Upon going live with NetSuite, all eight of Clinical Solutions' subsidiaries were operating under one NetSuite umbrella. With the multi-currency ability of NetSuite OneWorld, each of Clinical Solutions' subsidiaries is now able to handle and readily report in US dollars, Australian dollars, British pounds and Euros. Having single-instance consolidated financials together with the sales force automation of NetSuite alleviates Clinical Solutions' previous problems of geographical complexity and difficulty in extracting information from multiple systems. NetSuite handles the different currencies, taxation rules and reporting needs, all within one, instantly accessible and easy-to-format system, which is available from anywhere on the globe.
Now with approximately 100 users of NetSuite, Clinical Solutions is realizing many benefits previously unknown to them. Information can be seen in real-time and can be shared across departments, across subsidiaries and across countries. This data need only be input once, resulting in considerable time savings. For instance, employee expenses can be entered online, saving the purchase ledger clerk considerable time and effort. In addition, bank reconciliations, which used to be done using spreadsheets, are now done within NetSuite. Not only is staff more productive but executives can also tap into the information in real-time. This increased visibility helps Clinical Solutions' executives make better business decisions.
Dave Stanton, Finance Project Manager for Clinical
|SOURCE NetSuite Inc.|
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