Since 2009, Empiricus has established itself as a leader in independent investment research and analysis in Brazil. With the largest team of analysts in the country, the company provides reports, courses, podcasts, and guidance for individual investors, democratizing strategies previously restricted to the professional market.
But rapid growth brought challenges: with over 450 paying subscribers, dozens of new editorial products, and strategic acquisitions like Money Times and Market Makers, the operation became too complex to be managed solely with spreadsheets and manual systems.
The challenge: leaving spreadsheets behind and preparing the business to scale.
Before the project, Empiricus handled all its financial control using Microsoft Office, which required hours of the team's time to consolidate scattered data and increased the chance of errors, especially critical ones in processes such as invoicing and accounting reports.
Furthermore, it needed a system that could handle the integrations generated by acquisitions and the structuring of new businesses, ensuring governance and compliance for an expanding group.
Why choose NetSuite and Active?
To take the next step, Empiricus chose NetSuite OneWorld, with advanced modules such as NetSuite Advanced Revenue Management, NetSuite Fixed Assets Management, and NetSuite Procurement, in addition to specialized support from Active for implementation in Brazil.
The choice was motivated by essential points:
- NetSuite's ability to manage multiple companies and business units on a single platform.
- Advanced features for managing recurring revenue, essential in subscription models like Empiricus'.
- Tax integrations adapted to the complexities of the Brazilian market, enabling the issuance of over 4.500 invoices per day, with complete traceability and compliance.
The results: more time to drive business and less time to organize data.
The impact was immediate. Processes that previously took hours are now completed in minutes, freeing up the finance team for analysis and strategic decision-making.
Automation has drastically reduced errors in billing and reporting, in addition to providing real-time visibility of all group operations, even with different CNPJs (Brazilian tax IDs) and business areas.
In the words of Empiricus' Chief Financial Officer, Thiago Rachi:
“With NetSuite, tasks that previously took hours are now completed in minutes, and our employees can spend less time collecting and organizing data and more time driving the business forward.”
Preparing for the future in a 'blue chip' market.
With the growth of retail investing in Brazil and an increasingly demanding market, Empiricus is now prepared to explore new opportunities and expand its portfolio of financial products.
NetSuite guarantees the scalability, agility, and security necessary for the group to continue being a benchmark in investment analysis in the country.
Want to transform your business like Empiricus did?
Active is the official Oracle NetSuite partner in Brazil and has already helped dozens of companies move away from spreadsheets and migrate to a modern, integrated, and growth-ready cloud-based management system.
Speak with our experts and discover how NetSuite can boost your business.
