Transforming Global Finance Operations with the Cloud

Transcription

1 Transforming Global Finance Operations with the Cloud Vincent Randall Regional Sales Director, NetSuite Rob Paterson Interim CFO & Company Secretary, Objective Corporation

2 NetSuite: #1 Cloud ERP Globally and in ANZ Background Founded 1998 Publicly traded on NYSE: N Offices in 10 countries employees $308.8M+ revenue AU presence for 8+ years Performance World s most deployed cloud ERP Used by 16,000+ organisations 400+ service professionals Used across 110+ countries 99.97% uptime AU s Fastest Growing top FMS #1 Cloud ERP Suite Recognition Asia Pacific Cloud ERP Vendor of the Year 2012 Best Financial Management Best Relationship Management Best Business Software Solution Best Cloud Platform Top 10 Cloud Companies to Watch

3 #1 Cloud ERP Suite 16,000+ Organisations Trust NetSuite

4 NETSUITE.COM.AU

5 TRANSFORMING GLOBAL FINANCIAL OPERATIONS WITH THE CLOUD OBJECTIVE ROB PATERSON

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7 THE OBJECTIVE STORY Founded 1987 Trading on the ASX as OCL since 1990 Revenue $41m 210 Employees Current market cap of $56m Operations in ANZ, UK, Singapore and US We deliver content, collaboration and information sharing solutions for the public sector and regulated industries

8 OBJECTIVE PRODUCTS OBJECTIVE CONNECT Secure file sharing Connected process management FOUNDATION OBJECTIVE ECM Records Management Document Management Drawings OBJECTIVE ONLINE uengage ucreate Committees Workflow Enterprise Search Security Scalability Integration Mobility

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10 BACK TO 2010 INEFFICIENT FINANCE SYSTEM Data mining across global fx consolidation Data retrieval rather than adding insights or value Too much time re-entering and reconciling data across systems? Doing more of your accounting outside of financial app than in It? It's too hard to find out what's really happening across your business right now

11 CUSTOMER DATA HAIRBALL

12 PULLING OUR HAIR OUT!!!

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14 SOLUTIONS EXPLORED / POTENTIAL ISSUES Large ERP vendors explored Small and stretched internal IT department Other Cloud ERP solutions explored Reservations about moving to the cloud Security Application & Operation Access to data at the end of the contract Disaster recovery System uptime

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16 SOLUTION CHOSEN: NETSUITE ONE WORLD Real time processing Global transparency and control Instant fx consolidation Anytime and anywhere access via the cloud Highly flexible solution Ability to seamlessly add additional functionality where appropriate

17 RESULTS & BENEFITS Financial close * 3 times faster Quick & easy data mining across global subsidiaries Flexible reporting, Saved Searches & Dashboard Infrastructure takes care of itself Operational efficiencies re working capital Increased staff morale, productivity and career development Finance team focused on adding value to the business & the ability to do more with the same Added additional functionality subsequent to initial implementation no NS professional services purchased Currently implementing a global payroll solution and expenses, with more planned on the roadmap

18 WHAT WORKED: AREAS TO CONSIDER Incremental Implementation. Not too much too soon Vanilla Out of the Box The search for the perfect solution % is good enough SaaS sprawl. Be diligent granting access to your SaaS application

19 UK APAC/Global FROM Now Nov 2013 The Future??? EXCEL GL Reconciliation Manual EXCEL Reporting Replicon Timesheets & billable exp Netsuite One World Financials UK Sage - Payroll Replicon Timesheets & billable exp T2 - ESS, A/L, Exp 7 Payroll UK A/L Payroll Excel Salesforce - CRM RightNow - Support UK - Manual Expenses Netsuite One World Financials Plus EFT, fixed assets and revenue recognition Global ES Expenses, Payroll and leave managegment RightNow - Support Replicon Timesheets & billable exp Salesforce - CRM Netsuite One World Financials Plus EFT, fixed assets and revenue recognition Global ES Expenses, Payroll and leave managegment Timesheets, billable expenses & HRIS. CRM / Customer Support Netsuite Application integration with HR with Silk Road systems MYOB Accounting System T2 - ESS, A/L, Exp 7 Payroll Salesforce - CRM RightNow - Support UK - Manual Expenses UK A/L Payroll Excel UK Sage & MYOB Fin System UK Sage - Payroll Manual EXCEL Reporting EXCEL GL Recs UK Sage & MYOB Fin System MYOB Accounting System UK A/L Payroll Excel EXCEL GL Recs UK Sage - Payroll UK - Manual Expenses UK Sage & MYOB Fin System MYOB Accounting System T2 - ESS, A/L, Expenses Manual EXCEL Reporting EXCEL GL Recs UK A/L Payroll Excel UK Sage - Payroll UK Sage & MYOB Fin System MYOB Accounting System UK - Manual Expenses RightNow - Support Manual EXCEL Reporting Replicon Timesheets & billable exp T2 - ESS, A/L, Expenses Salesforce - CRM

20 SUMMARY : OUR CONTINUING JOURNEY Numerous operational efficiencies across our global organisation. Plus opportunities for more Do not forget your people, processes or systems. Technology has be our enabler... Holistic view of the business: Single version of the truth Elimination of the customer data pain point The potential to transform your business for the better

21 THANKS FOR LISTENING Q & A