New Zealand-based apparel manufacturer Mons Royale has deployed NetSuite OneWorld, in a bid to gain greater global scalability through the cloud.
After an evaluation process that included SAP and Salesforce, Mons Royale will use NetSuite OneWorld for financial consolidation, inventory management, multi-currency for EUR, CHF, USD, AUD and NZD and multi-language support for English, French and German.
In addition, the move will provide greater tax compliance across its head office in New Zealand and five subsidiaries in the Austria, Switzerland, United States, Australia and New Zealand.
“The business benefits delivered by NetSuite OneWorld have been transformational for Mons Royale,” says Ben Irving, Chief Operating Officer, Mons Royale.
Founded in New Zealand in 2009, Mons Royale began shipping international orders during its first year of business and today is available in stores across North America, Europe, Japan, Australia and New Zealand, as well as direct to consumers online.
As a result of its global growth, Irving says Mons Royale struggled to capture real-time insights in order to make informed business decisions.
“As a growing business, we really needed a sophisticated ERP platform to help us introduce more efficient business processes, as well as help manage the complexity associated with a global business, trading in multiple geographies, languages and currencies,” he adds.
“For the first time we have a single source of truth available from our headquarters in New Zealand, which enables us to make more strategic business decisions, as well as deploy our most valuable resources on growing the business, versus back office business administration.”
With NetSuite OneWorld, Irving says Mons Royale has replaced a number of manual processes, allowing personnel to focus on more strategic tasks to grow the business.
“NetSuite OneWorld’s ability to log any currency or stock changes has automatically saved our finance staff up to 10 hours a week, where previously these changes had to be logged manually across disparate systems,” he adds.
Although headquartered in Wanaka in New Zealand, Mons Royale has a substantial global footprint, including manufacturing in China, 20 warehouse locations globally, physical offices in Austria, Switzerland and New Zealand plus multiple shipping locations in key markets around the world.
From this footprint, Mons Royal distributes its product to 450 retail locations with NetSuite OneWorld tracking all inventory movement worldwide in real-time.
“NetSuite OneWorld gives Mons Royale real-time visibility across all of its subsidiaries, with a single financial system of record, delivering greater confidence in accurate decision making,” Irving adds.