This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Philippines' Largest Sugar Producer Drives Efficiency, Sweetens Bottom Line With NetSuite OneWorld

SAN MATEO, Calif. and MAKATI CITY, Philippines, Sept. 19, 2013 /PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that Roxas Holdings, Inc., the largest sugar producer in the Philippines, is realizing dramatic improvements in financial and operational efficiency and visibility since implementing NetSuite OneWorld. Roxas Holdings, (RHI; PSEi: ROX), which supplies about 25 percent of the Philippines' demand for sugar and serves customers such as Nestle Philippines, Inc. and Alaska Milk Corporation, moved to NetSuite OneWorld in early 2012 to manage business operations in its Head Office, two sugar mills, one sugar refinery and one bio-ethanol plant.

With NetSuite OneWorld, the company has gained real-time financial visibility and powerful, simplified reporting while realizing immediate and significant cost savings by moving from an on-premise IT infrastructure to the cloud. NetSuite OneWorld is helping Roxas Holdings prepare for the challenges of the impending tariff reduction on sugar to five percent under the ASEAN Free Trade Agreement Common Effective Preferential Treatment (AFTA-CEPT) scheme that will be implemented in 2015 by providing comprehensive insight into pricing and profitability.

Founded in 1927 and publicly traded on the Philippine Stock Exchange, Inc., Roxas Holdings turned to NetSuite's single, integrated cloud business management suite after experiencing serious problems trying to access data scattered across the organization.

Roxas Holdings, which operates Central Azucarera Don Pedro, Inc. in Nasugbu, Batangas, Central Azucarera de la Carlota, Inc. in La Carlota City in Negros Occidental, and Roxol Bioenergy Corporation in Barangay RSB, La Carlota City, Negros Occidental, and which holds a major stake in Hawaiian-Philippine Company, in Silay City – also in Negros Occidental, tapped Manila-based CloudTech, the 2013 NetSuite APAC Solution Provider Partner of the Year, to conduct an evaluation of NetSuite's cloud ERP platform, which is currently used by more than 16,000 companies and subsidiaries around the world.

The sugar group went live on NetSuite OneWorld after a month of defining the business requirements and about three months of customization by CloudTech, working in tandem with the in-house development team of ITG. Today, Roxas Holdings uses NetSuite OneWorld for financial consolidation and intercompany transactions across the parent company and its sugar mills – CADPI in Nasugbu, Batangas and CACI in La Carlota City, Negros Occidental, handling accounts payable and receivable and custom reporting with summary-to-detail drill-down. With its 160 NetSuite users, Roxas Holdings also relies on NetSuite OneWorld to support its sales processes of proposals, orders, deliveries, and customer invoicing and payments, as well as procurement of goods from suppliers. NetSuite OneWorld also supports a number of inventory processes, with plans in the works to expand usage for both real-time inventory management and manufacturing processes and instrumentations that involve milling about 36,000 tons of sugarcane a day and production of over 100,000 liters of bio-ethanol a day from molasses. The power and flexibility of the NetSuite SuiteCloud Computing Platform also allowed Roxas Holdings to make specific customizations to its business and manufacturing processes, enabling the group to move millions of dollars of sugar through the system. A separate instance of NetSuite has been deployed to support the Roxas Foundation charitable organization, as a grantee of the corporate citizenship program.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs