Commercial Solutions
Engage Your Customers
Empower your team while improving efficiency, reducing costs, and transforming how your business serves customers with high expectations. Accurate reports from a consolidated, streamlined system, drive success.
Business Agility
Embrace the unexpected and harness what it can offer your company to drive innovation and transformation for your customers.
Improve Efficiency
Withย greater use of technology,ย centralized systems and processes youย do notย need to worry about manual tasks,ย workarounds, or delays.
Precision Reporting
Consolidate systems, improve functionality, and use poignant metricsย to revolutionize how you work and the results you get.
From Transformation to Preservation
Whether youโre looking for a total transformation, updates to yourย on-premiseย system, or to preserve what you currently have, we can handle whatever it is that you need.ย
RECORD-BREAKING
The Challenge:ย Lyftโs auditor recommended they replace a home-grown system (Bookkeeper) that transformed Platform revenue transactions into accounting rules that feed their NetSuite GL with a commercial subledger system that:
- Improved Auditability and reconcilability (SOX requirements).
- Centralized control.
- Improved month end close.
- Enhanced drill-down revenue analytics.
- Improved financial analysis.
Furthermore, the Auditor recommended this be complete before the next year began, which was in only 5 months. Due to this becoming Oracleโs largest Cloud implementation to date and the large number and complexity of rules they estimated the project would take 15 months.
Employees:
4,600+
The Goal:ย Highstreet was engaged to perform the critical Cloud FAH design and configuration for Lyftโs Oracle Accounting Hub Cloud Service (AHCS).ย Lyft processed 10โs of millions of transactions each day in their ride โPlatformโ and interfaced them in aggregate to NetSuite monthly.
The Results: The AHCS implementation successfully replaced their legacy Bookkeeper homegrown SQL system that feed their NetSuite GL. Lyft now uses AHCS to accept data from their โPlatformโ transaction system daily to create detail subledger transactions for each transaction with reuseable, consistent rules and drilldown capabilities, and then the NetSuite GL a daily summarized journal.
In this record breaking implementation, Highstreet implemented the largest Oracle AHCS configuration with 10 million transactions a day and did it successfully within the 5 month timeline. Lyft realized the following benefits:
- Lyft was able to close their first quarter on the new system in 6 days versus in weeks or more before;.
- An improvement in the data governance and data quality issues across different data domains and functional groups.
- Optimizing compliance, processes and controls and even capturing business value from ever-shifting financial reporting.
- A financial system that supports changing financial reporting needs as the business grows and allow close reports to ultimately be generated faster, more accurately, and with less manual work.
"I wanted to extend a very large thank you to every single person that helped us get through this first Quarter Close. We have already drastically increased our efficiency from January (>20 days) to March (6 days)!โย
Jackie OโDwyer
Manager of Financial Analytics
Lyft
Some of Our Transformations
IT Services
By using the very best solutions available, we drive practical, on-the-ground transformation in your business.
Oracle Cloud Solutions
Cloud Solutions that transform your business with innovative technology, cost savings and efficiency always keeping you ahead of the technology curve.
Managed Solutions
Application Managed Services offerings allow you to take control of your business and leave software maintenance up to the experts.