The Boston Globe Improves Reporting, adds Efficiencies, Savings with NetSuite

The Boston Globe Media Partners, publisher of The Boston Globe, the largest daily newspaper in New England and the winner of 23 Pulitzer Prizes, found itself in search of a new financial system after the New York Times, its parent company, sold the business to a private investor. Moving from a managed service running on a legacy on-premise system, the company wanted a modern, comprehensive solution.


Boston Globe

Company

Boston Globe Media Partners

Location

Boston, Mass.

Industry

Media/Publishing

Number of USERS

8

OTHER SOLUTION CONSIDERED

Microsoft Dynamics GP

SYSTEM REPLACED

Legacy on-premise system

Netsuite Product Implemented

NetSuite

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“NetSuite has transformed our reporting and month-end close process. I can now wrap up my month-end close responsibilities from home after I put my kids to bed if necessary.” Dave Geary, Controller, The Boston Globe

New Technology. New Opportunities.

Visibility across subsidiaries
With 14 subsidiaries across its print and online publications, The Boston Globe needed a system that could handle multi-subsidiary financial consolidation while providing in-depth drill-down reporting. After evaluating Microsoft Dynamics GP and NetSuite, it chose NetSuite for its robust reporting capability, modern user interface, mobile functionality and cloud-based access.
Real-time visibility and cost savings
NetSuite avoided the need to manage servers and resulting efficiencies reduced the need for one full-time position in the finance department. Previously, report requests could take up to two weeks before being fulfilled. Now, management now has real-time analytics and reporting.
Delivering agility and insight
The luxury of being able to log on to NetSuite anytime/anywhere is proving to be very important to the Boston Globe finance department. Over the next year, the finance employees will be moving to a new headquarters in downtown Boston, a new printing facility outside the city, or they may be working from home. Wherever the location, all employees will maintain the same functionality that they’ve grown accustomed to. Management can continue to monitor business performance in real-time across disparate business units including print advertising, digital advertising, circulation, and commercial printing.

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