PRTODAY / NewswireToday Free press release distribution service network

More news: Software
Written by / Agency / Source: NetSuite, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Yellow Brick Road Chooses NetSuite to Support Business Growth - Australian Wealth Management and Financial Services Challenger Supports Rapid Growth with NetSuite Cloud - NetSuite.com
Yellow Brick Road Chooses NetSuite to Support Business Growth

 

NewswireToday - /newswire/ - Sydney, Australia, 2014/07/22 - Australian Wealth Management and Financial Services Challenger Supports Rapid Growth with NetSuite Cloud - NetSuite.com. NYSE: N; ORCL

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

NetSuite, Inc., the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that wealth management and financial services company Yellow Brick Road (ASX:YBR), has gone live on NetSuite as its business management software platform to support its rapid growth throughout Australia. Yellow Brick Road replaced existing systems with NetSuite to streamline its core business processes, including financial management, financial planning, customer relationship management (CRM), and analytics and reporting.

Yellow Brick Road offers financial products and services in the areas of home loans, financial planning, superannuation, insurance and savings. Combined with a program of planned acquisitions, Yellow Brick Road needed a scalable, flexible and easy-to-deploy business management solution in its Sydney head office, which supports its national network of branches. After reviewing a number of on-premise solutions, Yellow Brick Road turned to NetSuite’s fully integrated cloud-based business management solution to future-proof its business, as it was the only solution that met all of its requirements and had the ability to keep pace with its steep growth trajectory.

"NetSuite allows us to easily extend our business management capabilities organically as we grow, as well as more effectively incorporate any new businesses that we may acquire in the future," said Richard Shaw, Chief Financial Officer of Yellow Brick Road. "We now have a solution that has the capacity to adapt to our changing needs over the next ten plus years, not just a stopgap measure to get us through the next couple of years which the other options we considered would have potentially provided. Whilst we initially deployed NetSuite as a general ledger to meet our reporting requirements, it has quickly evolved to become the go-to system for the majority of our business information, creating consistent data and real-time visibility across the entire business. Because the business is not reliant on long established legacy systems, the transition to NetSuite has been a non-disruptive process."

NetSuite now provides Yellow Brick Road with the following key features and benefits:

• Analytics and reporting Yellow Brick Road has gained the capability for faster, richer data analysis, focusing more often on individual products and balancing out its data management at the insurance, lending and wealth management divisional level. This creates opportunities for Yellow Brick Road to be more agile and provide even more reliable information to its branches. It has also gained better insights into how individual products are performing and which geographic areas are performing the best.
• Time savings Since implementing NetSuite, Yellow Brick Road’s finance team has saved a significant amount of time spent on accounting procedures. According to Mr Shaw,"We have reduced focus on data management to increase our focus on analysis and managing products and effectively free us up to support and respond to growth opportunities."
• Acquisition support As Yellow Brick Road embarks on its acquisition strategy, it now has the peace of mind to know that while it does not expect the acquired companies to change their business management systems, NetSuite can easily incorporate the financial management of these acquired companies as appropriate.

"It is exciting to think about what our NetSuite solution can do to help us grow our business," added Mr Shaw. We know we've made a smart technology decision, without having to invest big money in infrastructure that we would probably have to change again in a few years. It was a manageable investment and it is the right technology for our expanding business."

According to Mark Troselj, managing director of APAC and Japan for NetSuite: "Financial services companies face no shortage of challenges managing risk, maintaining regulatory compliance and exercising strong governance and control have all become more difficult in our fast-changing world. NetSuite's cloud business management suite enables financial institutions like Yellow Brick Road to meet their unique needs with a single, powerful application and proactively balance risk and opportunity across business processes."

Today, more than 20,000 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 ERP suites for divisions of large enterprises and mid-sized organisations seeking to upgrade their antiquated client/server ERP systems. NetSuite excels at streamlining business operations, as demonstrated by a recent Gartner study naming NetSuite as the fastest growing top 10 financial management systems vendor in the world. NetSuite continues its success in delivering the best cloud ERP/financial suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud accelerates.

NetSuite and the NetSuite logo are registered service marks of NetSuite Inc.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: NetSuite, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


Yellow Brick Road Chooses NetSuite to Support Business Growth

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Mei Li - NetSuite.com 
650-627-1063 meili[.]netsuite.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any NetSuite, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From NetSuite, Inc. / Company Profile


Read Software Most Recent Related Newswires:

LDiscovery Completes Acquisition of Kroll Ontrack
SYSPRO Opens a New Office in Nairobi, Kenya
Rocket Servergraph Professional Now Supports IBM i
JDA Solutions Selected by Coca-Cola FEMSA Mexico to Support its Innovative Supply Chain
CommutAir Leverages The Weather Company, an IBM Business, to Harness the Power of Big Data from the Tarmac
Leading Independent Research Firm Cites TIBCO as a Strong Performer in Insight Platform Report
Saba Named a Leader in Learning and Performance Management
Infor Recognized as Top Retail Software Provider in 2016 RIS News LeaderBoard
IBM Debuts Blockchain Ecosystem to Help Accelerate Growth of Networks on Hyperledger Fabric
Permanent TSB to Improve Contact Centre Performance and Compliance with Noble Systems Composer Real-Time Speech Analytics
Rush Health Selects InterSystems HealthShare to Integrate Health Records, Support Value-Based Care
IBM Launches New Bluemix Services with GitHub and Slack Integration to Speed App Development in the Cloud
Yellowfin Launches Analytics Industry’s First Virtualized Integrated Data Preparation Module
TIBCO Releases TIBCO Mashery Local API Management Solution for Hybrid Gateway Deployments
Comways and Altitude Highlight Flexible Solutions at Belgium Contact Center Congress

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)