Coca-Cola Foundation Philippines Strengthens Social Impact With NetSuite.org

SAN MATEO, Calif. and MAKATI CITY, Philippines, Sept. 15, 2014 /PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel software suites, today announced that Coca-Cola Foundation Philippines, which since 1987 has helped improve access to education, clean water and economic opportunity to hundreds of thousands of Filipinos, has recently gone live on 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 previous software to better fulfill its mission of socioeconomic improvement.

"NetSuite is helping us operate more efficiently so that we can put our time and energy into making a meaningful difference in the lives of underprivileged Filipinos," said Cecilia Alcantara, President at Coca-Cola Foundation Philippines. "Using NetSuite, we are able to significantly preserve resources for our projects, and the new software gives us the ability to clearly present the value of our work and the donations we receive to our stakeholders."

Coca Cola Foundation Philippines received the NetSuite solution as a software grant from the NetSuite.org corporate citizenship program, which offers free and discounted subscriptions to qualified nonprofits and social enterprises. Since its founding in 2008, the NetSuite.org corporate citizenship program has empowered more than 400 nonprofits and social enterprises with tools to amplify their impact in making the world a better place. To learn more about NetSuite's corporate citizenship programs, please visit www.netsuite.org.

With its previous system, Coca-Cola Foundation Philippines experienced limitations in functionality, process synchronization and visibility that inhibited its growth potential and the ability to better manage and measure the impact of its educational, water-related, youth empowerment and disaster relief programs. The organization, which was established to demonstrate the long-term commitment of Coca-Cola to corporate citizenship in the Philippines, also looked at other software options and after rigorous evaluations chose NetSuite's cloud-based software suite, reducing its IT costs. With NetSuite, Coca-Cola Foundation Philippines has achieved the following benefits:

• Speedy implementation. Coca-Cola Foundation leveraged SuiteVolunteers, a NetSuite.org program that provides qualified grantees with pro bono services from NetSuite employees. A three-person volunteer team had NetSuite up and running in just two months, migrating data from its previous software, customizing financial records and reports, and initiating work that will tie together projects, beneficiaries, donors and vendors to supply project-related goods and services.
• Cost savings. As a NetSuite.org grantee, Coca-Cola Foundation is forecasting Philippine Peso (PHP) 2.5 million worth of savings in NetSuite training and software licensing costs.
• Improved productivity. Staff at Coca-Cola Foundation are able to save two days of work in a week with NetSuite's financial dashboards and two weeks of work a month with project management dashboards.
• Real-time reporting. Coca-Cola Foundation is taking advantage of NetSuite's ability to provide consistent, real-time information. This allows the company to make faster and better decisions that are critical to fulfilling the company's social mission.
• Ease of use and great support team. NetSuite's ease of use, paired with valuable support from the SuiteVolunteers, allowed the Coca-Cola Foundation Philippines team to quickly adjust to a new accounting system, providing them easy access to critical data without the need to engage or hire IT personnel. 

"Coca-Cola Foundation Philippines is an important and well-recognized organization that has made a huge impact for nearly 30 years with its continued commitment to building a better Philippines for generations to come," said James Dantow, NetSuite VP for Worldwide Support and General Manager for the Philippines. "We're delighted that they have selected NetSuite to improve their financial management and project delivery and are proud to support them as a grantee of the NetSuite.org corporate citizenship program."

About Coca-Cola Foundation Philippines

Coca-Cola Foundation Philippines was established by The Coca-Cola Company and Coca-Cola Bottlers Philippines in November 1986. With its Agos Project launched in 2011, Coca-Cola Foundation Philippines has installed systems that supply clean water in 60 communities, benefiting 47,000 individuals, while also educating communities on water stewardship and conservation. The organization's Little Red Schoolhouse Project has built 114 schoolhouses for elementary education in rural communities, impacting hundreds of thousands of young Filipinos. A program to provide Coca-Cola's vitamin-fortified NutriJuice has helped improve the physical well-being of hundreds of thousands of youngsters, while the organization supplied nearly 18,000 cases of distilled drinking water to more than 53,000 families affected by disasters such as typhoons, earthquakes and fires in 2012. Coca-Cola Foundation Philippines also supports the Ten Outstanding Youth Organizations awards program which recognizes leading youth organizations in partnership with the TAYO Foundation and the National Youth Commission. To learn more about Coca-Cola Foundation Philippines, please visit coca-colafoundation.ph.

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