LONDON, May 26, 2016
/PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's leading
provider of cloud-based financials / ERP and omnichannel commerce
software suites, today announced that Electric Jukebox, a company
aiming to revolutionise the way consumers listen to music in the
home through a new music streaming product, has implemented
NetSuite OneWorld to support its growth into a global business.
Electric Jukebox uses NetSuite OneWorld to manage its
mission-critical business operations including
financials, financial consolidation, purchasing, order
management, inventory management, multi-currency management,
multi-language management and multi-country tax compliance across
its head office in the UK and US subsidiary. With NetSuite
OneWorld, Electric Jukebox is better able to focus on international
business growth from day one with a system that can scale with
rapid business growth and allows them to have a single view across
its entire business.
Electric Jukebox leverages NetSuite's flexible and powerful
SuiteCloud Development Platform for its customisation and
integration needs such as integrations between NetSuite and its US
and European logistics partners, online consumer shop and third
party retailers.
Founded two years ago, the company creates fun and easy-to-use
music products for the home which make music streaming easier and
more accessible to everyone. Electric Jukebox turns your TV into
the ultimate jukebox with 30 million songs to enjoy on-demand with
no ads and no subscriptions to worry about.
As a disruptive and globally ambitious business, Electric
Jukebox required an ERP system that would meet the needs of today
and also those of tomorrow. The business' success depends on its
ability not only to handle huge amounts of data whilst providing a
seamless service to its customers, but also to deal efficiently
with a high volume of multi-currency payments in a fast growth
environment. It was clear that NetSuite was the best choice for
Electric Jukebox to build its business on.
With support for 190 currencies, 20 languages, and automated tax
compliance in over 100 countries, NetSuite OneWorld can help
Electric Jukebox achieve:
- Rapid expansion. NetSuite OneWorld's powerful
international capabilities can enable the business to quickly and
easily establish new entities as the brand expands globally.
- Flexible and powerful customisation and integration
capabilities. NetSuite's SuiteCloud development platform
provides flexible customisation tools to meet the business' needs
and power integration capabilities that allow the company to
integrate NetSuite OneWorld with other applications quickly.
- Real-time analytics and reporting. NetSuite's
dashboards, reporting and analytical tools can enable Electric
Jukebox to monitor, report and analyse all KPIs across the
board.
- Real-time global financial consolidation. NetSuite
OneWorld can provide real-time visibility across all of Electric
Jukebox's subsidiaries, divisions and business units with a single
financial system of record.
William Morgan, COO of Electric
Jukebox said: "The great thing about NetSuite OneWorld is that it's
going to be easier for us to grow while retaining complete
visibility over business performance from within a single system.
As the business grows, we need to control spend and efficiency.
NetSuite gives us this functionality and a comprehensive dashboard
to manage our entire business."
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.
Follow NetSuite's Cloud blog, NetSuite's Facebook page and
@NetSuiteEMEA Twitter handle for real-time updates.
For more information about NetSuite, please visit
www.netsuite.co.uk.
NOTE: NetSuite and the NetSuite logo are service marks of
NetSuite Inc. Third-party trademarks mentioned are the property of
their respective owners.
About Electric Jukebox Company
Founded by CEO Rob Lewis,
previously Founder CEO of several leading technology businesses and
an Ernst & Young, and Library House, Entrepreneur of The Year,
Rob leads a team based in London.
The Electric Jukebox Company believes everyone has the right to
enjoy music in their homes and lives. The company creates
beautifully simple music products for the home - making music
streaming fun and easy so everyone can listen together.
Electric Jukebox is available from www.electricjukebox.com and
includes a free 1-year Premium Music Pass. UK RRP £179 / US MSRP
$229. Pre-orders available in UK
before launch for only £149.
Logo -
http://photos.prnewswire.com/prnh/20090924/SF81218LOGO-b