NEOLIT Kft Improves Visibility and Financial Control With Integrated Enterprise Applications

NEOLIT Kft wanted to create a project accounting system to eliminate inaccuracies in calculating branch costs and returns on investments using project-based accounting and improve financial visibility into transportation and mining operations domestically and internationally with a single source of financial data that spans all operating divisions. NEOLIT Kft established a companywide financial management system with Oracle's JD Edwards EnterpriseOne, eliminating the time, expense, and errors associated with data rekeying and for providing up-to-date information on division-wide and branch performance to the accounting team.