Corporate Protection Australia Group Realises Fast ROI with NetSuite


Corporate Protection Australia Group

Company

Corporate Protection Australia Group

Location

Brisbane, Australia

Industry

Services

Applications Replaced

MYOB


"The biggest value for the board of directors has been our ability to realise payback from our investment in NetSuite. We couldn't be happier with the product." Corporate Protection Australia Group

Customer Success

  • NetSuite supplies high business visibility and control for the provider of third-party security, paramedic, and fire and rescue training and labour to about 170 companies in the mining, maritime and critical infrastructure industries.
  • Corporate Protection Australia Group (CPA Group) has grown revenue by nearly 40% since phased NetSuite rollout got under way in 2013, replacing MYOB.
  • CPA Group has a scalable growth platform as it plans to more than double its workforce from 450 to 1,000 in the next several years.
  • CPA Group is saving the expense of four full-time employees by outsourcing its AP/AR and payroll processes to third-party providers using CPA Group’s NetSuite instance.
  • By outsourcing finance and payroll through the cloud, CPA Group recouped its NetSuite investment in just over a year and spends just one-sixth of what it did previously on accounting.
  • NetSuite OneWorld supplies multi-entity management and global financial consolidation across seven subsidiaries, including New Zealand, Papua New Guinea, Malaysia and Singapore.
  • Use of multi-currency conversion capabilities in NetSuite OneWorld will expand from two or three currencies to five or six currencies in the next year and a half as the company continues to grow.
  • Financial consolidation that used to take a day and a half each month is now accomplished in a couple of hours.
  • CPA Group sales personnel leverage unified customer records in NetSuite CRM to improve sales and service effectiveness.
  • CPA Group has reduced its on-premise server count from four to one while minimising its IT overhead.

Challenges

  • MYOB lacked multi-entity, multi-currency and financial consolidation capabilities, forcing CPA Group in time-consuming and error-prone manual exports and reporting from spreadsheets.
  • CPA Group lacked timely visibility into key business metrics with monthly reporting through MYOB and Excel.

Solution

  • After evaluating Microsoft Dynamics NAV (Navision) and SAP Business One, CPA Group selected NetSuite as a secure, scalable cloud platform that could support its strong growth.
  • Pilot implementation by NetSuite Australian partner JCurve demonstrated the viability of the solution to board of directors and financial managers.
  • Customised record and workflow creation through SuiteCloud Development Platform enables CPA Group to tune NetSuite to its unique business requirements.

Learn About OneWorld Global Business Management

Schedule a free consultation