Case Study: Covisint achieves cloud modernization and faster month-end close with Oracle NetSuite

Amid Business Transition, Covisint Modernizes with Cloud ERP and PSA

Covisint, a B2B cloud platform software provider that was spun off from Compuware and became a standalone public company in 2014, faced an archaic on-premise IT landscape with heavy spreadsheet reconciliations, paper reports and fragmented systems. The company needed a single, scalable cloud platform to accelerate time-to-market, consolidate global financials across subsidiaries (including Germany and China), handle multi-currency transactions and streamline professional services operations.

Covisint selected NetSuite OneWorld (beating Workday and Microsoft Dynamics) and implemented accounting in April 2014, followed by Advanced Projects, Revenue Recognition and ongoing CRM/Recurring Billing rollouts, with China localization by Hipoint. The integrated cloud solution replaced Changepoint, created a single system of record for financials, PSA and revenue, reduced monthly close from 15 to 10 days, improved audit efficiency by 50%, supports 475 users across ~20 currencies, and increased overall global agility.

Covisint