Derick Etoe

Implementing a NetSuite solution that reduces business continuity cost by 65%, gives a 360 degree view to businesses, helps comply with both local and international laws, with an award winning consulting team in as little as 45 days

Managed a team of experienced consultants, driving customer success and retention, creating top line growth, client reference ability and improved profitability, and accountable for operational/financial metrics and giving direction to the practice.

Has proven customer engagement skills and track record of delivering, deploying and implementing large enterprise SaaS or cloud-based technologies

Currently partner with several other NetSuite partners including:

• Oracle NetSuite Corporation
• CELIGO Software Inc.
• BPM Advisory LLC
• ARC Consulting Inc.
• CENTIUM Consulting Inc.
• Capgemini Americas Inc.

Expertise include:

• ERP Consulting and Implementation, ERP Audits, Training and Support
• NetSuite Integration Services, Suite-Flow and Suite-Scripting, and Customization
• US Sales Tax, EU, UK and International Taxation,
• Transfer pricing, duties and custom rules,
• US GAAP, IFRS and several other international accounting standards,
• SOX, audits and compliance
• Statutory knowledge in 16+ countries, including France, Israel, Germany, Mexico, Portugal

Cost Controller - NetSuite and PROACTICE (January 2017 - October 2018)

• Enhanced management of Work Centers (AFEs) with spent over $300M annually, running budgets, managing process costing systems including allocating cost to these centers through setting of dynamic allocations and statistical accounting
• Managed inventory audit, internal controls and ensured adherence to cost control and performance methodologies, policies and practices, including setting of bills of materials, production routing, assembly items, work orders and coding/approval of bills/POs

Accounting Manager (NetSuite) and Implementation Lead (April 2012 - December 2016)

• Project lead and advisor during NetSuite implementation from INFOR SUN system; owned data migration, role creation, workflow designs, functional specs review, approval of scripts, project resources management and SLA
• Led NetSuite monthly and annual close for two Addax companies in shared service, including streamlining multi-book and overall GL accounting, reporting (dashboards, reports and searches), implemented best practices
• Enhanced utilization of Fixed Asset Suite-App and provided guidance on budgeting, revenue recognition and expense allocations, including statistical accounting, balance sheet and P&L reconciliations

Accounts Payable Supervisor - INFOR SUN and PROACTICE (July 2009 - March 2012)

• Instituted cost savings strategies; trimmed invoice approvals and automated payable, travel and entertainment processes
• Enhanced payable analysis and financial reporting; achieved curtailed man-hours, reduced cost, and accurate and timely accruals
• Minimized late invoice payment to 6% in 1st year, 3% in subsequent years processing 9,000 transaction monthly

• Configuration/implementation ERPs - QuickBooks Enterprise, QB Online, BS1 Accounting, ADMINSOFT, Sage, Oracle NetSuite ERP
• Performed trainings, re-engineering existing business processes and implementing best practices
• Client project include 3PL, eCommerce, Web services integration, ARM, Multi-book, R2R, OTC, D2B, P2P, Data migration, process automation, Integrations, payment gateways, data migration, workflow designs and customizations, user trainings and testing and overall project inception, requirement gathering, solution design

• SAP FICO super-user and aided other users in Material Management, Sales and Distribution. Spearheaded data migration strategies and role assignments from Sage to SAP
• Led local and regional hub IFRS Reporting teams, consolidated hub financial statements and advised right treatment of transactions, met deadlines and lessened complexity around financials to acceptable levels

• Enhanced accounting and working capital management including statutory financials, corporate taxes, AP/AR and treasury
• Diminished month end financial close by 2 days, moderated accounting error margin to 2% and saved between $30,000 - $50,000 yearly in hiring external consultants for tax return preparation and accounting advisory
• Aided CFO in reducing late invoice payment and disputed invoice claims to 5%, produced sound cash forecast
• Instituted technical accounting guides for successful efforts accounting, enhanced DD&A and DR&A provisions

• Trained clients in accounting system including Sage, QuickBooks, Peach-tree, while implementing systems that ensured compliance to local accounting norms and IFRS
• Enhanced design and effectiveness of internal controls; performed walk-through of complex business processes, analyzed results
• Planned and executed operational audits of various business areas; implemented risk-based audit methodologies