SAN MATEO, Calif. and SINGAPORE /PRNewswire/ -- NetSuite Inc. (NYSE:
N), the industry's leading provider of cloud-based
financials / ERP and omnichannel
software suites, today announced that Scoot, a
wholly-owned subsidiary of Singapore Airlines, has deployed
NetSuite as its core financial management platform in a two-tier
ERP model aligned with an on-premise SAP ERP application in place
at the parent Singapore Airlines. Scoot chose NetSuite after
considering other major ERP solutions due to factors such as speed
of implementation, low cost of ownership, real-time business
intelligence and reporting, as well as the breadth and depth that
NetSuite provides in financial reporting, multi-currency management
and budgeting -- all
within one unified platform. Since implementation, NetSuite has
supported Scoot in its network growth across Asia and Australia, enabling Scoot to attain cost-efficiencies and
speed to market. Business agility through NetSuite has been
critical in helping Scoot drive its exponential business growth
while expanding its network across 15 destinations
in mainland China,Australia, Hong Kong, Japan, South Korea, Taiwan and Thailand. Scoot views NetSuite as its core ERP solution
in its plan to triple its fleet size over the next several years
with 20 new Boeing 787 Dreamliners to increase its presence in the
medium and long-haul segment.
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"As a
startup, Scoot wanted a modern, agile business platform that could
scale rapidly while 'future-proofing' our company for long-term
innovation and growth," said Ng
Long Jian, Scoot Head of Finance. "We looked at other major
and more established ERP, but NetSuite was the clear winner in
meeting our requirements for cost-efficiency, fast deployment,
real-time visibility into the business and flexibility. NetSuite is
the perfect fit for Scoot to enable us to transform our business
operations and support our growth."
NetSuite gives Scoot a versatile platform for efficient end-to-end
financial processes, including vendor payments, revenue reporting
and fixed asset management with automated depreciation covering its
fleet of Boeing Dreamliners worth well over 2
billion Singapore dollars. Multi-currency capabilities in
the NetSuite International Edition enable Scoot to book revenue and
costs in between 10 to 15 currencies, most often in Chinese
Renminbi, Japanese Yen, Australian Dollar, Korean Won and the
United States Dollar. Automated vendor payment processes help to
save nearly one-third of full-time resources at Scoot's business
process outsourcing (BPO) partner, while on-demand reporting
capability provides management with an instant access to key
business metrics to drive the business.
Implemented by NetSuite Solution Provider M.SaaS Solutions, based
in Singapore, NetSuite has enabled additional benefits for
Scoot, including:
Personnel savings. Scoot's BPO partner is
saving one full-time employee with automated electronic payments,
one-half employee with automated journal entries and management
information support, which it attributes in part to the use of
NetSuite, and passing those savings along to Scoot. At the initial
stage, these processes were manually driven, with extensive use of
spreadsheets before the capability of NetSuite were fully
extricated.
Ease of use. NetSuite's intuitive interface
helps Scoot quickly ramp up new users to speed time to value.
"NetSuite is very user-friendly with no intensive training needed,"
said Ng. "New employees tend to pick it up very quickly and often
are on autopilot in a couple of weeks."
Extensibility for growth. NetSuite's capacity
to roll out different modules and accommodate add-on solutions from
NetSuite SuiteCloud Developer Network (SDN) partners and other
third parties gives Scoot the ability to adapt its cloud software
environment as the business grows and changes.
"NetSuite provides instant and accurate information to enable good
business decision making," said Ng. "We have detailed insights into
our financial performance in terms of revenue and key expenditures
like fuel, engineering, pilots and crew, airport, staff and
advertising, which are significant cost components for an airline
operator."
About Scoot
Scoot
operates medium and long-haul no-frills flights
between Singapore and Hong Kong; Sydney, Gold Coast,Melbourne (commencing November 2015) and Perth, Australia; Taipei and Kaohsiung, Taiwan; Bangkok, Thailand;Seoul, South Korea; Osaka and Tokyo, Japan; and Hangzhou, Nanjing, Qingdao, Shenyang and Tianjin, mainlandChina. Operating a fleet of Boeing aircraft, Scoot
provides -- in
addition to fantastic value airfares -- a
safe, reliable and contemporary travel experience with a unique
attitude -- Scootitude™.
Scoot is passionate about changing the way people travel long
distance. To learn more, please visit www.flyscoot.com.
About NetSuite
Today,
more than 24,000 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 enterprise-ready cloud business
management suites of enterprise resource planning (ERP), customer
relationship management (CRM), and ecommerce 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 suites 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.sg.
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NetSuite and the NetSuite logo are service marks of NetSuite
Inc.