Sport performance brand ASICS has deployed NetSuite OneWorld as its cloud-based business management suite to power its Singapore subsidiary ASICS Asia Pte Ltd, revealed software company NetSuite Inc during a Cloud Symposium Press Lunch in Singapore.
According to NetSuite, ASICS is currently using a single instance of NetSuite OneWorld to run all of its core business processes in Singapore, including financials, accounting, order management, and inventory management, with integration into a third party logistics solution.
NetSuite OneWorld provides ASICS with multi-subsidiary and multi-currency support to manage the company's Asian operations in real-time, by automating reporting, local tax compliance and consolidating financials in five different currencies (SGD, MYR, THB, PHP and USD). NetSuite OneWorld also has the capacity to support 19 languages and 190 currencies, enabling companies like ASICS to expand globally, the company said in a press statement.
To support its expansion in South East Asia, ASICS required a scalable ERP solution that could integrate financial results and data at its subsidiaries with its headquarters in Japan to provide real-time visibility across the whole organisation.
NetSuite OneWorld enables a two-tier ERP deployment model that allows organisations to have an on-premise ERP instance at their head office and to deploy NetSuite in its subsidiary offices, with the cloud solution integrating seamlessly with the company's existing on-premise solution.
In addition to Singapore, ASICS said that it hopes to deploy NetSuite in its Indian subsidiary ASICS India Private Limited, as the company looks to expand its operations in the South East Asia region.
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