Kiva Taps NetSuite to Remove Logjams and Match More Microloan Applicants With Lenders

Kiva hasn't connected nearly 2 million entrepreneurs in the developing world with $785 million in microloans by moving slowly. Yet the nonprofit found itself held back by antiquated technology that caused delays and imprecision in its financing and reporting processes. Cumbersome manual processes and disparate data sets made auditing and IRS compliance complicated, and expense reports were often delayed a week or more.


Company

Kiva

Location

San Francisco, Calif.

Industry

Nonprofit, Microfinance Loans

Revenue

$785M in Microloans

Employees

50+

Number of USERS

9

Number of COUNTRIES

85

SYSTEMS REPLACED

QuickBooks, Excel

NetSuite Products Implemented

NetSuite Advanced Financials
NetSuite Expense Reporting
NetSuite


“NetSuite allows our finance managers to engage more with our products and systems versus simply dealing with manual data entry, processing and reporting.” Kiva

New Technology Drives Success

1

NetSuite delivers speed and automation

Kiva's NetSuite deployment has paid off in spades. Budget reports are generated in hours instead of days, expense reports are approved quicker, compliance and auditing processes have been automated, and accounting and reporting capabilities have improved.

2

Time to Focus on Essentials

Having delivered expanded capabilities and streamlined processes, Kiva's NetSuite deployment received a SUITEY award for Best Nonprofit Company Solution at SuiteWorld 2012. NetSuite has enabled Kiva to handle growth while focusing on its core mission of connecting microloan borrowers and lenders.

3

Donated technology pays off

Kiva got more than technology from NetSuite. It got a trusted partner and benefactor. Through its NetSuite.org corporate citizenship program, NetSuite donated a comprehensive cloud solution that has helped Kiva to streamline and optimize everything from expense and payables management to accounting, reporting and multi-currency calculations.


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