Jollibee Drives International Growth With NetSuite OneWorld
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Philippines' Largest Fast Food Chain Embraces NetSuite OneWorld to Manage
Subsidiaries and Divisions Across China, Vietnam and U.S.
SAN MATEO, Calif., July 30 /PRNewswire-FirstCall/ -- NetSuite Inc., (NYSE: N)
a leading vendor of cloud computingbusiness software suites, today announced
that it has won a contract to supply its NetSuite OneWorld solution to
Jollibee, the Filipino company that operates one of the world's largest
fast-food chains. A cloud computing solution that allows multinational and
multi-subsidiary companies to manage their global operations in real-time,
NetSuite OneWorld gives Jollibee a fast and cost-effective way to automate
reporting, perform real-time analytics, conduct audit trail analysis, operate
an international supply chain, consolidate international financials, and
enforce corporate governance standards in its subsidiaries and divisions in
the U.S. and in emerging markets such as Vietnam and China.
(Logo: http://www.newscom.com/cgi-bin/prnh/20021024/SFTH024LOGO)
Jollibee's five subsidiaries in Vietnam are able to manage day-to-day business
operations with a single, consolidated view. This initial implementation went
live within two months. Going forward, because of the flexibility and speed to
implementation features, NetSuite OneWorld enables Jollibee to take a
multi-tiered approach in China as the company currently plans to deploy
NetSuite OneWorld in 30 subsidiaries at the provincial level giving its
Chinese division a consolidated view of business operations across 190 stores.
This roll-out, now underway, is on schedule to be completed in August 2009.
Jollibee's U.S. subsidiary is currently using NetSuite for real-time financial
reporting and plans to deploy more functionality of NetSuite OneWorld in the
near future.
With over 1,800 restaurants worldwide and nearly 200 new stores opening each
year, Jollibee has enjoyed dramatic growth since its humble beginnings as two
ice cream parlors back in 1975. In addition to its leading market share in the
Philippines, the company operates 300 international outlets across Asia and
the United States. Geographic expansion, as well as the acquisition of
high-profile brands such as Greenwich Pizza and ChowKing, has given rise to
siloed processes and data, fueling the need for a truly international business
operating platform.
"NetSuite OneWorld gives us a way to deliver a standard platform across the
organization in a timeframe and at a cost that supports our continued growth
and development," said Jollibee CFO Ysmael Baysa.
NetSuite OneWorld Rolls Up to Oracle Financials
Jollibee's corporate headquarters uses Oracle for financial management and
reporting, but the company decided that expanding Oracle to Jollibee's
international operations would be too costly and resource-intensive. As a
result, the company's broader business interests relied on a patchwork of
legacy systems with no real integration. Reporting and consolidation were
managed over e-mail, making timely and informed decisions difficult. Processes
were opaque, restricting Jollibee from acting as a truly coordinated
international entity.
Seeking a solution with world-class capabilities, rapid deployment, and
reliable, proven integration processes, Jollibee turned to NetSuite. The
company quickly deployed NetSuite OneWorld first in Vietnam, where its
flexibility and ease of implementation were solid proof that NetSuite could
accommodate Jollibee's rapid international expansion.
With current expansion plans calling for a new store location opening every
two days on average, Jollibee needs solutions which provide robust
infrastructure on a tight schedule. NetSuite OneWorld's built-in support for
multiple currencies, multiple regions, subsidiary relationships and rapid
deployment make it an ideal choice for a global, fast-growing business.
Because NetSuite OneWorld has the ability to integrate with Oracle, Jollibee's
Manila headquarters can enjoy real-time visibility into the core aspects of
its Vietnamese operation, including granular performance analysis, online
supply ordering, consolidated reporting and a complete audit trail. NetSuite
delivered these benefits significantly faster and at a much lower cost than if
Jollibee had rolled out the Oracle platform in Vietnam.
Strengthened by the success of the Vietnamese pilot program, Jollibee
currently plans to roll out NetSuite OneWorld across its Chinese operation
before the end of the year, followed by Taiwan, the United States and other
Asian markets.
About NetSuite
NetSuite Inc. (NYSE: N) is a leading vendor of cloud computing business
management software suites. NetSuite enables mid-market companies to manage
core business operations in a single system, which includes accounting /
Enterprise Resource Planning (ERP), Customer Relationship Management (CRM),
and Ecommerce. NetSuite's patent-pending "real-time dashboard" technology
provides an easy-to-use view into up-to-date, role-specific business
information. For more information about NetSuite please visit www.netsuite.com
About Jollibee
Jollibee is a phenomenal success story, having grown from two ice cream
parlours in 1975 to over 1,800 restaurants worldwide today, including the
strategic acquisitions of high profile brands like Greenwich Pizza,
DeliFrance, Red Ribbon and ChowKing. The company now operates 300
international outlets in markets in the United States, across Asia and
throughout the Middle East.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements relating to
expectations, plans, and prospects including expectations relating to the
future growth of NetSuite's customer base. These forward-looking statements
are based upon the current expectations and beliefs of NetSuite's management
as of the date of this release, and are subject to certain risks and
uncertainties that could cause actual results to differ materially from those
described in the forward-looking statements. All forward-looking statements in
this press release are based on information available to the Company as of the
date hereof, and NetSuite disclaims any obligation to update these
forward-looking statements.
In particular, the following factors, among others, could cause results to
differ materially from those expressed or implied by such forward-looking
statements: continued adverse and unpredictable macro-economic conditions or
reduced investments in on-demand applications and information technology
spending and the risk of technological developments and innovations by others.
For a detailed discussion of these and other cautionary statements, please
refer to the risk factors discussed in filings with the U.S. Securities and
Exchange Commission ("SEC"), including but not limited to the Company's
Quarterly Report on Form 10-Q for the period ending March 31, 2009, and any
subsequently filed reports on Forms 10-K, 10-Q and 8-K. All documents are
available through the SEC's Electronic Data Gathering Analysis and Retrieval
system ("EDGAR") at www.sec.gov or NetSuite's Web site at www.netsuite.com.
NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite
Inc.
SOURCE NetSuite Inc.
Mei Li, NetSuite Inc., +1-650-627-1063, meili@netsuite.com
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