ROLLER, the ticketing and venue management platform, replaced Oracle NetSuite OneWorld with a new cloud ERP system. What does this mean for their business and the future of ERP?
ROLLER, a prominent ticketing and venue management platform, has made a significant change to its financial operations by moving away from Oracle NetSuite OneWorld. They've implemented a new cloud-based Enterprise Resource Planning (ERP) system with the help of Annexa, a cloud ERP implementation specialist.
Previously relying on Oracle NetSuite OneWorld for its finance management, ROLLER opted for a new solution to better streamline its financial processes. Annexa spearheaded the six-month rollout of the new system, aiming to improve efficiency and data visibility.
The new cloud ERP is designed to automate several crucial financial tasks, including:
This news highlights the growing trend of businesses, even successful ones like ROLLER, re-evaluating their existing ERP systems. It's not always about the biggest name in the market; it's about finding the right fit for specific business needs and growth aspirations.
For other companies considering ERP implementations or replacements, ROLLER's case offers valuable insights into the potential benefits of a well-executed cloud ERP deployment. It demonstrates how automation and data unification can significantly impact financial efficiency.
In our opinion, ROLLER's decision to move away from Oracle NetSuite OneWorld likely stems from a desire for a more agile and tailored solution. While NetSuite is a robust platform, it can sometimes be complex and expensive to customize. A more specialized or nimble cloud ERP, coupled with Annexa's expertise, probably provided ROLLER with a more cost-effective and efficient path forward.
The focus on automating revenue recognition is particularly noteworthy. As a ticketing and venue management platform, ROLLER likely deals with complex revenue streams and deferral schedules. Automation in this area can significantly reduce errors and improve financial reporting accuracy.
The speed of implementation – a mere six months – suggests a well-planned and executed project. This also speaks volumes about the advantages of modern cloud ERP solutions over traditional on-premise systems.
This move could impact ROLLER positively by:
Looking ahead, we expect to see more companies in the SaaS and ticketing industries adopting cloud ERP solutions. The ability to automate complex financial processes, gain real-time visibility into financial data, and scale quickly is crucial for success in today's dynamic business environment.
ROLLER's story underscores the ongoing evolution of ERP systems. Businesses are increasingly demanding cloud-based, flexible, and scalable solutions that can be easily integrated with other applications. The era of monolithic, on-premise ERP systems is gradually fading as companies embrace more agile and cloud-native alternatives.
The success of ROLLER's transition will be measured by its ability to improve financial efficiency, reduce costs, and support the company's continued growth. It's a case study that other businesses considering ERP changes should definitely keep an eye on.
