Aviation Rental Company Adds 37 Aircraft After Moving to NetSuite

"We have transactions in Euros, British pounds, and Australian dollars and NetSuite copes with the re-translation of these back into our functional currency of US dollars."

—Global Aviation



Results:

  • Since bringing in NetSuite, company has grown from 11 to 48 rental aircraft
  • Greatly accelerated monthly period-end close to 10 business days
  • Web-based cloud computing architecture eliminates need for investing in on-premise resources and staff.

Challenges:

  • Outsourced accounting can't keep up with growth of aviation-rental startup
  • Company serves global airplane-rental market with small management team
  • Dealing with global currencies and tax laws added to complexity of accounting for airplane rentals, debt schedules.

Solution:

  • Replaced outsourcing with NetSuite OneWorld
  • Company now gets full visibility into operations worldwide, with NetSuite serving as a single, centralized financial system for almost 60 subsidiaries and various holding companies
  • Automatic alerts keep company current on billings and debt schedules.







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