Just Marketing International Speeds Financial Processes and Global Growth with NetSuite

Just Marketing International

"We're very pleased with NetSuite's capabilities and ease of use. We're able to easily drill down to the transactional level and supporting documentation, and we've definitely found new efficiencies in our processes, enabling us to be more productive. We're doing more with less, and we're doing it faster." Just Marketing International

Company at a Glance

Location:
Indianapolis, IN
Industry:
Motorsports marketing, negotiating sponsorship contracts and planning activations for corporate clients at NASCAR, Indy Car and Formula 1 events
Applications Replaced:
Sage, Peachtree, QuickBooks, Excel

Solutions

Financials
NetSuite OneWorld for global business
NetSuite Advanced Projects for Professional Services Automation (PSA)

Customer Success:

  • Rapid NetSuite implementation with low cost of entry.
  • Reduced monthly financial close from 30 days to 10 days and streamlined revenue recognition processes.
  • Improved budget vs. actuals tracking with real-time data and anywhere, anytime access.
  • Enhanced overall business efficiency, client service and employee productivity.
  • Streamlined multi-currency billings, payments, taxation and reconciliation across about a dozen currencies.
  • Real-time global visibility into critical financial metrics and strong growth to manage $300 million in 2011 client spending.
  • Strengthened accountability with clients with full tracking and documentation of per-project expenses.
  • Fine-tuned business, financial and reporting processes with SuiteCloud customization.

Challenges:

  • Time-consuming manual processes to collect and reconcile financial data from disparate systems.
  • Monthly financial close took 30 days or more.
  • Poor visibility into costs vs. budget and overall project financials.
  • Inconsistent results from significant use of advanced excel formulas.
  • Limited ability to scale as the business grew and to manage effectively across the U.S., Europe and Asia.

Solution:

  • JMI selected NetSuite after considering global on-premise ERP for greater speed of implementation, cost efficiency and management control.
  • NetSuite OneWorld supports global business operations in the UK and Singapore, automating conversion of foreign currencies for transactions with overseas vendors.
  • NetSuite Advanced Projects supplies PSA, enabling project management and per-project profitability optimization.
  • SuiteApp from NetSuite partner Nexonia simplifies time and expense reporting for approximately 100 employees around the world, with support for mobile devices.