"NetSuite OneWorld gives us the power to conduct intercompany transactions across subsidiaries, while the reporting provides a clear indication of where the company is financially," said Roxas Holdings Inc. President & CEO Renato C. Valencia. "The insight we receive from NetSuite OneWorld, combined with the flexibility of the platform across our organization, is helping us in developing a strong foundation for growth adaptability."
Francisco S. Rondilla, Vice President for Information Technology at Roxas Holdings, shared that the company has saved money by opting to subscribe only to offerings of NetSuite that address the group's requirements. "NetSuite OneWorld helped us avoid large up-front capital investments while providing mobility and anywhere, anytime, any device data access. NetSuite has done a lot of great things for the company. We now have a single system for the entire enterprise. Our financial consolidation is effortless and that used to be our biggest pain point. Today, we can see revenues, expenses and transactions on a per-customer basis, on demand and in real-time with summary-to-detail reporting. We can always trace back to any transaction, Mr. Rondilla said.
"It doesn't take days or weeks or months to run a report in NetSuite, which makes our decision-making process faster and more accurate," Mr. Valencia said.
Mr. Rondilla added: "And it's much quicker to do modifications in NetSuite—where before, we had to hand-code everything."About Roxas HoldingsRoxas Holdings, Inc. (RHI) is the largest sugar producer in the Philippines. RHI owns and operates the largest milling operations and is the second largest refiner of sugar in the Philippines. Together, the complementary locations of the sugar mills enable RHI to serve customers throughout the Philippines. To know more about Roxas Holdings, please visit us at www.rhi-cadp.com.ph. About NetSuiteToday, more than 16,000 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 organizations 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. Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuite Twitter handle for real-time updates. For more information about NetSuite, please visit www.netsuite.com. NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts