PRZOOM - /newswire/ -
San Jose, CA, United States, 2013/05/15 - NETSUITE SUITEWORLD 2013 - NetSuite Provides Single Cloud ERP System to Standardize Accounting Systems Across Multiple Subsidiaries; Aids Global Expansion Across U.S., Europe and the Far East for Online Gaming Group (NYSE: N) (AIM: ZATT) - NetSuite.com. NYSE: N; ORCL
NetSuite, Inc., the industry’s leading provider of cloud-based financials / ERP software suites, today announced that Zattikka, a London-based online gaming group, has selected NetSuite OneWorld to replace multiple instances of Sage and QuickBooks across its eight subsidiaries. By deploying NetSuite OneWorld, Zattikka can now automate its core business processes and benefit from real-time global management and financial consolidation of subsidiaries in the U.S., Europe and China. Zattikka employs more than 160 staff in studios across these markets and is planning for rapid growth both organically and through acquisition. NetSuite OneWorld will also support Zattikka’s ambitions for international growth by enabling rapid on-boarding of new business entities.
The move to a standardized accounting and reporting system forms part of the integration schedule of the new group companies following their acquisition in 2012. Zattikka was keen to streamline its reporting process, to reduce the time and cost of collating figures from the different legacy accounting systems. NetSuite OneWorld allows the company to use the same application across all subsidiary offices, in multiple languages and currencies, giving Zattikka a real-time view of the entire business through a single dashboard. Not only does this dramatically reduce overall reporting time, but it will accelerate and inform management decisions.
NetSuite OneWorld is the first cloud software solution to deliver real time global business management and financial consolidation to enterprise companies with multi-national and multi-subsidiary operations and divisions of large enterprises. It enables organizations to automate complex, mission critical business processes in the cloud from ERP, to CRM, to Ecommerce. NetSuite OneWorld readily handles different currencies, taxation rules, and reporting requirements at a fraction of the cost of traditional on-premise ERP solutions.
“With such huge opportunities across global markets we wanted a solution that offered a global support system,” said Rob Gorle, Chief Financial Officer, Zattikka. “Our ambitious growth strategy relies on rapid expansion, both organically and through acquisitions, so we needed an accounting system that could be rolled out rapidly and efficiently across all of these new businesses. As the acquisitions sometimes have very few English language speakers, the multi-language capabilities of NetSuite OneWorld, as well as its 24/7 support program, proved to be very compelling.”
“Ambitious, high-growth companies like Zattikka need a system that keeps pace with their global expansion plans. NetSuite OneWorld has been designed to support accelerated growth across multiple countries and subsidiaries, seamlessly growing with the business,” said Jim McGeever, COO, NetSuite. “Zattikka’s acquisitive and ambitious global growth plan means new subsidiaries need to be quickly brought into the business. NetSuite OneWorld’s agility and the multi-currency, multi-tax, multinational intelligence functions will be strong assets for its future success.”
Today, more than 16,000 companies and subsidiaries depend on NetSuite to run complex, mission critical business processes globally in the cloud. Since its inception in 1998, NetSuite (netsuite.com) has established itself as the leading provider of enterprise-class cloud financials/ERP suites for divisions of large enterprises and mid-sized organizations seeking to upgrade their antiquated client/server ERP systems. NetSuite excels at streamlining business operations as demonstrated in a recent Gartner study naming NetSuite as the fastest growing financial management software vendor on a global basis. NetSuite continues its success in delivering the best cloud ERP/financials suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.
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