NetSuite Helps Charter School Services Provider Cut Client IT Costs in Half
"With a single instance of NetSuite, we're running 30 schools as if they were business subsidiaries. This results in economies of scale that let us offer far more functionality than before, but at less than half the cost."
—Steve Campo, President and CEO, EdTec
Results:
- EdTec delivering greater functionality to school-clients at less than 50 percent of the cost of outsourced IT service
- NetSuite economies of scale let EdTec offer 30 schools knowledgebase with more than 600 tutorials on a multitude of subjects
- NetSuite real-time reporting capabilities help schools track complex, constantly changing charter school compliance rulings
- EdTec now able to take on more school-clients while maintaining its position as California's top provider of high-function charter school services
Challenges:
- EdTec wanted to maintain double-digit growth rate as charter schools IT provider
- California charter schools caught between tightening budgets and growing compliance demands
- EdTec needed to offer more functionality than its outsourcing model would permit
- Wanted solution that would scale to handle dozens of charter schools
Solution:
- Chose NetSuite over Salesforce.com and Quickbooks for breadth of functionality, cost effectiveness
- Chose cloud computing over traditional hosting because of significant cost advantages
- Cloud computing model let EdTec from outsourcing to offering self-service IT for schools
- NetSuite let EdTec add strategic planning, compliance monitoring, other functions to schools' accounting capabilities
- Single NetSuite installation now lets EdTec run growing list of 30 schools as separate subsidiaries
- Personalized NetSuite dashboards let EdTec customize information delivery for school administrators, officers, board members, and auditors