This Day On The Street
Continue to site
ADVERTISEMENT
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

NetSuite Guides Lonely Planet To The Cloud

SYDNEY, Oct. 29, 2013 /PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that Lonely Planet, the world's largest travel guidebook publisher, has selected NetSuite OneWorld to replace SAP R/3 4.7 and Salesforce.com as its business management software globally, as part of a broader IT strategy to move to the cloud to achieve a more flexible and nimble IT operation. Lonely Planet plans to deploy NetSuite OneWorld to better manage its core business processes, including financials, customer relationship management ( CRM), demand planning, project management, warehousing and manufacturing. NetSuite OneWorld also provides multi-subsidiary, multi-language and multi-currency support that will allow Lonely Planet to manage its operations in real time by consolidating financials for five to ten different currencies, automating reporting and performing cost of sales analytics in Australia, the US, UK, India, China and new markets it enters.

Established in Melbourne more than 40 years ago, Lonely Planet is one of the world's most successful travel publishers, with 350 employees, 200 authors and more than 120 million books printed in 11 different languages. It is the number one travel guide book brand in the US, Australia and the UK, with more than 150 million unique users visiting its website every year and more than 11 million apps downloaded. Like the rest of the publishing industry, information consumption has changed considerably in the past decade, which has forced Lonely Planet to change its business model to remain relevant, as the traditional book industry declines. Despite these challenges, Lonely Planet has and will continue to evolve and help shape the future of travel.

"The reality of fast-changing market conditions means we need to stay ahead to generate future revenue and remain relevant," said Gus Balbontin, CTO of Lonely Planet. "This is the main driver for moving our entire IT strategy to the cloud, so we can gain greater flexibility to move quickly with the market as it changes, and to expand our footprint globally. With our business model changing in such a big way, we can't rely on a heavily customised and costly ERP solution to give us the agility we need. This is why we turned to NetSuite to give us the required flexibility, speed and agility to more easily achieve our broader growth strategy."

Lonely Planet reviewed a number of cloud solutions in the market, but found NetSuite was the only company that could provide all the ERP components it required in a single solution. NetSuite OneWorld delivers real-time global business management and financial consolidation at a fraction of the cost of traditional on-premise ERP solutions. It also provides numerous benefits for global businesses like Lonely Planet, driving finance and operational efficiency, delivering real-time visibility and consolidation, and providing flexibility for customisation to corporate and subsidiary needs. The move to NetSuite OneWorld will enable Lonely Planet to align operations across finance, sales and service, while seamlessly handling complex taxation rules and reporting requirements for the five countries it has a footprint in, all from a single solution.

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs