Today, technology has come a long way to make any business capable of competing, not just on a local or regional scale, but also in the global marketplace. How is that possible? A company needs to be data driven, innovative, agile and rapidly responsive to market dynamics.
Here are five ways technology can help organizations meet the demands of today:
Manage business units, multiple subsidiaries, and legal entities
Oracle NetSuite gives organizations a clear view into every level of business performance, from summary to detail, through comprehensive financial and operational role-based dashboards and real-time reports.
For example, Blu Coffee Distributors, a B2B merchant of premium Italian coffee and equipment, aims to take advantage of the soaring demand for premium coffees across the Philippines. The need to be agile prompted the company to select NetSuite OneWorld, primarily to eliminate the complexity of its existing business management system and streamline their processes. NetSuite OneWorld is also scheduled to be rolled out at Panville Unique Distributors, the parent company of Blu Coffee Distributors.
Ensure seamless global accounting and consolidation
Oracle NetSuite has built robust financial reporting capabilities that enable an organization to understand what is happening across the global business in real-time. It is designed to provide an instant global view of the business with specific drill-down to the subsidiary or business unit level anywhere in the world. NetSuite OneWorld also provides a multi-language user interface that helps bridge communication barriers.
Naturale Labs, a subsidiary of Dragon Edge Group that innovates and challenges established conventions in the fast-moving consumer goods (FMCG) industry, runs on Oracle NetSuite to operate its mission-critical business processes in the cloud. These include financials, sales reporting, order and inventory management, distribution, and purchasing from suppliers and manufacturers. The company is now able to efficiently manage distribution to retailers that offer Beach Hut products in more than 3,000 supermarkets, convenience stores and other retail locations in the Philippines. With the advantage offered by real-time monitoring of sales and inventory across multiple locations, the company is able to ensure its network of retail partners are stocked according to seasonal demands.
In addition, with NetSuite OneWorld, Naturale Labs improved its business speed and precision while gaining the flexibility for further expansion in the Philippines and internationally. Through NetSuite OneWorld, the company is also able to dramatically reduce manual processes in its local operations, enabling them to gain the efficiency needed to focus on more strategic business initiatives.
Facilitate real-time visibility anywhere
NetSuite OneWorld accelerates financial processes with multi-currency consolidation and real-time roll-up across accounts receivable, accounts payable, payroll, inventory, billing, invoicing and order fulfillment, from local in-country operations, to the regional offices, to global headquarters.
Unilab, the leading pharmaceutical company in the Philippines, has selected Oracle NetSuite as they aimed to move to the cloud for purposes of business continuity. Oracle NetSuite provided an agile platform that is pivotal in continued innovation and growth.
With Oracle NetSuite, Unilab now has real-time data visibility to track product sales and promotions, rather than relying on manual reports from distributors. Vital information is standardized and accessible for both Unilab and partners. As a cloud-based system, NetSuite also provides a disaster-protection measure that would stabilize the entire system during unexpected events like typhoons.
Provide exceptional global business intelligence
With real-time visibility across the entire enterprise, NetSuite allows unprecedented access to financial, customer and business data worldwide. It provides multiple levels of consolidated reporting and enterprise-wide Key Performance Indicators (KPIs), displayed in real time on dashboards from which top management can draw precious useful insights.
With NetSuite, Sanitary Care Products Asia (Sanicare), the premiere manufacturer of home and facial paper products in the Philippines, was able to support and fuel its rapid business growth. Ever since Sanicare upgraded to NetSuite from Microsoft Dynamics GP, it was able to streamline the processing of 20,000 invoices and 2,000 payables per month, cutting down the number of days needed to generate financial statements from 10 days to five. It is also now able to manage relationships with 1,000 vendors.
The NetSuite cloud has also protected Sanicare’s vital records and data-driven relationships from fire or other disaster events. The solution grows as Sanicare’s needs grow and they now have the tools to understand how their business is performing at all times, from the largest retail store down to the smallest shops.
Support nonprofits with international capabilities
NetSuite OneWorld delivers a real-time, unified global business management platform for international NGOs and nonprofit organizations that manage multi-national and multi-subsidiary operations, at a fraction of the cost of traditional on-premise ERP solutions. This is in line with NetSuite OneWorld’s extensive capability to streamline multi-subsidiary operations and provide real-time visibility at the local, regional and headquarter levels.
Coca-Cola Foundation Philippines, an organization that provides opportunities for livelihood and education, emergency assistance during disasters, and an improved environment, has gone live on Oracle NetSuite after retiring its on-premise software for the greater functionality, efficiency and capacity for business growth available through NetSuite’s integrated cloud business management software suite.
Upgrading to NetSuite, Coca-Cola Foundation Philippines is able to run its core business processes — all within one integrated software system and without a dedicated IT staff. As a result, the nonprofit organization has gained process automation and real-time visibility into critical business metrics not possible with its former software to better fulfill its mission of socioeconomic improvement.
Hazel del Rosario-Lee is the senior director, worldwide support and managing director, Oracle NetSuite Philippines