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!

Knowledge Universe Reduces Costs by 70% with NetSuite OneWorld - Billion Dollar Education Leader Harnesses NetSuite to Manage 23 Global Subsidiaries in Real-time (NYSE: N)
Knowledge Universe Reduces Costs by 70% with NetSuite OneWorld

 

NewswireToday - /newswire/ - San Mateo, CA, United States, 2010/11/03 - Billion Dollar Education Leader Harnesses NetSuite to Manage 23 Global Subsidiaries in Real-time (NYSE: N). 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 vendor of cloud-based financials / ERP software suites, today announced that Knowledge Universe, a global education company with over 3,700 locations interacting with more than five million students daily, has deployed NetSuite OneWorld for its enterprise financial management needs. By implementing NetSuite OneWorld, Knowledge Universe reduced its ongoing systems costs by 70 percent, while gaining advanced multi-currency consolidation and increased organizational flexibility. Knowledge Universe was able to meet an aggressive four-month timetable for its initial rollout across 6 subsidiaries in its Asia Pacific region, and is expanding the use of NetSuite OneWorld through its global organization for financial management, reporting and analysis, international consolidation, and ERP operations.

Knowledge Universe, headquartered in Singapore, is the parent company of internationally known early childhood education, K through 12, and post-secondary organizations such as KinderCare, Busy Bees and GlobalScholar. An aggressive campaign of both natural growth and acquisition has built a portfolio of brands and services covering learners around the world, from early childhood to higher education. With this rapid expansion came the challenges of operating such a diverse group of global businesses. NetSuite OneWorld's powerful multi-company/multi-currency capabilities combined with its broad suite of functionality enables Knowledge Universe to deliver a powerful cloud-based solution at the subsidiary level while delivering a real-time consolidated view of all business lines.

Because of the unique requirements of each business, and in order to address local, country-specific tax and business requirements of each subsidiary, senior management needed a way to consistently measure the performance of each brand and territory, without forcing subsidiaries to adopt cookie-cutter processes. NetSuite's flexible SuiteCloud platform enabled Knowledge Universe to customize the solution to the needs of each brand and market while still meeting the needs of the parent company. As the system evolves, many future customizations can be made by financial and operational staff rather than costly IT professionals, adding to the productivity gains of deploying NetSuite. Knowledge Universe could double size in its existing businesses without adding any operational staff to support its NetSuite deployment.

Knowledge Universe was able to transform its Asia Pacific region in record time with a four month implementation schedule. After a successful Phase One launch in January 2010, the company has rapidly expanded NetSuite to more than 6 brands and 5 currencies. Knowledge Universe expects that because NetSuite can be used from virtually any Internet-enabled device, deploying the solution to new businesses and territories is far less expensive than on-premise software, and concurrent rollouts to multiple territories will be much easier to manage. And because of NetSuite's ease-of-use, Knowledge Universe has been able to significantly reduce training time and cost.

"One of the key reasons we chose NetSuite OneWorld was the combination of its powerful multi-entity consolidation functionality combined with the capability to tailor the system to meet unique business process requirements of each individual subsidiary," said Reginald Singh, Knowledge Universe CFO. "To be able to roll-out this level of sophisticated functionality in only four months is quite exceptional, and really shows the power of NetSuite and the Cloud."
For more information about NetSuite, please visit netsuite.com/.

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

[Content made possible by PRZOOM indexing services]

 
 
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!


Knowledge Universe Reduces Costs by 70% with NetSuite OneWorld

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:

NAKIVO Announces Support for vSphere 6.5 and Adds Skip Swap File in the Upcoming v7
Noble Composer v11 Upgrades Agent Efficiency
RNSS Celebrates 20 Years As A SYSPRO Partner
SKECHERS Uses Oracle to Localize Assortments As They Grow Their Retail Presence
Metatron, Inc. Announces Strategic Move into the Areas of Mobile Encryption, and Virtual Reality for its Mobile Development Business
Belk, Hot Topic and Torrid Choose Oracle Retail Stores Solutions to Unify Brand Experiences
Infor Continues Significant Growth in Retail
Infinera Transforms Subsea Networks to Cloud Scale with New DTN-X Platforms
Crate and Barrel to Transform its Retail Experience in the Cloud with Infor
Ricardo Eletro Reduces Operational Cost by 40m Brazilian Reais per Month with Oracle Retail
Babbobox and Clevertime-Consulting, LLC Announce Strategic Partnership for EU Market
Ermes Group Selects IBM Cloud-Based Pricing to Engage Customers with Timely In-Store Sales
Oracle Cloud Applications Drive Carbon’s Quest to Lead in 3D Printing and Additive Manufacturing
Mentor Graphics Expands Comprehensive ISO 26262 Qualification Program
NAKIVO Announces Support for Hyper-V Backup in the Upcoming v7

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  JobsWare.com





 
  ©2017 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)