{"id":713,"date":"2017-06-16T13:39:34","date_gmt":"2017-06-16T13:39:34","guid":{"rendered":"https:\/\/solutionsreview.com\/enterprise-resource-planning\/?p=713"},"modified":"2022-07-13T20:39:40","modified_gmt":"2022-07-13T20:39:40","slug":"netsuite-oneworld-fuels-hothead-games-business-growth","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/enterprise-resource-planning\/netsuite-oneworld-fuels-hothead-games-business-growth\/","title":{"rendered":"NetSuite OneWorld Fuels HotHead Games Business Growth"},"content":{"rendered":"
\"NetSuite

Source: NetSuite<\/p><\/div>\n

Oracle NetSuite Global Business Unit<\/a>, one of the world’s leading providers of cloud-based financials, ERP, HR and omnichannel commerce software suites, announced yesterday that Canada-based Hothead Games implemented NetSuite OneWorld to manage its rapidly growing business.<\/p>\n

Hothead Games<\/a> is one of the top 100 mobile game developers in the world, and uses NetSuite OneWorld to manage their mission-critical business processes including financial consolidation, accounting, purchasing, revenue recognition and multi-currency transactions and multi-country tax compliance.<\/p>\n

Since going live on NetSuite OneWorld in February last year, after a rapid two-month implementation, Hothead Games has increased operational efficiency and gained the scalability needed to grow its business.<\/p>\n

Based in Vancouver, BC, Hothead Games in one of Canada’s most successful digital entertainment companies. In response to strong demand and new market opportunities, Hothead Games recently expanded its team by 50 percent, which made the company more complex to operate.<\/p>\n

In order to successfully manage this growth and to reduce the complexity, the company needed to replace its previous software system. Beforehand, Hothead Games had an accounting system that was slow to generate forecasts and required manual processes to compare actuals against forecast.<\/p>\n

“We were always looking for a way to bridge the gap between the analytics in US dollars and the financial results in Canadian dollars,” said Tim Holland, Hothead Games’ Director of Finance.<\/p>\n

NetSuite OneWorld currently supports 190 currencies, 20 languages, automated tax calculation and reporting in more than 100 countries, and transactions in more than 200 countries. According to the press release<\/a>,\u00a0NetSuite OneWorld delivers the following benefits to Hothead Games:<\/p>\n