SYDNEY, Dec. 7, 2015 /PRNewswire/ -- NetSuite Inc.
(NYSE: N), the industry's leading provider of cloud-based
financials / ERP and omnichannel commerce software suites, today
announced that Seeing Machines Limited (SEE:LN), an innovative
Australian developer of advanced driver fatigue and distraction
detection technology, has deployed NetSuite OneWorld to power its
business as it continues to disrupt the mining, fleet, automotive,
aviation, rail and consumer electronics industries globally. Seeing
Machines is using NetSuite OneWorld to manage its head office and
warehouse in Canberra and its two
subsidiaries: Seeing Machines Inc. in the U.S. (three offices and
one warehouse) and Seeing Machines Latin America in Chile (one office). The company replaced
Salesforce.com, MYOB, Excel and Outlook (for ordering) with a
single instance of NetSuite OneWorld to manage its core business
processes, including financial consolidation, CRM, inventory
management, work orders and assemblies, project management and
fixed asset management. NetSuite OneWorld also provides
multi-currency (AUD, USD, CLP and GBP) functionality, which
supports Seeing Machines' growing export business into more than 10
countries.
Spun out of the Australian National
University, Seeing Machines was founded by four researchers
in 1997 and commercialised in 2000 to help machines understand
driver fatigue and distraction in people by tracking and
interpreting human faces and eyes. Today, the company has 158
employees and is listed on London's Alternative Investment Market (AIM),
recording AU$21.2 million in revenue for the 2015 financial year,
an increase of 20 percent over 2014. Since January 2015, Seeing Machines' technology has
detected and intervened in over 120,000 fatigue events globally.
Its disruptive innovation led the company to be awarded the Most
Innovative Product, the Most Innovative Medium Sized Business and
in the Top 10 Most Innovative Companies in Australia at BRW's Most Innovative Company
Awards 2015.
Seeing Machines is on a steep growth trajectory as it realises
the potential of its technology across a broad spectrum of
industries globally, which means that wherever these vertical
markets operate, it will also need to have a presence. This growth
potential was constrained by the company's previous disparate
software - which was not integrated, required extensive ongoing
maintenance, did not easily support multiple subsidiaries or
currencies and limited visibility across the business. In
particular, Seeing Machines was using a heavily customised version
of Salesforce.com for many functions it was not designed for, such
as creating invoices, tracking inventory and more, which created
problems each time there was a software update. Seeing Machines was
looking for a fully integrated, cloud-based business management
solution that could scale with the business as it grows and enable
its team to work from any location globally.
After reviewing a number of solutions including Epicor, Sage X3,
SYSPRO, Aggresso, Pronto and Microsoft Dynamics, Seeing Machines
recognised that NetSuite was the only true, completely integrated
cloud solution that could provide the flexibility and agility
required to meet its growing business needs. It was particularly
impressed with NetSuite OneWorld's ability to run multiple entities
on the same platform, its multi-currency environment, ease of
navigation and its intuitive user interface.
"NetSuite OneWorld has given us a lot more control and
visibility of what we are doing, which has enabled us to grow and
diversify quickly, with considerably less pain than we could have
done previously," said James Walker,
CFO of Seeing Machines. "We now know where our expenses are, what
it costs to produce something and what we should be charging for
our products and services. By capturing all of our business
transactions in the one place, we can now see the impact of
decisions on our bottom line and make more informed business
decisions."
NetSuite OneWorld provides Seeing Machines with the following
key benefits:
Multi-subsidiary management – NetSuite OneWorld enables
Seeing Machines to easily manage its subsidiaries in the U.S. and
Chile by automating transactions
between the businesses, eliminating double entry of data and
helping to remove the possibility of human error. Consolidated
reporting is also helping Seeing Machines gain real-time visibility
across all of its subsidiaries to assess how each one is
performing.
Superior Inventory Management – With real-time visibility
into inventory globally, Seeing Machines can now better plan for
how much inventory it needs, track the movement of goods and meet
customer demand much quicker. With data previously in different
systems, the company had issues knowing how much inventory it had
in its warehouses and where it was located, which lead to the
potential for error, as well as a three month lead time between the
orders coming in and fulfilment. Since implementing NetSuite
OneWorld, there is now a three week turnaround due to staff having
access to all the data they need to do their jobs, which ensures
the right equipment goes to the right customer at the right
price.
Improved control and accountability – NetSuite OneWorld
has given Seeing Machines much greater control over the
customisation of user roles, with audit trails providing the
ability to track each transaction and respond or intervene in the
event of human errors. This real-time visibility has helped improve
staff accountability.
Time savings and improved accuracy – NetSuite OneWorld's
reporting capabilities have given Seeing Machines real-time insight
into how its bottom-line financials are tracking across its
different currencies. The company was not able to achieve this with
its previous system, which was a very manual process. What used to
take the accounting team hours, extracting the required information
from different files and convert currencies, can now be done
automatically in a matter of minutes and at the click of a button
in NetSuite.
Leveraging NetSuite's partner ecosystem – Seeing Machines
is also taking advantage of the Infinet Cloud SuiteApp for payroll,
which was built on NetSuite's SuiteCloud platform to complement its
deployment of NetSuite OneWorld, with full integration.
"We have experienced 13 percent growth since implementing
NetSuite, which has enabled us to better cope with our strong
growth path, new products we are developing and new partnerships
that we have," added Mr Walker. "If we didn't have NetSuite, we
would have had a lot more pain trying to keep track of our growth
and report on it, which would have had a flow on effect to what we
could achieve. We probably wouldn't have even known we had the 13
percent increase!"
According to Mark Troselj, vice president and general manager
for ANZ at NetSuite: "Seeing Machines is a classic example of how
cloud is helping innovative, disruptive businesses to gain much
needed visibility across their organisations to make informed
decisions, as well as the flexibility, scalability and agility
needed to meet their immediate and future needs for growth and
expansion on a global scale."
Today, more than 24,000 companies and subsidiaries depend on
NetSuite to run complex, mission-critical business processes
globally in the cloud. Since its inception in 1998, NetSuite has
established itself as the leading provider of enterprise-ready
cloud business management suites of enterprise resource planning
(ERP), customer relationship management (CRM), and ecommerce
applications for businesses of all sizes. Many FORTUNE 100
companies rely on NetSuite to accelerate innovation and business
transformation. NetSuite continues its success in delivering the
best cloud business management suites to businesses around the
world, enabling them to lower IT costs significantly while
increasing productivity, as the global adoption of the cloud
accelerates.
For more information about NetSuite please visit
www.netsuite.com.au.
Follow NetSuite's Cloud blog, NetSuite's Facebook page and
@NetSuiteAPAC Twitter handle for real-time updates.
NOTE: NetSuite and the NetSuite logo are service marks of
NetSuite Inc. Third-party trademarks mentioned are the property of
their respective owners.
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SOURCE NetSuite Inc.