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!

NetSuite, Inc. |
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  BizJobs.com

Visit  JobsWare.com





 
  ©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)