Software Maker Consolidates Financials for 19 Subs in 19 Countries with NetSuite OneWorld

"We now have a world-class SaaS ERP system in NetSuite OneWorld with our multiple subsidiaries in North and Latin America, Europe and Asia-Pacific, yet the software is so easy to use that we can get new users up to speed very quickly — which is key to our successful overseas expansion."

—SuccessFactors

Results:

Saving $250,000 annually in IT salaries that would be required for on-premise ERP software
Saving 33% of equivalent costs of on-premise servers and software
NetSuite OneWorld's multi-currency, multi-tax features help SuccessFactors facilitate financial reporting, compliance with Sarbanes-Oxley and other requirements.

Challenges:

Wanted to exploit growth potential of international markets, but avoid the costs of ramping up in-house IT resources
Key business processes were hampered by bottlenecks in existing business software
Financial reporting slow and unreliable.

Solution:

Replaced QuickBooks with NetSuite OneWorld for more than 100 users
NetSuite OneWorld consolidates financials for 19 subsidiaries in 19 countries spanning North America, South America, Europe, and Asia-Pacific
NetSuite partner Avalara added sales tax compliance controls for local regions
Revenue recognition capabilities simplifying tasks for SuccessFactors' finance team vs. previous solution
NetSuite dashboards let SuccessFactors managers and accountants track sales, expenses, and other KPIs in real-time.