How Cyrq Energy Slashed Reporting Time and Saved $50K/Year with Coefficient
"I was able to start working with Coefficient out of the box and recall information instantly. This took us months to do with another NetSuite data connector."
Sam Sholeff
Director of Finance at Cyrq Energy
Cyrq Energy’s lean finance team faced a daunting challenge. They needed to deliver complex financial reports to their infrastructure sponsor while managing data from multiple geothermal power plants across the Western US. Their existing tools either cost too much or required endless Excel manipulation that slowed everything down.
With Coefficient, they discovered a sweet spot. The team rebuilt their entire data pipeline in days—work that previously took months. By performing 80% of their data cleaning directly in NetSuite before pulling it into Excel, they transformed their reporting process. Today, Cyrq saves over $50,000 annually in software costs while cutting several hours from their weekly workload.
The Challenge
Enterprise tools were too expensive while basic solutions forced all data manipulation into Excel, and their Adaptive Planning software became unreliable with constant sync failures.
The Solution
Coefficient provided direct NetSuite-to-Excel connectivity that allowed 80% of data cleaning to happen in the source system before export.
The Result
Rebuilt months of work in days, saved $50K+ annually in software costs, and cut several hours from their weekly reporting workload.
- NetSuite - Finance / Accounting
- Macabacus
- Adaptive Planning by Workday
- Centralized Maintenance Management System
- Expense Reporting Software
Cyrq Energy operates geothermal power plants throughout the Western United States. Backed by a leading infrastructure financial sponsor, the company manages long-term power purchase agreements with major utilities. With a corporate office of fewer than 20 people, Cyrq relies on efficient tools to meet the substantial monthly, quarterly, and annual reporting requirements from their ownership group.
Use Cases
- Financial Statement Automation: Direct pipeline from NetSuite ERP to shareholder reporting packages
- Complex Corporate Structure Reporting: Multi-entity consolidation with automated data manipulation for high-level presentations
- Monthly Close Acceleration: Streamlined data extraction reducing close timeline and improving accuracy
- Cross-Departmental Data Access: Expanding beyond finance to operations and supply chain teams using NetSuite data
- Advanced Filtering in Source System: 80% of data cleaning happens in NetSuite before Excel import
- Real-Time Data Updates: Instant information recall replacing manual exports and failed syncs
Interview Highlights
On previous tool limitations:
“More ‘bare bones’ solutions, while cheap and easy to get started, are only capable of accessing NetSuite’s record-level data and forced us to do our data cleaning/manipulation in Excel. This slowed refresh times down and made troubleshooting/tying out painful.”
On why Coefficient works:
“Coefficient is competitive because it accesses more than just the base dataset in NetSuite. Our team can do 80% of our data cleaning/filtering in our ERP system and call those results to Excel.”
On expanding usage:
“We believe we can expand our user base internally to everyone who is utilizing ERP data to build reports. Coefficient is great for anyone wanting to manipulate and make presentations on information that is stored in a database, so for our company this extends to our supply chain and operations teams.”
On the business case:
“We’ve avoided the much higher costs of similar packages that offer this connectivity, at least $50,000 / year in savings. And, the automated data pipeline from our ERP to Excel saves our teams at least a few hours a week.”
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