2. Overview
– Provider of online
publishing services
– 30 million readers per
month
– Based in New York, NY
– Replaced QuickBooks and
Excel with NetSuite
OneWorld
Challenges
Operational inefficiencies hindered growth
Difficulty optimizing complex, multi-dimensional
advertising contracts using QuickBooks
Lack of consolidated financial information
Inefficient revenue recognition and limited business
visibility
NetSuite Benefits
Deployed NetSuite OneWorld in 60 days – 4 subs
including 2 international –
15% YOY but have not had to hire anyone.
Global visibility tax
Integrated accounts payable and receivable – one person
does AR processes cut bookkeeping costs by 20%
NetSuite OneWorld Reduced Gawker
Media’s Bookkeeping Costs by 20%
Our processes are integrated and automatic, and our analysis is based on
dependable, up-to-the-minute information. – Controller, Gawker Media“
5. Overview
‒ Provider of software and
services solutions to the
telecoms industry
‒ 500+ employees
‒ Privately held
‒ 21 offices across North
America, Europe & Asia
‒ Replaced Sage,
Peachtree, home grown
systems & spreadsheets
‒ Running NetSuite
OneWorld and OpenAir
Challenges
Struggled to manage 14 subsidiaries in 12 countries,
this limited financial consolidation to once per year
Manually intensive rev rec exercise due to reconciling
data between disparate systems
No visibility into the profitability of their fast-growing
professional services line of business
Results
Tripled the business with only a 30% increase in
Finance and IT staff
Automated rev rec calculations and JEs. Real-time
deferred revenue reports with audit trails
Centralized view of PS projects and resources with
visibility into project-level profitability
NetSuite OneWorld Automates Global
Financial Function at Mycom
With NetSuite we eliminated the headache of multiple systems and over 250
spreadsheets. We now have consolidated global financial reporting on a monthly
basis and we can set up a new subsidiary in less than an hour. - Controller, MyCOM
“