How Emerge Saved Over $1.2M with Increased Financial Visibility
Company Size
200-1,000
Region
- America
Country
- United States
Product
- NetSuite
- Mosaic
- Paylocity
- QuickBooks
Tech Stack
- Real-Time Data Visualization
- Custom Workflows
- HRIS Integration
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Digital Expertise
- Productivity Improvements
Technology Category
- Analytics & Modeling - Predictive Analytics
- Analytics & Modeling - Real Time Analytics
- Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Industries
- Transportation
Applicable Functions
- Business Operation
Services
- Software Design & Engineering Services
- System Integration
About The Customer
Emerge is reinventing freight procurement and transforming the $800 billion trucking industry. Built by freight professionals for freight professionals, Emerge enables shippers and carriers to make more empowered, strategic decisions backed by real-time connectivity and AI-driven decision-making, all to maximize cost-savings. Since its inception in 2017, Emerge has been a driving force in transportation procurement, with its marketplace surpassing $6 billion in transportation transactions in 2022. The company has over 1,000 shippers engaging with more than 45,000 carriers, showcasing its significant impact on the industry. Emerge's innovative approach and substantial revenue growth have also helped it raise $130 million in Series B funding in late 2021.
The Challenge
Emerge has been building its advanced digital freight marketplace platform and growing its business into a driving force in transportation procurement since 2017. In 2022, its marketplace surpassed $6 billion in transportation transactions, with over 1,000 shippers engaging with more than 45,000 carriers. That success propelled Emerge to realize substantial revenue growth and helped it raise $130 million in Series B funding in late 2021. But the following year saw the global macroeconomic economy start to slow, and Emerge had to move from hypergrowth to smart growth. To do so, it needed more visibility for its finance team. Emerge had migrated from QuickBooks to NetSuite, but it still needed a way to visualize business and financial performance without spending hours in Excel. And with salaries accounting for most of the company’s spend, Decker wanted to analyze its Paylocity HRIS data along with financial and other business data.
The Solution
As Emerge completed its migration to NetSuite, Decker started evaluating solutions to help the finance team gain more visibility, build forecasts and budgets in less time, and start finding ways to better use cash. Putting a premium on customer service and product capabilities, Emerge chose Mosaic. Mosaic provided real-time data visualization, allowing Emerge to see trends and performance metrics without the need for manual Excel reports. The Mosaic team helped Emerge create custom workflows, such as backfilling actuals with vendor details, building a custom AR Aging metric, creating a customer Overdue Invoice List metric, and customizing GL account numbers and name fields for more flexible reporting. Emerge also integrated Paylocity with Mosaic to visualize headcount data, build staffing models, and gain visibility into workforce costs. This integration allowed Decker and his team to run scenarios on hiring plans, analyze attrition impacts, and make better planning decisions. Mosaic's forecasting and budgeting modules were particularly helpful for Emerge as they prepared for 2023, enabling them to plug in headcount data and instantly see payroll forecasts for the upcoming year.
Operational Impact
Quantitative Benefit
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