~$ 268 M
Annual Revenue
500
Employees
3
Business Segments
2
Countries (USA + India)
NASDAQ
Listed Company
- Overview
Producing Low- and Negative-Carbon Fuels Across Three Continents
This NASDAQ-listed renewable fuels company produces low- and negative-carbon products across three business segments: California ethanol, California dairy renewable natural gas (RNG), and India biodiesel and refined glycerin. Headquartered in Cupertino, California, the organization develops and deploys technologies that replace fossil fuels — operating the Keyes ethanol plant in California alongside dairy biogas, sustainable aviation fuel (SAF), and renewable diesel (RD) initiatives.
With approximately 500 employees and $268 million in annual revenue, the organization operates across multi-entity, multi-currency environments spanning US and India subsidiaries. The financial complexity of managing consolidated reporting, intercompany accounting, India regulatory compliance (e-invoice and e-way bill), and real-time planning across distinct production segments required a robust ERP foundation with deep integration capabilities.
Three distinct production businesses — ethanol, renewable natural gas, and biodiesel — consolidated under one Microsoft Dynamics 365 platform, with automated bank integration, BlackLine reconciliation, and Adaptive planning delivering real-time financial clarity.
DynaTech Systems implemented D365 Finance & SCM with a focus on multi-entity financial consolidation, FIFO-based production and inventory costing, automated bank integration with Bank of America, BlackLine financial close integration, Adaptive planning synchronization, and India-specific e-invoice and e-way bill API compliance.
- Renewable Ethanol (California)
- Dairy Renewable Natural Gas
- Biodiesel (India)
- Refined Glycerin
- Sustainable Aviation Fuel (SAF)
Low- and Negative-Carbon Products Replacing Fossil Fuels
Across three production segments — California, India, and RNG — the organization produces a range of renewable fuels, gases, and biochemicals, with several high-value by-products captured as part of each production process.
Renewable Ethanol (California)
Corn-based ethanol produced at the Keyes plant through grinding, fermentation, and distillation. CO₂ generated during fermentation is captured as a by-product. FIFO-based batch tracking ensures complete traceability and cost visibility.
Dairy Renewable Natural Gas (RNG)
RNG produced from cow dung and chemical catalysts at California dairy farms — purified and upgraded to pipeline-quality renewable gas. Negative-carbon intensity qualifies for premium credits under California's Low Carbon Fuel Standard.
Biodiesel (India)
Biodiesel produced from feedstock, animal tallow, and vegetable oils with FIFO-based batch consumption. Crude glycerin and red biodiesel captured as by-products. Distilled biodiesel produced through a subsequent high-purity distillation process.
Refined Glycerin (India)
Crude glycerin processed with chemicals and heat treatment to produce refined glycerin — a high-value biochemical used in personal care, pharmaceutical, and industrial applications globally.
Sustainable Aviation Fuel (SAF) & Renewable Diesel
Next-generation low-carbon fuel initiatives in development for aviation and road transport — part of the organization's long-term strategy to expand carbon reduction across hard-to-decarbonize sectors.
Carbon Credit Products
Negative-carbon RNG and low-carbon ethanol generate valuable Renewable Identification Numbers (RINs), Low Carbon Fuel Standard (LCFS) credits, and renewable energy certificates — creating significant additional revenue streams alongside fuel sales.
5 Core Business Functions Across Multi-Entity Renewable Operations
The organization operates critical business functions spanning procurement, production, sales, inventory, and finance — all consolidated under Microsoft Dynamics 365 Finance & SCM with multi-entity and multi-currency support for US and India operations.
01
Procurement & Vendor Management
End-to-end procurement cycle for raw materials including corn, used cooking oil, animal tallow, vegetable oils, enzymes, and chemicals — from requisition creation through purchase order processing and supplier invoice management. Effective payment management streamlines overall business cash flow across both US and India entities.
02
Production & Manufacturing
Manages four distinct production processes: Biodiesel production (feedstock processing with FIFO batch consumption and overhead allocation, capturing crude glycerin and red biodiesel as by-products); Distilled Biodiesel (high-purity distillation with FIFO tracking); Refined Glycerin (crude glycerin processing with chemical treatment); Ethanol (corn grinding, fermentation, distillation with CO₂ by-product capture); and RNG (cow dung processing with purification and pipeline-quality upgrading).
03
Sales & Customer Management
Large contract-based sales of biodiesel, refined glycerin, and other products managed with predefined pricing structures through sales agreements. Customer orders processed through sales orders, delivery notes, and invoicing workflows. Streamlined collection and payment processes have strengthened overall cash flow efficiency.
04
Inventory Management
Real-time tracking of raw materials, WIP, and finished goods across multiple production locations. FIFO-based batch and lot-level tracking ensures complete material traceability across all production stages for both US and India operations — critical for carbon credit qualification and regulatory reporting.
05
Finance & Accounting
Multi-entity and multi-currency financial consolidation for US and India operations — including month-end and year-end closing, intercompany accounting, and automated Bank of America API integration. BlackLine integration automates account reconciliations, variance analysis, and intercompany matching. Adaptive integration provides real-time planning and reporting. India statutory compliance via e-invoice and e-way bill API integration.
