NetSuite OneWorld Enables Leading Advertising Software Company to Manage Global Financial Consolidation, Complex Revenue Recognition and Billing Processes Across Five International Subsidiaries
SAN MATEO, Calif.—March 4, 2015—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials /ERP and omnichannel commerce software suites, today announced that TubeMogul (NASDAQ: TUBE), a leading enterprise software company for digital branding, has gone live on NetSuite OneWorld. TubeMogul replaced other solutions with the NetSuite OneWorld global business management solution in the second quarter of 2014 to help manage global growth with capabilities for global financial consolidation, revenue recognition, billing, reporting and management of multiple subsidiaries that include Toronto, London, Tokyo, Singapore and Sydney.
Implemented by NetSuite Professional Services, NetSuite OneWorld met TubeMogul's criteria for a cloud-based ERP system. With NetSuite OneWorld, TubeMogul streamlined processes of revenue recognition and billing, including prepaid accounts, impressions, customer usage and other criteria that vary by client.
Ranked the fifth-best mid-size business to work for in the United States by Glassdoor, TubeMogul completed its initial public offering in July of 2014. TubeMogul's software enables advertisers to gain greater control of their video advertising spend and achieve their branding objectives. The company's customers include major advertising agencies and brands, such as Lenovo and Hotels.com.
NetSuite OneWorld is the first cloud software solution to deliver real-time global business management and financial consolidation to mid-sized and enterprise companies with multi-national and multi-subsidiary operations. It enables them to automate complex, mission-critical business processes in the cloud from ERP, to CRM to ecommerce. The world's first multi-national cloud ERP solution translates into 19 languages, supports over 190 currencies and exchange rates, and meets regulatory and taxation compliance for more than 50 countries.
Using NetSuite OneWorld, TubeMogul has cut the time needed for global financial consolidation, while enabling automated multi-currency transactions with international clients in about a dozen currencies, including the Japanese yen, Euro, British pound, and the dollars of Singapore, Australia and Canada.
"We have visibility and accuracy with the real-time accounting capabilities in NetSuite," said Scott Cross, VP of Finance at TubeMogul. "We've seen savings in time with NetSuite's ease of use and data access, and with the reporting flexibility and analysis, you can make better decisions."
TubeMogul (NASDAQ: TUBE) is an enterprise software company for digital branding. By reducing complexity, improving transparency and leveraging real-time data, our platform enables advertisers to gain greater control of their video advertising spend and achieve their brand advertising objectives. TubeMogul was incorporated in 2007 and is based in Emeryville, California with operations in New York, London, Singapore, Tokyo, Sydney, Toronto and offices across the United States.
Today, approximately 24,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud ERP suites for divisions of large enterprises and mid-sized organizations seeking to upgrade their antiquated client/server ERP systems. NetSuite continues its success in delivering the best cloud ERP/financial suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud accelerates.
For more information about NetSuite, please visit www.netsuite.com.