Global Education Company Gains Agility and Reduces Costs by Implementing NetSuite OneWorld for All Business Operations Outside the US

"One of the key reasons we chose NetSuite OneWorld was the combination of its multi-entity consolidation functionality combined with the capability to tailor the system to meet unique business requirements of each individual subsidiary. " Knowledge Universe

Company at a Glance

Location:
Singapore
Industry:
Education
Applications Replaced:
On-premise ERP systems

Solutions

NetSuite OneWorld

Customer Success:

  • Reduced ongoing systems costs by 70% while gaining advanced multi-currency consolidation and increased organizational flexibility.
  • Two-tier ERP model gives headquarters greater visibility into diverse brands and operations across multiple continents, with while empowering subsidiaries with flexible local control and management.
  • Realized fast four-month initial rollout of NetSuite OneWorld across 6 subsidiaries in Asia Pacific Region.
  • NetSuite's user-friendly capabilities and self-service features drove rapid adoption among hundreds of users with simple training.
  • Global education company gains agility and reduces costs by implementing NetSuite OneWorld for all business operations outside the US, while preserving its investment in Oracle for US operations with manual consolidation between NetSuite and Oracle, for an overall two-tier ERP deployment.

Challenges:

  • Knowledge Universe, a $2 billion plus global education company with 40,000 staff across 3,700 locations worldwide, needed a solution that could be rapidly deployed and scaled to existing and new subsidiaries to keep pace with growth.
  • The cost of implementing an on-premise ERP solution for subsidiaries and new acquisitions would be cost prohibitive in most cases for the company's rapid expansion plans.
  • Knowledge Universe needed flexibility and transparency into ERP, financial management, reporting and analysis in the company's subsidiaries.

Solution:

  • Knowledge Universe selected NetSuite OneWorld for ERP and financial management at its businesses outside the US, expanding to 6 brands and 5 currencies in the first iteration.
  • The company leverages NetSuite OneWorld's multi-company and multi-currency capabilities and uses the SuiteCloud platform to customize for each brand and market.
  • NetSuite OneWorld delivers a powerful cloud-based solution for all of Knowledge Universe's global operations except its legacy US operations use Oracle Financials, providing a real-time consolidated view of performance across distributed subsidiaries.