SAN JOSE, Calif. and
SYDNEY, May
18, 2016 /PRNewswire/ -- NETSUITE SUITEWORLD 2016 --
NetSuite Inc. (NYSE: N), the industry's leading provider of
cloud-based financials / ERP and omnichannel commerce software
suites, today announced that Mons Royale, a global apparel
manufacturer and wholesaler of high performance merino clothing has
deployed NetSuite OneWorld for business efficiency and growth. Mons
Royale is using NetSuite OneWorld for financial consolidation,
inventory management, multi-currency for AUD, NZD, Euro, Swiss
Franc and Japanese Yen and multi-language support for English,
French, Swiss, Norwegian and Japanese, and tax compliance across
its head office in New Zealand and
seven subsidiaries in Canada, the
US, France, Switzerland, Norway, Japan
and Australia. With NetSuite
OneWorld, Mons Royale has a single source of truth in real-time for
the very first time, facilitating more accurate and strategic
decision making, as well as impressive cost and time
savings.
Founded in New Zealand in 2009
by a professional skier and his wife looking for a more stylish
alternative to the traditional technical merino base layers, Mons
Royale began shipping international orders during its first year of
business. Today, Mons Royale is available in stores across
North America, Europe,
Japan, Australia and New
Zealand, as well as direct to consumers online. As a result
of its global growth, Mons Royale struggled to capture real-time
insights in order to make informed business decisions.
After a thorough evaluation process that included SAP and
Salesforce, Mons Royale selected NetSuite OneWorld for its rapid
deployment, powerful customisation and integration platform and its
global scalability. With NetSuite OneWorld, Mons Royale has
replaced a number of manual processes, allowing personnel to focus
on more strategic tasks to grow the business. Furthermore, NetSuite
OneWorld's ability to log any currency or stock changes
automatically saved its finance staff up to 10 hours a week, where
previously these changes had to be logged manually across disparate
systems.
Global inventory management is also much more seamless and
automated. Inventory can easily be moved around the world, with
NetSuite OneWorld automatically recording these inter-company
transactions and providing a real-time view of global inventory.
Although headquartered in Wanaka in New
Zealand, Mons Royale has a substantial global footprint,
including manufacturing in China,
20 warehouse locations globally, physical offices in Austria,
Switzerland and New Zealand plus multiple shipping locations
in key markets around the world. From this footprint, Mons Royal
distributes its product to 450 retail locations with NetSuite
OneWorld tracking all inventory movement worldwide in
real-time.
Ben Irving, Chief Operating
Officer at Mons Royale said, "The business benefits delivered by
NetSuite OneWorld have been transformational for Mons Royale. As a
growing business, we really needed a sophisticated ERP platform to
help us introduce more efficient business processes, as well as
help manage the complexity associated with a global business,
trading in multiple geographies, languages and currencies. For the
first time we have a single source of truth available from our
headquarters in New Zealand, which
enables us to make more strategic business decisions, as well as
deploy our most valuable resources on growing the business, versus
back office business administration."
NetSuite OneWorld supports 190 currencies, 20 languages and
automated tax compliance in more than 100 countries, and
transaction in more than 200 countries. With NetSuite OneWorld Mons
Royale can experience benefits including:
- Real-time global financial consolidation. NetSuite
OneWorld gives Mons Royale real-time visibility across all of its
subsidiaries, with a single financial system of
record, delivering greater confidence in accurate decision
making.
- Multi-currency support bringing greater efficiency
to intercompany transactions, and saving time consolidating
multiple currencies from different management systems delivering
greater confidence in accurate decision making.
- Superior inventory management giving stakeholders a
real-time view of stock levels in any location anywhere around the
world and optimising the overall supply chain.
- A flexible and agile platform. The NetSuite SuiteCloud
Platform easily enables the company to customise NetSuite to meet
its business requirements and to integrate with other systems.
Today, more than 30,000 companies and subsidiaries depend on
NetSuite to run complex, mission-critical business processes
globally in the cloud. Since its inception in 1998, NetSuite has
established itself as the leading provider of cloud-based
financials/enterprise resource planning (ERP) and omnichannel
commerce software applications for businesses of all sizes. Many
FORTUNE 100 companies rely on NetSuite to accelerate innovation and
business transformation. NetSuite continues its success in
delivering the best cloud business management software to
businesses around the world, enabling them to lower IT costs
significantly while increasing productivity, as the global adoption
of the cloud accelerates.
For more information about NetSuite please visit
www.netsuite.com.au.
Follow NetSuite's Cloud blog, NetSuite's Facebook page and
@NetSuiteAPAC Twitter handle for real-time updates.
NOTE: NetSuite and the NetSuite logo are service marks of
NetSuite Inc. Third-party trademarks mentioned are the property of
their respective owners.
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SOURCE NetSuite Inc.