Bethesda, Md. – Nuage Consulting Group, a NetSuite Solution Provider, announced that Topaz Shared Services, LLC, will be using NetSuite’s cloud-based Mid-Market Enterprise Edition, Advanced Financial Planning, and Fixed Assets in its corporate administration. Topaz officially chose Nuage to implement their NetSuite applications on December 19, 2012 and is planning to go live by June 1, 2013.
Topaz is a shared services technology company that provides health care plans with access to an innovative technology platform. The platform deals with core administrative functions of plan management, operations and related services. The result is a suite of services that lowers costs by generating economies of scale – even in the midst of an uncertain industry landscape. The increased access to smart technologies and professional expertise helps plans bring new products to market faster and more efficiently than ever before.
“After evaluating numerous enterprise solutions, we selected NetSuite for its ability to address our requirements today and as we continue to grow. We are confident in Nuage’s ability to implement NetSuite for us on time and under budget,” said Chris Woodfin, CFO for Topaz.
“This NetSuite solution is well positioned to grow with Topaz and to do so in an extremely cost-effective way,” said Eric Hawkins, one of Nuage’s founders.
NetSuite’s Mid-Market Enterprise Edition integrates Accounting / ERP, CRM, Ecommerce and partner collaboration capabilities. The Mid-Market Edition caters to companies that have a smaller catalogue of products and services. NetSuite enables users to make better, faster decisions through real-time business intelligence.
NetSuite’s Advanced Financials module brings robust features such as Allocations, giving users the ability to allocate costs by GL account, class, department or location, and Budgeting, which addresses multiple budgets for tracking different scenarios and the ability to easily create new budgets from existing ones or actual results. It also allows for customizable budget reports and features Advanced Billing to automate billing schedules and commission payments. These enhancements increase process speed, convenience and the bottom line.
NetSuite’s Fixed Asset Management provides an easy-to-manage single version of the truth. This helps reduce spreadsheets and manual effort and provides quick reports on assets, valuations and asset types. Users are also able to manage the complete fixed asset lifecycle from acquisition to depreciation and disposal.
For more information about NetSuite, please visit http://www.netsuite.com/.
About Topaz Shared Services
Topaz Shared Services delivers an integrated technology suite that allows health plans to get new products to market faster, innovate more effectively and gain cost efficiencies. Topaz was formed by Blue Cross and Blue Shield of North Carolina (BCBSNC) and Blue Cross and Blue Shield of Kansas City (Blue KC) in response to impending market changes brought about by the Affordable Care Act, increased competition, and the need to offer consumers new options. The Topaz Integrated Technology Solution will be operational for business effective January 1, 2014.
BCBSNC and Blue KC are independent licensees of the Blue Cross and Blue Shield Association. The cross and shield are registered marks of the Blue Cross and Blue Shield Association; all other marks are the property of their respective owners.
About Nuage Consulting Group
Nuage Consulting Group was founded to address the growing demand for cloud-based business applications. Nuage’s founders each have over 15 years of experience selling and implementing software solutions for small, mid-market and Fortune 500 companies. Nuage’s team has specific industry experience helping non-profits, associations, health care, software, ecommerce and service companies increase their profitability and productivity.
Call 855.NUAGECG (855-682-4324) now to find out how your company or organization can benefit from moving to the cloud.