Clinical Solutions Subscribes To Netsuite For Global Healing Of Disparate Operations
Leader in Healthcare Software and Services Brings Together 8 Subsidiaries Via NetSuite OneWorld for Single, Worldwide View of its Business and Financial Accounting
Having Switched from Sage Line 100 and QuickBooks, Company Goes Live on NetSuite OneWorld in Weeks
LONDON and SAN MATEO, Calif. — May 2008 — NetSuite Inc. (NYSE: N), a leading vendor of on-demand, integrated business software suites, today announced that Clinical Solutions, a leading provider of healthcare software solutions and services for clinical decision support, informatics, triage nursing and assessment, has integrated its worldwide, end-to-end business operations with NetSuite OneWorld. NetSuite OneWorld enables Clinical Solutions’ eight subsidiaries spread across three continents and five locations to have one suite of financial accounting software, including financials and revenue recognition, and CRM software, thereby making the existing finance staff more productive; reducing costs on IT and eliminating expensive on-premise business software. NetSuite provides integrated, business software suites that include ERP (Enterprise Resource Planning) / Accounting software, CRM (Customer Relationship Management) and Ecommerce software for small and medium-sized businesses and divisions of large companies. For more information about the success story of Clinical Solutions please visit www.netsuite.com/clinicalsolutions.
With offices spread across three continents and five locations, the geographical and reporting complexities of Clinical Solutions meant they required financial accounting software that provided a true multi-currency, multi-location and multi-subsidiary solution. Clinical Solutions’ previous software, a mixture of different financial accounting software solutions, didn’t work well together, particularly with their multiple offices and a business that deals in multiple currencies.
Upon going live with NetSuite, all eight of Clinical Solutions’ subsidiaries were operating under one NetSuite umbrella. With the multi-currency ability of NetSuite OneWorld, each of Clinical Solutions’ subsidiaries is now able to handle and readily report in US dollars, Australian dollars, British pounds and Euros. Having single-instance consolidated financials together with the sales force automation of NetSuite alleviates Clinical Solutions’ previous problems of geographical complexity and difficulty in extracting information from multiple systems. NetSuite handles the different currencies, taxation rules and reporting needs, all within one, instantly accessible and easy-to-format system, which is available from anywhere on the globe.
Now with approximately 100 users of NetSuite, Clinical Solutions is realizing many benefits previously unknown to them. Information can be seen in real-time and can be shared across departments, across subsidiaries and across countries. This data need only be input once, resulting in considerable time savings. For instance, employee expenses can be entered online, saving the purchase ledger clerk considerable time and effort. In addition, bank reconciliations, which used to be done using spreadsheets, are now done within NetSuite. Not only is staff more productive but executives can also tap into the information in real-time. This increased visibility helps Clinical Solutions’ executives make better business decisions.
Dave Stanton, Finance Project Manager for Clinical Solutions, says NetSuite OneWorld has dramatically changed the way the company can share information across its business. “Now, many of our employees have been able to move from a data input environment to a much higher level of analysis, which means information can be used much more effectively, and our company can save even more time and money.”
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