The Philippines' Largest Sugar Producer Drives Efficiency, Sweetens Bottom
Line With NetSuite OneWorld
Roxas Holdings Moves to NetSuite Cloud
Relies on NetSuite OneWorld to Run Mission-Critical Business Operations from
Financials and Accounting, Multi-Company Consolidation, to Sales Quotes and
Order Processing - All in One Unified Software Solution
SAN MATEO, Calif. and MAKATI CITY, Philippines, Sept. 19, 2013
SAN MATEO, Calif. and MAKATI CITY, Philippines, Sept. 19, 2013 /PRNewswire/ --
NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based
financials / ERP and omnichannel commerce software suites, today announced
that Roxas Holdings, Inc., the largest sugar producer in the Philippines, is
realizing dramatic improvements in financial and operational efficiency and
visibility since implementing NetSuite OneWorld. Roxas Holdings, (RHI; PSEi:
ROX), which supplies about 25 percent of the Philippines' demand for sugar and
serves customers such as Nestle Philippines, Inc. and Alaska Milk Corporation,
moved to NetSuite OneWorld in early 2012 to manage business operations in its
Head Office, two sugar mills, one sugar refinery and one bio-ethanol plant.
With NetSuite OneWorld, the company has gained real-time financial visibility
and powerful, simplified reporting while realizing immediate and significant
cost savings by moving from an on-premise IT infrastructure to the cloud.
NetSuite OneWorld is helping Roxas Holdings prepare for the challenges of the
impending tariff reduction on sugar to five percent under the ASEAN Free Trade
Agreement Common Effective Preferential Treatment (AFTA-CEPT) scheme that will
be implemented in 2015 by providing comprehensive insight into pricing and
Founded in 1927 and publicly traded on the Philippine Stock Exchange, Inc.,
Roxas Holdings turned to NetSuite's single, integrated cloud business
management suite after experiencing serious problems trying to access data
scattered across the organization.
Roxas Holdings, which operates Central Azucarera Don Pedro, Inc. in Nasugbu,
Batangas, Central Azucarera de la Carlota, Inc. in La Carlota City in Negros
Occidental, and Roxol Bioenergy Corporation in Barangay RSB, La Carlota City,
Negros Occidental, and which holds a major stake in Hawaiian-Philippine
Company, in Silay City – also in Negros Occidental, tapped Manila-based
CloudTech, the 2013 NetSuite APAC Solution Provider Partner of the Year, to
conduct an evaluation of NetSuite's cloud ERP platform, which is currently
used by more than 16,000 companies and subsidiaries around the world.
The sugar group went live on NetSuite OneWorld after a month of defining the
business requirements and about three months of customization by CloudTech,
working in tandem with the in-house development team of ITG. Today, Roxas
Holdings uses NetSuite OneWorld for financial consolidation and intercompany
transactions across the parent company and its sugar mills – CADPI in Nasugbu,
Batangas and CACI in La Carlota City, Negros Occidental, handling accounts
payable and receivable and custom reporting with summary-to-detail drill-down.
With its 160 NetSuite users, Roxas Holdings also relies on NetSuite OneWorld
to support its sales processes of proposals, orders, deliveries, and customer
invoicing and payments, as well as procurement of goods from suppliers.
NetSuite OneWorld also supports a number of inventory processes, with plans in
the works to expand usage for both real-time inventory management and
manufacturing processes and instrumentations that involve milling about 36,000
tons of sugarcane a day and production of over 100,000 liters of bio-ethanol a
day from molasses. The power and flexibility of the NetSuite SuiteCloud
Computing Platform also allowed Roxas Holdings to make specific customizations
to its business and manufacturing processes, enabling the group to move
millions of dollars of sugar through the system. A separate instance of
NetSuite has been deployed to support the Roxas Foundation charitable
organization, as a grantee of the NetSuite.org corporate citizenship program.
"NetSuite OneWorld gives us the power to conduct intercompany transactions
across subsidiaries, while the reporting provides a clear indication of where
the company is financially," said Roxas Holdings Inc. President & CEO Renato
C. Valencia. "The insight we receive from NetSuite OneWorld, combined with
the flexibility of the platform across our organization, is helping us in
developing a strong foundation for growth adaptability."
Francisco S. Rondilla, Vice President for Information Technology at Roxas
Holdings, shared that the company has saved money by opting to subscribe only
to offerings of NetSuite that address the group's requirements. "NetSuite
OneWorld helped us avoid large up-front capital investments while providing
mobility and anywhere, anytime, any device data access. NetSuite has done a
lot of great things for the company. We now have a single system for the
entire enterprise. Our financial consolidation is effortless and that used to
be our biggest pain point. Today, we can see revenues, expenses and
transactions on a per-customer basis, on demand and in real-time with
summary-to-detail reporting. We can always trace back to any transaction, Mr.
"It doesn't take days or weeks or months to run a report in NetSuite, which
makes our decision-making process faster and more accurate," Mr. Valencia
Mr. Rondilla added: "And it's much quicker to do modifications in
NetSuite—where before, we had to hand-code everything."
About Roxas Holdings
Roxas Holdings, Inc. (RHI) is the largest sugar producer in the Philippines.
RHI owns and operates the largest milling operations and is the second largest
refiner of sugar in the Philippines. Together, the complementary locations of
the sugar mills enable RHI to serve customers throughout the Philippines. To
know more about Roxas Holdings, please visit us at www.rhi-cadp.com.ph.
Today, more than 16,000 companies and subsidiaries depend on NetSuite to run
complex, mission-critical business processes globally in the cloud. Since its
inception in 1998, NetSuite has established itself as the leading provider of
enterprise-class cloud financials/ERP suites for divisions of large
enterprises and mid-sized organizations seeking to upgrade their antiquated
client/server ERP systems. NetSuite excels at streamlining business operations
as demonstrated in a recent Gartner study naming NetSuite as the fastest
growing financial management software vendor on a global basis. NetSuite
continues its success in delivering the best cloud ERP/financials suites to
businesses around the world, enabling them to lower IT costs significantly
while increasing productivity, as the global adoption of the cloud is
Follow NetSuite's Cloud blog, NetSuite's Facebook page and @NetSuite Twitter
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For more information about NetSuite, please visit www.netsuite.com.
NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc.
Third-party trademarks mentioned are the property of their respective owners.
SOURCE NetSuite Inc.
Contact: Mei Li, NetSuite Inc., 650.627.1063, firstname.lastname@example.org
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