Misys Banks On NetSuite OneWorld To Transform Global Business Across More Than 150 Subsidiaries In 70 Countries

Leading Financial Software Company Gains a Modern, Agile Platform for Growth with NetSuite

LONDON, Oct. 6, 2015 /PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that Misys, a leading provider of banking, treasury, trading and risk software, has deployed NetSuite OneWorld to modernise its core business processes and simplify its operations across its 150+ subsidiaries in 70 countries, replacing disparate financial systems the company had amassed through its rapid growth and through acquisitions. Misys is now using a single unified instance of NetSuite OneWorld to run mission-critical business processes including key financial reports, billing, procure to pay, order-to-cash, revenue recognition, multi-currency, multi-language, intercompany transactions, and multi-country taxation compliance.

The NetSuite OneWorld deployment provides the flexibility, agility and scalability Misys needs to sustain its rapid growth and to gain a real-time view of the customer data across multiple business units, subsidiaries and countries. This modernisation effort equips Misys with a fully up-to-date, future-proof application environment geared for innovation and business transformation.

Misys needed an agile and flexible software system that could increase its effectiveness and efficiency, integrate contract management and billing, and improve reporting and transparency to reduce audit costs.

"We evaluated the market leaders and chose NetSuite for its core financial capabilities which let us maintain a single global view and for the ease with which we could pull data from our other systems," said Christina Grealy, Chief Information Officer at Misys. "That integration was critical to meet our goal of automating several complex and critical business processes within a single system. Moving our financial operations to NetSuite OneWorld has eliminated numerous manual processes and delivered significant time savings."   

"Misys has proven, once again, that NetSuite's agile platform quickly delivers value at an enterprise scale by eliminating silos of information to facilitate streamlining and automation of even the most complex of business processes," said Mark Woodhams, Managing Director, EMEA at NetSuite.

With support for 190 currencies, 19 languages and automated tax compliance in more than 100 countries, NetSuite OneWorld delivers the following key features and benefits to Misys, including: