Singapore-based Budget Airline Fuels Business Growth with NetSuite

NetSuite Inc. a leading provider of cloud-based financials / ERP and omnichannel software suites, recently announced that Scoot, a wholly-owned subsidiary of Singapore Airlines, has deployed NetSuite as its core financial management platform in a two-tier ERP model aligned with an on-premise SAP ERP application in place at the parent Singapore Airlines.

Since the implementation, NetSuite has supported Scoot in its network growth across Asia and Australia, enabling Scoot to attain cost-efficiencies and speed to market. Business agility through NetSuite has been critical in helping Scoot drive its exponential business growth while expanding its network across 15 destinations in China, Australia, Hong Kong, Japan, South Korea, Taiwan and Thailand.

NetSuite gives Scoot a versatile platform for efficient end-to-end financial processes, including vendor payments, revenue reporting and fixed asset management with automated depreciation covering its fleet of Boeing Dreamliners worth well over 2 billion Singapore dollars. Multi-currency capabilities in the NetSuite International Edition enable Scoot to book revenue and costs in between 10 to 15 currencies, most often in Chinese Renminbi, Japanese Yen, Australian Dollar, Korean Won and the United States Dollar. Automated vendor payment processes help to save nearly one-third of full-time resources at Scoot's business process outsourcing (BPO) partner, while on-demand reporting capability provides management with an instant access to key business metrics to drive the business.

NetSuite has enabled additional benefits for Scoot, including: personnel savings, ease of use, and extensibility for growth.

To read more, and learn about upcoming webinars and other events, visit the NetSuite Press Room.

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