American Express Global Business Travel has put all of its financial operations on a cloud-based platform from Netsuite to gain the flexibility required to support its growth.
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
The company, which is a joint venture between American Express and investors, provides travel services to businesses.
It is using Netsuite’s OneWorld cloud-based enterprise resource planning (ERP) software to consolidate its financial processes across the world. The single system will support an operation that spans 140 countries and has 14,000 staff. The software supports 190 currencies, 19 languages and automated tax compliance in more than 50 countries.
Following the joint venture agreed in 2014, American Express Global Business Travel decided to move its global IT to the cloud to cut costs and become more efficient.
“We chose NetSuite because we were impressed with the flexibility of its cloud-based ERP, which is essential to supporting our business as we continue to transform and grow,” said Steve Curts, chief strategy officer at American Express Global Business Travel.
Read more about business applications in the cloud
- Airline Qantas upgrads its Oracle ERP platform and moves it into the cloud through outsourcing contract with Tata Consultancy Services.
- Oracle expertise proves crucial to integrating Salesforce.com’s CRM application through the Informatica Cloud service.
- Swiss bank UBS is yet to complete migration to a cloud-based HR system two-and-a-half years after deciding to implement Oracle Fusion Human Capital Management.
“The dashboard-driven capabilities of NetSuite OneWorld provide real-time visibility into our global operations, allowing us to operate more efficiently and reliably, which customers value in our company,” he said.
In a recent survey of about 1,400 software decision-makers in North America and Europe, Forrester Research found 26% had either already replaced their companies' core financial systems with software-as-a-service (SaaS) alternatives, or were planning to do so within two years, up from 13% the year before. Similarly, 39% said they had no plans to use financial SaaS applications, down from 63% in 2013.
American Express Global Business Travel has also agreed that NetSuite customers can access GBT Middle Market travel services at a preferred rate.