2-tier model aligned with Singapore Airlines’ on-premises SAP
Business agility critical for Scoot’s expansion
SCOOT, the long-haul low-cost wholly-owned subsidiary of Singapore Airlines, has deployed NetSuite as its core financial management platform, NetSuite Inc said in a statement.
Financial details were not disclosed. The deployment is being implemented by NetSuite’s Singapore-based solution provider M.SaaS Solutions.
San Mateo, California-based NetSuite provides cloud-based financials/ ERP (enterprise resource planning) and omnichannel software suites.
Scoot will deploy NetSuite in a two-tier ERP model aligned with an on-premises SAP ERP application in place at parent company Singapore Airlines, the US technology company said.
Scoot chose NetSuite due to factors such as speed of implementation, low cost of ownership, real-time business intelligence and reporting, as well as the breadth and depth that NetSuite provides in financial reporting, multi-currency management and budgeting – all within one unified platform, it claimed.
Since implementation, NetSuite has supported Scoot in its network growth across Asia and Australia, enabling Scoot. Business agility through NetSuite has been critical in helping Scoot drive its exponential business growth while expanding its network across 15 destinations in China, Australia, Hong Kong, Japan, South Korea, Taiwan and Thailand, NetSuite said in its statement.
Scoot plans to triple its fleet size over the next several years with 20 new Boeing 787 Dreamliners to increase its presence in the medium and long-haul segment.
“As a startup, Scoot wanted a modern, agile business platform that could scale rapidly while ‘future-proofing’ our company for long-term innovation and growth,” said Ng Long Jian, head of finance at Scoot.
“We looked at other major and more established ERP [solutions], but NetSuite was the clear winner in meeting our requirements for cost-efficiency, fast deployment, real-time visibility into the business and flexibility,” he added.
NetSuite gives Scoot a versatile platform for efficient end-to-end financial processes, including vendor payments, revenue reporting and fixed asset management with automated depreciation covering its fleet of Boeing Dreamliners.
Multi-currency capabilities in the NetSuite International Edition enable Scoot to book revenue and costs in between 10 to 15 currencies, most often in Chinese Renminbi, Japanese Yen, Australian Dollar, Korean Won and the US Dollar.
Automated vendor payment processes help to save nearly one-third of full-time resources at Scoot’s business process outsourcing (BPO) partner, while on-demand reporting capability provides management with an instant access to key business metrics to drive the business, NetSuite declared.
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