From Raw Feedstock to Carbon-Negative Fuel — Fully Traced in D365
Each production segment follows a distinct but D365-governed process flow — from feedstock procurement and FIFO batch production through financial consolidation and regulatory reporting — ensuring complete operational and financial transparency across all three businesses.
FIFO Batch Production & By-Product Costing
All production processes use FIFO-based batch consumption with overhead cost allocation. By-products (CO₂, crude glycerin, red biodiesel) are costed and tracked automatically within each production batch for full margin visibility.
Multi-Entity Financial Consolidation
Consolidated Balance Sheet, Consolidated Income Statement, Balance Sheet by class, and Quarterly Income Statements produced across US and India entities — with automated intercompany elimination and multi-currency revaluation.
India Regulatory Compliance (E-Invoice & E-Way Bill)
API-based e-invoice and e-way bill integration ensures full compliance with India's GST and logistics regulatory requirements — automating invoice registration and waybill generation for India subsidiary operations.
Real-Time Planning & Reporting (Adaptive)
Trial balance synchronization between D365 and Adaptive Insights provides real-time financial planning, reporting, and variance analysis — enabling management to track actual vs. planned performance across all three production segments.
Automated Bank Reconciliation (BlackLine)
GL balances, subledger details, and trial balance data integrated with BlackLine for automatic account reconciliations, variance analysis, transaction matching, and intercompany accounting reconciliations — reducing month-end close time significantly.
Contract-Based Sales & Collections
Sales agreements govern large-volume biodiesel, glycerin, and ethanol contracts with predefined pricing. Sales orders, delivery notes, and invoicing workflows manage order-to-cash with automated collections tracking and cash flow visibility.
An Integrated Microsoft Platform with Best-in-Class Financial Close Tools
The technology landscape is anchored by D365 Finance & SCM, extended with BlackLine for automated financial close, Adaptive for real-time planning, and Bank of America API integration for payment automation — all hosted on Microsoft Azure.
-
D365 Finance & SCM
Core ERP · Multi-Entity Finance
-
BlackLine
Financial Close & Reconciliation
-
Adaptive (Workday)
Planning & Reporting
-
Bank of America API
Payment & Receipt Integration
-
E-Invoice / E-Way Bill APIs
India Regulatory Compliance
-
D365 Financial Reporting
Consolidated BS / IS Reporting
-
Microsoft Azure
Cloud Hosting & Integration
-
Microsoft/Core
-
Third-Party Integration
Automated Financial Workflows from Bank to Board
D365 Finance & SCM serves as the financial hub, with automated bank payment and receipt processing, real-time planning synchronization, automated close workflows, and India regulatory compliance — eliminating manual intervention at every financial touchpoint.

Purpose-Built Solutions for Renewable Fuels Operations
DynaTech Systems delivered targeted integrations and reporting customizations to address the organization's multi-entity consolidation, automated financial close, real-time planning, and India regulatory compliance requirements.
Bank of America Payment & Receipt Integration
Payment file integration and receipt file integration with Bank of America via API — automating the complete bank payment and collection cycle for US operations with real-time reconciliation and cash management visibility.
BlackLine Integration — Automated Financial Close
GL balances, subledger details, and trial balance data integrated with BlackLine for automatic account reconciliations, variance analysis, transaction matching, and intercompany accounting reconciliations across US and India entities.
Adaptive Integration — Real-Time Planning
Trial balance synchronization between D365 and Adaptive Insights for real-time financial planning, reporting, and analysis — enabling management to maintain continuous visibility into actual versus budgeted performance.
E-Invoice & E-Way Bill API Integration (India)
API-based integration for India subsidiary — automating e-invoice registration and e-way bill generation in compliance with India GST and logistics regulations, eliminating manual regulatory reporting for every India transaction.
Consolidated Financial Reporting
Custom consolidated financial reports including Consolidated Balance Sheet, Consolidated Income Statement, Balance Sheet by Class, and Quarterly Income Statement — providing multi-entity financial visibility across US and India operations with automated intercompany elimination.
Inventory Costing — FIFO Batch Tracking
FIFO-based batch and lot costing across all five production processes — ethanol, biodiesel, distilled biodiesel, refined glycerin, and RNG — with overhead cost allocation and automatic by-product costing for complete production margin visibility.
Project At a Glance
Microsoft Dynamics 365 F&SCM Implementation
-
Industry
Renewable Fuels & Biochemicals
-
Organization Size
500 Employees
-
Annual Revenue
~$268 Million
-
Headquarters
Cupertino, California, USA
-
Geographic Presence
USA (California) · India Subsidiary
-
Business Segments
Ethanol · RNG · Biodiesel & Glycerin
-
Stock Listing
NASDAQ Listed
-
Core Platform
Microsoft Dynamics 365 Finance & SCM
-
Solutions Delivered
-
Implementation Partner
DynaTech Systems
Multi-Entity · Finance · Integration