E-commerce Leader Groupon Powers Global Hyper Growth with NetSuite
With accelerated growth, the time and effort needed to close the books turned financial reconciliation into a painful process;
The collection of different programs, processes and spreadsheets made it difficult to understand the full scope of its international operation and made standardisation of accounting and reporting practices impractical;
Needed to find an effective financial infrastructure that was as fast and flexible as its business model.
Implemented NetSuite OneWorld to power its rapid business expansion in key international markets;
Hundreds of client/server applications and spreadsheets gave way to real-time global financial consolidation and management in the cloud;
Went live with NetSuite ERP in five countries in just six weeks and then twenty-six countries in three months;
Supports multi-currency management, local taxation and legal compliance, and reporting and analytics with regional and global business consolidation and roll-up.
Can support its global expansion and experience a unified, real-time view into the business performance of each and every subsidiary;
Cost-effectively runs key business processes in foreign markets including Australia, New Zealand, Thailand, South Korea and the Netherlands;
Unprecedented global visibility of all aspects of the business in real time – creating consistent, compliant management across the organisation, locally and globally.