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OnBuy is using Oracle NetSuite to improve its financial operations and reporting.
“With NetSuite, we now have much greater visibility across departments and revenue streams, and more ways to report back to the business and investors. NetSuite will grow with us as we harness its ability to manage a multinational, multicurrency business,” said James Watts, CFO, OnBuy.
With NetSuite, OnBuy has been able to unify and manage its financial operations on a single cloud business system. NetSuite has helped the OnBuy finance team develop more in-depth departmental and investor reports, manage supplier payments, streamline bookkeeping activities and automate bank payments. To further optimise financial operations, the planning and budgeting capabilities in NetSuite will help the OnBuy team improve financial forecasting and modelling across the business. In addition, NetSuite will support OnBuy as it expands into new countries, by helping it manage transactions in multiple currencies and across subsidiaries. OnBuy worked with NetSuite partner MacroFin to complete its NetSuite implementation in just over three months, including customisation of workflows for budget approvals.
“In a multi-trillion-dollar industry, OnBuy has the potential to reshape the online commerce landscape,” said Brandon Wilkins, senior director, EMEA account management, Oracle NetSuite. “The systems OnBuy uses to run its business needs to be capable of delivering that scale. With NetSuite, OnBuy has a trusted partner to deliver exceptional experiences for its customers and its retailers, while keeping a keen eye on productivity and efficiency.”
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