Scoot deploys NetSuite as financial management platform

Scoot has deployed NetSuite as its core financial management platform in a two-tier ERP model aligned with an on-premise SAP ERP application at Singapore Airlines.

NetSuite provides low cost of ownership, real-time business intelligence and reporting, speed of implementation with financial reporting, multi-currency management and budgeting in a single unified platform.

The company said it has helped Scoot in its network growth across Asia and Australia while improving cost efficiencies and speed to market.

NetSuite will also provide platform for end-to-end financial processes, including vendor payments, revenue reporting and fixed asset management.

Additionally, Scoot can save nearly one-third of full-time resources at Scoot’s business process outsourcing (BPO) partner with automated vendor payment process.

Company officials said Scoot will expand its network across 15 destinations in China, Australia, Hong Kong, Japan, South Korea, Taiwan and Thailand.

NetSuite

“We looked at other major and more established ERP, but NetSuite was the clear winner in meeting our requirements for cost-efficiency, fast deployment, real-time visibility into the business and flexibility,” said Ng Long Jian, Scoot head of finance.

Science Applications International Corp (SAIC) deployed NetSuite OpenAir as a single, unified platform to run its critical resource management processes.

In May, NetSuite unveiled its transformative next-generation procure-to-pay capabilities to help transform business efficiency, simplify the user experience, improve control over spend visibility across the entire organization and drive profitability.

Shilpa Khatri

editor@infotechlead.com