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 EUR, CHF, USD, AUD and NZ and multi-language support for English, French and German and tax compliance across its head office in New Zealand and five subsidiaries in Austria, Switzerland, United States, Australia and New Zealand. 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 Royale 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.
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SOURCE NetSuite Inc.