Oracle NetSuite Corporate Communications
NETSUITE SUITECONNECT, LONDON—10 November 2014—NetSuite Inc. (NYSE: N), the industry’s leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that Supercell, the fastest growing company in Finland, and developer of three top-grossing games on the Apple and Google app stores (Clash of Clans, Hay Day, and Boom Beach), has deployed NetSuite OneWorld to support accounting and financial reporting for its business growth and geographical expansions.
Realising it had outgrown its previous on-premise accounting software, Supercell turned to NetSuite OneWorld to run its financial accounting and reporting processes, ranging from financial consolidation across four subsidiaries in the U.S., Denmark, Japan and South Korea, to multi-currency capabilities enabling it to transact in seven key currencies (Euro and those of the US, UK, Denmark, Japan, South Korea, and China)—all within a single unified software system. As a result, Supercell has transformed its finance operations to gain efficiencies in processing and closing globally to enable smooth reporting to the parent company, Softbank. After stratospheric growth which made Supercell the top-grossing mobile publisher on iOS and Android smartphones and tablets in less than two years, NetSuite OneWorld gives Supercell’s finance organisation the operational efficiency and scalability it needed to support its growth. In addition, Supercell is able to keep IT costs flexible as using cloud computing which ties minimal IT resources.
“NetSuite is the ideal solution for Supercell. It gives us one set of numbers and much better flexibility in reporting by subsidiaries and in multiple currencies,” said Heikki Puomila, Supercell head of accounting. “If someone wants to look at financials in different currencies or range of financial periods, it’s very easy to switch between these. As we consider new subsidiaries, I’m confident that NetSuite will support that growth.”
With support for 190 currencies, 19 languages and automated tax compliance in over 50 countries, deploying NetSuite OneWorld has enabled Supercell to realise:
Improved finance team efficiency. Puomila estimates that he himself is saving two to three days a month to consolidate the company’s financials, compared to the manual “tape and glue” consolidation and reporting processes of Excel.
Greater business visibility and real-time analytics. Supercell finance management can see at-a-glance cost and revenues across multiple subsidiaries and currencies, and drill down into details on an as-needed basis. Finance is able to access information at any time, from anywhere, right from within NetSuite.
Localisation. Supercell has localised NetSuite OneWorld for the Finnish market, with assistance from NetSuite Professional Services and Staria, a NetSuite Solution Provider Partner, based in Finland.
Greater ease of use. Supercell’s finance team is able to easily leverage NetSuite OneWorld, which Puomila describes as more modern and intuitive than the legacy on-premise ERP applications that he used at previous companies.
“NetSuite Cloud ERP has proven very flexible compared to traditional client/server setups, which seemed to also require more maintenance by IT personnel,” Puomila said. “Actually, the flexibility in NetSuite surprised us—you can make one change in configuration and that change is automatically then propagated across the entire system.”
Today, more than 20,000 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-class cloud financials/ERP suites for divisions of large enterprises and mid-sized organisations seeking to upgrade their antiquated client/server ERP systems. NetSuite excels at streamlining business operations as demonstrated in a recent Gartner study naming NetSuite as the fastest growing financial management software vendor on a global basis. NetSuite continues its success in delivering the best cloud ERP/financials suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.
For more information about NetSuite, please visit www.netsuite.com.sg.