Rayburn Electric Cooperative: Achieving 90% Reconciliation Automation and Streamlined Growth with NetSuite

Rayburn Electric Cooperative

Achieving 90% Reconciliation Automation and Streamlined Growth with NetSuite

Rayburn Electric Cooperative, a member-owned utility in North Texas, provides power to half a million people. To keep up with rapid growth and eliminate time-consuming, spreadsheet-based processes, Rayburn adopted NetSuite ERP, automating financials, payroll, and budgeting for streamlined operations and enhanced service to its members.

Company

Rayburn Electric Cooperative

Location

Rockwall, Texas

Industry

Oil & Gas / Energy

Key Business Challenges

Manual, Spreadsheet-Driven Processes

Core tasks like reconciliations, payroll, and budgeting were labor-intensive and inefficient.

Lack of Centralized Data

Disconnected spreadsheets scattered data, causing inefficiencies in reconciliations and audits.

Rapid Growth

Expansion in high-voltage transmission required scalable solutions to support rising demands.

Netsuite Solutions

Rayburn deployed NetSuite ERP, Account Reconciliation, SuitePeople Payroll, and Planning and Budgeting:

Automated Reconciliation: NetSuite’s Account Reconciliation auto-matches 90% of transactions, reducing manual checks and providing a clear status worklist.
Streamlined Payroll and Budgeting: SuitePeople Payroll and Planning and Budgeting automate tracking and forecasting, enabling managers to monitor budgets continuously.
Digital Workflows: Automated invoice approvals replace paper-based processes, improving organization and efficiency.

“The beauty of NetSuite Account Reconciliation is we can simply import a file and only a few items need manual matching,” says Stephanie Weeks, Controller.

Real Results

Enhanced Efficiency

Automation of key tasks reduces manual work, improving productivity and accuracy.

Centralized Financial Data

A single data source streamlines reconciliations, budgeting, and audits.

Growth-Ready Platform

NetSuite supports Rayburn’s expanded operations, preparing the cooperative for continued growth.

Conclusion

NetSuite has transformed Rayburn Electric’s operations by automating financial tasks, centralizing critical data, and enhancing efficiency. This scalable platform supports Rayburn’s rapid growth, allowing the cooperative to provide reliable, value-driven service to its North Texas members

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