AMIRA International Strikes Gold with NetSuite

AMIRA International

"NetSuite is just a breeze to use and has completely transformed our finance function so that we're 20% to 30% more efficient in reporting and operations." AMIRA International

Company at a Glance

Location:
Melbourne, Australia
Industry:
Independent association of minerals companies develops, brokers and facilitates collaborative research projects
Applications Replaced:
Pronto ERP

Solutions

NetSuite
NetSuite Financials

Customer Success:

  • AMIRA International has gained real-time visibility into budgets vs. actuals for member-funded R&D projects in geoscience, mine engineering, minerals processing, extractive metallurgy and sustainability.
  • NetSuite enables AMIRA to better manage its project portfolio of about $60 million invested in approximately 30 projects at any given time by its sponsoring members.
  • Going live in July 2012, NetSuite has given AMIRA's Australian headquarters better centralized controls over operations including multi-currency transactions.
  • Improved financial controls and transparency improve AMIRA International's accountability to 95 member organizations.
  • Automated invoicing has dramatically increased efficiency over what was a manual process, helping improve cash flow forecasting.
  • NetSuite's flexible interface and report builder enables management to analyze project cost to complete accounts on a real time basis.

Challenges:

  • Previous ERP application was difficult to use and required specialized development resources, introducing risk of disruption.
  • AMIRA International lacked timely visibility into per-project costs and income, meaning tedious and time-consuming reporting to piece together information.

Solution:

  • AMIRA International wanted a flexible, easy-to-use cloud solution backed by the resources of a large and credible global software provider.
  • NetSuite selected over multiple ERPs as a low-maintenance cloud solution that offers global flexibility and anywhere, anytime access.