TOKYO, April 24, 2017 /PRNewswire/ -- Oracle
NetSuite Global Business Unit (GBU), the industry's leading
provider of cloud financials / ERP, HR and omnichannel
commerce software suites, announced today that PreXion
Corporation has selected NetSuite OneWorld to fuel its global
business expansion plans. PreXion will use NetSuite OneWorld to
manage mission-critical business processes including global
financial consolidation for subsidiaries in Japan and the USA, multi-currency transactions in U.S.
Dollar and Japanese YEN, multi-language capabilities for Japanese
and English and CRM to manage the complete customer lifecycle.
PreXion's state-of-the-art medical imaging diagnostics
technology, which visualizes dental-related images not visible to
the naked eye, has been key to increasing patient satisfaction with
doctors. In January 2017, the company
announced a change to its business model from direct sales to
wholesale through a dealer network and its product, the PreXion 3D
Excelsior CBCT scanner, was launched to the dental market in the
US.
This prompted the company to review its core business systems.
After careful evaluation, the company selected NetSuite OneWorld to
support its growth plans and new business model. Implemented in
May 2016 in six months, NetSuite
OneWorld now manages mission-critical business processes at
PreXion's Japanese and North American business operations. The
speed of implementation of NetSuite OneWorld was crucial to
maintaining a high level of customer service and offered a seamless
transition from direct to wholesale, enabling the company to
effectively serve both its new and existing customers.
"As part of our global business growth strategy, we wanted to
implement a cloud ERP system to provide a platform that could give
us the real-time business visibility needed to grow our company,"
said PreXion Executive Vice President Yasutoyo (Jeff) Imada, who served as the Project Director
for the implementation. "We selected NetSuite OneWorld because it
can be implemented quickly and without high upfront investments in
hardware assets. In addition, NetSuite OneWorld's global
multi-currency capabilities helps us overcome monetary and tax
compliance challenges. It was a natural choice for us, not only to
aid our expansion into the United
States but also to support our future worldwide expansion
plans."
Supporting 190 currencies, 20 languages, and capable of handling
tax reports for over 100 countries, NetSuite OneWorld not only
supports financial accounting, customer management, business
management and reporting in both Japanese and English, it allows
for the successful integration of global subsidiary companies
through multi-currency accounting.
After a rigorous evaluation of software solutions including
Microsoft Dynamics, PreXion chose NetSuite OneWorld for the
following reasons:
- Rapid implementation without significant investments in
hardware and IT resources with the ability to expand and grow
rapidly using NetSuite OneWorld.
- Access at anytime from anywhere and on any device allows for
improved productivity coupled by a high level of automation through
an intuitive user interface that requires minimal training for
staff.
- The ability to transact in a multi-language, multi-currency and
in a multi-tax environment.
- Real-time visibility with one single unified financial system
of record and financial reporting across the entire global
organization.
- A single database supports a 360-degree view of customer
activity, ensuring ongoing and high levels of customer
satisfaction.
NetSuite OneWorld has contributed significantly to the changes
at PreXion Corporation.
"The efficiency and speed at which we can now execute tasks have
improved dramatically," Imada said. "We can now make business
decisions in real-time from anywhere in the world, at any time
using any type of device. Not only has our overall productivity
improved significantly, but our ability to notice changes to our
business in real-time has also greatly contributed to prompt and
informed decision-making. The confidence of our staff who use
NetSuite, particularly the four project managers who have never had
any experience with an implementation of ERP, has increased
significantly. Having invested in a core system infrastructure that
we trust has given us the confidence to continue to grow and expand
our business in the United States
and beyond."
Learn about NetSuite's customer and partner success at
SuiteWorld17 on April 24-27, watch
webcast here.
About NetSuite Global Business Unit
Oracle NetSuite
Global Business Unit pioneered the Cloud Computing revolution in
1998, establishing the world's first company dedicated to
delivering business applications over the internet. Today, Oracle
NetSuite Global Business Unit provides a suite of cloud-based
financials / Enterprise Resource Planning (ERP), HR and omnichannel
commerce software that runs the business of companies in more than
100 countries. For more information, please visit
www.netsuite.com.
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Facebook page and @NetSuiteAPAC Twitter handle for real-time
updates.
About Oracle
Oracle offers a comprehensive and fully
integrated stack of cloud applications and platform services. For
more information about Oracle (NYSE:ORCL), visit
www.oracle.com.
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SOURCE Oracle NetSuite Global Business Unit