Australian Firm ROLLER Cuts Finance Work, Adopts Oracle NetSuite
Synopsis
Australian software success story Roller has upgraded its global operations by switching to Oracle NetSuite OneWorld. By moving away from manual spreadsheets and old systems, the company has managed to cut its monthly financial closing time by 50%. This allows for real-time tracking across its major offices in Australia, the United States, and the United Kingdom. This article explores how Roller is using modern cloud technology to handle complex global taxes and currencies as it continues its rapid expansion into the international market.
Melbourne software company Roller has transformed its cash flow tracking with a new cloud system, Oracle NetSuite. This significant step makes the business streamline its day-to-day office work much faster and easier to manage in the office due to rapid technological growth worldwide.
Key Highlights
- Roller has migrated to NetSuite OneWorld for its global business operations
- The new system is a major update from the old, tedious methods of tracking money and invoices
- Now, Roller operates in 30 countries and handles 10 types of money.
- The platform enables the company to operate its offices in Melbourne, London and the USA from a single screen
- Automation has removed many of the little human errors that used to occur within reports
A Local Tech Triumph Leaves Manual Needs Behind
Roller, a Melbourne software company has taken a new step in its journey. For years, the company relied on old tools and spreadsheets to track its cash. But as they grew more successful abroad, those old systems could not keep up. With a cloud-based system, Roller has consolidated all its money data into one secure, digital location.
This development is a big win for the Melbourne firm. As it opened more offices in the US and the UK, the finance team was wasting too much time typing in data manually and attempting to reconcile various currencies. Now, the new system does all that heavy lifting automatically and it has doubled the internal office task speed.
Tax and Other International Money Management
Building a global Australian tech brand is already hard enough, and thought needs to be put into how different tax laws apply in other countries. NetSuite OneWorld allows Roller to do just that, showing them in real-time how much they are making in Australia, Europe and America. The software automatically converts US dollars or British pounds into Australian dollars at the latest available rates.
This real-time snapshot of the business enables teams to make better decisions on where to allocate capital next. Rather than waiting for a report monthly that may take weeks to write up, they can now see how the business is performing every morning.
Liberating the Team for More Valuable Work
By automating the dull stuff in accounting, sending out bills, checking payments and so on, Roller has freed its staff to spend far more time valuing work. The money team doesn’t spend their days tracking down errors anymore or holding out for missing data.
The other advantage of being in the cloud is that the team can work from anywhere. Whether in the headquarters in Melbourne or working from San Francisco, all eyes are on the same numbers at once. This has resolved a lot of communication issues amongst the global branches and brought everyone closer to feeling like they are on point.
Preparing for an Even Greater Future
Roller’s transition to this new tech is part of a strategy to become the best. They understand that to win big, they need professional-grade tools that can scale with them. Now with its digital foundation, Roller is set up to take on larger projects and enter new countries without worrying that its systems won’t hold.
With more Australian software companies wanting to sell to the world, Roller is a great example of how it can be done right. It shows that if you pick the right technology in the beginning, you can save hours and years later on.
FAQs
- What was wrong with the old software?
Spreadsheets were therefore too slow and couldn’t handle the different money types in other countries.
- What is NetSuite OneWorld?
It is a cloud system that provides global companies with one place for managing their cash, taxes and different currencies.
- How does the spent time compare with productivity?
And they halved the time it takes to complete their monthly money books.
- Is Roller still an Australian company?
Yes, it was founded in Melbourne and its head office is still there
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At Inspirepreneurs Magazine, covering entrepreneurship, business failures, and the human stories behind the world's most ambitious founders. She writes at the intersection of strategy and storytelling.
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