Free Demo
Let's Talk

Success Story | Diamond Group Holding

Diamond Group Achieves a Competitive Edge with NetSuite and Azdan

About Diamond Group Holding

Diamond Group is a specialized financial institution that pools capital from various investors and uses it to make investments on their behalf. They employ experienced professionals who analyze financial markets, identify promising investment opportunities, and manage portfolios. Moreover, they offer a range of investment options, such as stocks, bonds, mutual funds, and real estate.

Company

Diamond Group Holding

Location

United Arab Emirates

Industry

Investment

Azdan Solution

Oracle NetSuite

Employees

200-500 Employees

Diamond Group Holding Website

Transform your business like Diamond Group Holding and sign up for free demo today

Schedule Free Consultation

Business Situation

Diamond Group is a leading investment company in the United Arab Emirates, driven by a strong commitment to excellence, integrity, and client satisfaction. Nevertheless, the company currently grapples with a range of challenges, including:

  • Lack of integration and visibility across different business units and functions
  • Inefficient and manual processes for financial management, procurement, project management, and asset management
  • High operational costs and risks due to outdated and unreliable systems
  • Difficulty in complying with local and international regulations and standards

    • Solution

    Azdan implemented Oracle NetSuite for Diamond Group, including modules like:

  • Financial Modules: Streamlining and automating financial management processes and provide real-time visibility into financial performance
  • Client Relationship Management (CRM): Managing the entire customer lifecycle and improve customer satisfaction and loyalty
  • Procurement Management: Optimizing procurement processes and reduce costs and risks
  • Fixed Asset Management: Tracking and managing fixed assets throughout their lifecycle and comply with accounting standards
  • One World Single Country: Supporting multi-language, multi-currency, and multi-taxation functionalities for expanding business across regions
  • Suite Project: Managing projects from initiation to completion and improve project profitability and delivery

    • Diamond Group Team

    Results

    With NetSuite, Diamond Group achieved remarkable results in various aspects of their business, such as:

  • Faster and more accurate financial reporting and analysis by consolidating data into one unified system
  • Enhanced project management capabilities by gaining real-time visibility into project costs, revenues, and profitability, optimizing resources and customer outcomes
  • Increased operational efficiency by integrating procurement and inventory management, reducing inventory costs by 15% and procurement time by 20%
  • Expanded business across regions and currencies by using the One World Single Country module, supporting multi-language, multi-currency, and multi-taxation