Oceanus Group Simplifies Multi-Subsidiary Management

Oceanus Group automates processes and speeds up reporting with NetSuite

Based in Singapore, Oceanus Group is a provider of food technology and security solutions that aim to simplify complex cross-border trade and address global food security. In addition to food production, the company offers integrated payment, financing, logistics, storage, and distribution services to meet the evolving needs of global food traders. Its innovative approach strengthens food supply chains from production to plate, enabling more efficient and reliable connections between markets worldwide. To support its expanding international footprint, Oceanus Group chose NetSuite OneWorld as a scalable platform to streamline subsidiary management.

Company

Oceanus Group

Location

Singapore

Industry

Food and Beverage

Employees

100 to 150

Number of SUBSIDIARIES

Number of COUNTRIES

Applications Replaced

Legacy System

NETSUITE PRODUCTS IMPLEMENTED

NetSuite OneWorld
NetSuite Fixed Asset Management
NetSuite Inventory Management

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“Before NetSuite, we were drowning in spreadsheets and fragmented systems. We now have the visibility and scalability to grow globally without second-guessing our inventory or financial data.” Duane Ho, Group CFO, Oceanus Group

One system to connect global trade

Feeding growth, breaking borders: Founded in 2008, Oceanus has grown into a diversified business group with 30 subsidiaries across 12 markets, recently expanding into Europe and the US. The company’s deep supply chain expertise and technology-driven services and business model have been key to its success in advancing global food security. For instance, its blockchain-enabled ecosystem platform, Oceanus Digital Intelligence Network (ODIN), helps customers eliminate cross-border trade friction by facilitating payments, trade financing, procurement, and logistics.

Outgrowing on-premises systems: As Oceanus expanded internationally, its legacy on-premises system was supplemented with spreadsheets and could no longer handle the complexities of cross-border operations across multiple subsidiaries and inventory locations. Extracting business data was time consuming, which delayed decision-making and increased operational risk. As a result, 70% of finance tasks were manual and repetitive, and the financial close process stretched to 45 days.

Single system to support success: With NetSuite OneWorld, Oceanus integrated its systems on a single cloud-based platform. Real-time financial consolidation across multiple currencies and subsidiaries ensures accuracy, compliance, and adherence with local tax and reporting requirements—reducing the financial close from 45 days to one week. NetSuite Inventory Management has also improved inventory accuracy to near 100%, reducing stockouts, minimising delays, and enhancing the overall customer experience.

Seeding growth with better insights: Since adopting NetSuite, Oceanus has seen a cultural shift towards greater collaboration, leading to more effective cross-departmental meetings and discussions. Enhanced visibility into workflow approvals lets management identify bottlenecks and support more informed, data-driven decisions. Looking ahead, Oceanus plans to implement NetSuite Analytics Warehouse to gain faster, deeper insights that will support its continued growth around the world.

Resources

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**Article** How to Choose the Right Global ERP System for Your Business

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