Oracle NetSuite Corporate Communications
Australian Non-profit Centralises Financial Management to Achieve Operational Efficiencies Across the Agency
Sydney—November, 28 2017—Oracle NetSuite, the world’s leading provider of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, announced today that International Women’s Development Agency (IWDA), the leading Australian agency entirely focused on women’s rights and gender equality in Asia Pacific, implemented NetSuite OneWorld to centralise and improve financial management and deliver new operational efficiencies that will help it to strengthen and focus more deeply on its vision of gender equality for all.
Founded in 1985 and headquartered in Melbourne, Australia, IWDA’s mission is to advance and protect the rights of women and girls everywhere by promoting women’s leadership and participation, strengthening women’s safety and security, accelerating women’s economic empowerment and advancing systemic change. IWDA has worked with 194 program partners across 36 countries and territories around the world. Today, it is focused on partnership programs and projects across Asia Pacific as well as research, policy and advocacy through national, regional and global platforms. IWDA conducts gender-sensitive research into topics such as—relationship between money and violence, violence against women with disabilities in Cambodia and the poverty gap between men and women. IWDA staff and partners are constantly on the move, working in urban or rural settings—from the Highlands of Papua New Guinea, to the Valleys of Myanmar and Mountains of Timor Leste or the Lagoons of the Solomon Islands. This creates significant challenges across communications, accountability, reporting and management.
The Social Impact arm of NetSuite is committed to mobilising corporate resources for social impact through its signature software donation and pro bono services. As a non-profit, IWDA qualified for NetSuite’s Social Impact software donation.
The organisation has experienced strong growth, with revenue increasing from $4.5m to $10.6m over four years through development grants and community support contributions. As a result, IWDA needed to replace its existing MYOB, Calxa and Excel spreadsheets for financial management and reporting. It implemented NetSuite OneWorld in January this year to free up time for staff to focus more time on programs, resources, partnerships and advocacy, rather than being bogged down in manual processing and reporting.
“The centralised integrated cloud solution provided by NetSuite has brought an important technological leap for our operations and reduces management and duplication of data, creating efficiencies across the agency,” said Joanna Hayter, CEO at IWDA. “We are excited to advance our Agency’s productivity in this way and we believe NetSuite will continue to provide us with scalability for the future.”
NetSuite OneWorld supports 190 currencies, 20 languages, automated tax calculation and reporting in more than 100 countries; customer transactions in more than 200 countries; and enables businesses to streamline their mission-critical business processes.
NetSuite OneWorld has enabled IWDA to adopt a sophisticated financial knowledge management process delivering greater data integrity and minimising data duplication, it’s also bringing greater visibility to activity reporting and lifting IWDA to a new level of accountability and engagement between budget holders. The solution has also helped strengthen audit trails and reduce time spent on month-end reporting by at least three days, with an expectation this will reduce further. IWDA staff and partners can now also remotely access documentation and information anywhere, anytime.
A critical part of the partnership was NetSuite’s ability to demonstrate similar corporate values in terms of its support for nonprofits through its Corporate Social Responsibility (CSR) initiatives and an alignment of values and intent towards equitable fair work and vision. This important measure was the first attribute IWDA assessed when it first selected NetSuite.
“We’re delighted to be working with IWDA by providing the technology foundation to assist the organisation in its mission to help women reach true equality,” said Lee Thompson Group Vice President and General Manager, Asia Pacific and Japan (JAPAC), Oracle NetSuite. “With NetSuite OneWorld, IWDA can better use existing information and data to look more strategically into the future and make the best business decisions to further the organisation’s vision and meet its socially and economically important business objectives.”
About Oracle NetSuite Social Impact
Oracle NetSuite Social Impact’s mission is to accelerate the social impact of non-profit and social enterprises globally, regardless of ability to pay, with its software donation and pro bono services. For more information, please visit http://www.netsuite.com/socialimpact.
About Oracle NetSuite
Oracle NetSuite pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, it provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit http://www.netsuite.com.hk.
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