NetSuite OneWorld Helps Online Employment Firm Boost Global Business Performance

"NetSuite gives us the real-time information we need, when we need it – and no matter whether we're on the road or in the office. And NetSuite is flexible enough for us to adapt it at any time to suite our needs."

—Bayt.com



Results:

  • Bayt's network of offices now has immediate access to integrated ERP information and business processes
  • With NetSuite OneWorld, financial reports are now delivered in half the time of the old system, and financial audit trails help managers and auditors quickly identify any reporting anomalies
  • NetSuite OneWorld's multi-currency, multi-subsidiary capabilities support Bayt's strategy to simplify business management by treating remote offices as local subsidiaries
  • Dashboard-based business intelligence helps managers analyze business performance to make more informed decisions
  • NetSuite's cloud architecture simplifies remote access for Bayt employees and eliminates the cost and effort of installing and maintaining servers and in-house software

Challenges:

  • Limited business software couldn't handle the reporting and billing complexities of multi-national online employment company
  • The software made it difficult for managers to implement revenue recognition processes for subscriptions
  • Financial reports were slow and inaccurate, and audit trails were difficult to track

Solution:

  • NetSuite partner Navigant Solutions helped Bayt with phased implementation and training
  • NetSuite is able to integrate with Bayt's internally developed CRM system
  • The company will add NetSuite modules, such as Revenue Recognition, as needs appear
  • Bayt gets automatic updates of NetSuite's cloud software, so the company doesn't have to worry about keeping up with the latest version







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