTS HERE
Take control of your company’s path to success. Set new goals, keep moving.
Digital Transformation for Large Organizations Demystified
Successfully implementing digital transformation, especially for large organizations, requires a strategic approach. The path to realizing value creation includes the balancing of technology, methodology, and pedagogy elements. Successfully implementing the four tactical pillars of digital transformation success: a business-first mindset, strategic project phasing, collaborative implementation teams, and consistent onboarding and support paves the way towards value creation.
The Next Frontier in Business Transformation: AI-Driven Operational Improvement for Mature Technology Ecosystems
Learn about how AI/Machine Learning is driving technology transformation innovation for mature technology ecosystems.
Optimal Customization: Leveraging Elite Business Understanding and Technical Capabilities to Unlock Operational Improvement
Read on to learn about how to unlock operational improvement via optimal customization along with the essential concepts that you need to understand to pave the way for technology-driven operational improvement success.
Contextualizing and Harnessing Institutional Knowledge with AI to Optimize Operations
Explorе the pivotal role of institutional knowledge in optimizing opеrations and the possibilities offered by advanced tеchnologiеs like AI. We’ll also spotlight Trajеctory’s groundbrеaking InitusGPT for AI-powered knowledge management.
Harnessing the Artificial Intelligence Revolution for Operational Excellence
Learn how you can use Artificial Intelligence & Machine Learning to meet evolving customer needs and accelerate digital transformation.
Strategic Misalignment Between Private Equity Operating & Portfolio Company Management Teams
Read on to learn more about the common areas of misalignment and how to mitigate them by aligning on the strategic plan, fostering and executing clear communication, and building trust.
Implementing Technology Solutions Alone Does Not Equate to Operational Improvement
Explore the similarities between the conditions/processes that make for not only successful technology transformations, but also successful general business transformation initiatives.
Realistic Expectation Setting | Operational Improvement Series
Learn about the related factors of timing, budget, resourcing and scope and about 10 tips for setting realistic expectations.
10 Barriers to Implementation Success | Operational Improvement Series
Let’s explore the 10 barriers to implementation success and how to mitigate them to achieve effective technology transformation.
More than a One-off Endeavor | Operational Improvement Series
The importance of fostering an iterative operational improvement mindset and action plan are critical to supporting the on-going optimization of business processes.
Robust Technology Infrastructure for the New eCommerce Era
Learn about recent eCommerce trends, characteristics of the emerging eCommerce era and how one Trajectory client, La Bota Roja, quickly implemented a robust eCommerce technology ecosystem to not only keep up, but to set themselves up for future eCommerce success.
Explore the Professional Service Automation Possibilities of OpenAir (PSA)
NetSuite OpenAir is a solution that brings project accounting to your fingertips. Automating Invoicing, Revenue Recognition, and Project profitability, among others.
The Golden State to Lone Star State Corporate Migration – #Texit
Texas is the state that everyone is looking at right now. The tech hub and the Dallas deal-making culture seem to be the staging ground for the next big software uprising.
Shopify Unite 2021: Key Announcements for Developers & Store Owners
Here’s a round-up of the best announcements from last week at the annual partner and developer conference, Shopify Unite 2021.
Private Equity Insight: Optimizing the PE Tech Stack
What exactly is an ERP? How can it be effectively implemented? How can the right PE technology stack build operational value?
Private Equity Insight: A Technology Partner For Operating Teams
With the increased competition in the Private Equity sector, we must adjust to a value-creation mindset.
Operational Improvement: A Private Equity Roadmap to ERP
When creating operational value for a Portco, few technology improvements can be as efficient as an ERP system.
Capitalize on Evolving Consumer Trends with eCommerce
Online purchases have skyrocketed in 2020. Businesses without an online presence during this time are missing out on all the action!
Securing Cash Flow and Simplifying Payment Cycles
Problems caused by the pandemic has taken time away from tackling larger challenges. This problem is compounded by not receiving or making payments on time.
A Trajectory Group product: Master NetSuite like a Pro with Cognita
Cognita is the first learning management platform providing NetSuite courses to improve everyone’s knowledge.