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Australian Ethical (ASX: AEF) Enables Fast Growth with NetSuite

By April 12th, 2023Latest news, NetSuite

Since 1986, Australian Ethical (AE) has grown its customers’ finances while positively impacting people, animals, and the planet. The company does this by investing responsibly in ethical companies that are contributing to a more sustainable future. This approach also generates long-term value for its customers. The success of this ASX listed company (ASX: AEF) is built on the principle that money can be used to create a better future for us all.

AE has 80+ staff and manages over $6 billion for 70,000+ clients (managed fund investors and funded superannuation members). The company has experienced rapid growth.

AE recognised the critical role of business systems to amplify success and support growth goals. As a result, the company launched an internal project, “FIT 4 GROWTH”, to review its current systems capability and identify the technology framework needed to support faster growth. The company focused on cloud-based, mobile-native solutions that would also provide longevity in a fast-moving technology environment.

Australian-Ethical-NetSuite-ERP-System-DWR-NetSuite-Partner-01To understand how a NetSuite ERP system could support the company’s goals and drive tangible outcomes, AE invited DWR Consulting, an award-winning NetSuite ERP partner, to engage in an RFP (request for proposal) process.

DWR demonstrated the robust financial and operational consolidation capabilities of NetSuite. “The business growth of Australian Ethical is already impressive”, says Nigel Wooden, Managing Director of DWR. The efficient multi-entity management of NetSuite will now help the company streamline and consolidate its operations. In addition, strong on-platform planning and budgeting capabilities and better financial insights will support accelerated growth moving forward.”

NetSuite is a cloud ERP platform that delivers real-time financial insights with live, role-based dashboards views. NetSuite’s innovative cloud-based financial solution, customisable report snapshots, KPIs, alerts, and reminders are all available from a single dashboard.

Australian-Ethical-NetSuite-ERP-System-DWR-NetSuite-Partner-01NetSuite also connects seamlessly via an open API to any external system. This connectivity will allow AE to consolidate external data into the core NetSuite platform to provide additional flexibility and future-proofing. Regardless of other built-for-purpose systems that are brought into AE’s technology infrastructure, the company can continue to build its single source of truth for all critical business data.

AE is now preparing for the implementation of a NetSuite Financials First Premium edition with NetSuite Planning and Budgeting Cloud Services (PBCS). The company is anticipating even faster growth, now supported by a future-focused cloud ERP implementation.

DWR looks forward to supporting AE’s business goals and enabling tangible outcomes for this high-growth company well into the future.

The right technology partner is just as important as the right ERP system. An experienced partner will tailor the solution to your business needs and focus on the outcomes, not just deliver the software.

DWR provides the tools and experience to amplify success; by bringing the right ERP technology, process framework, and team of business experts together. Talk to a technology expert about your business goals and challenges today.

Tiernan OConnor

Tiernan O'Connor is an accomplished Sales Director and NetSuite expert at DWR Consulting, a top-tier NetSuite Solution Provider and Implementation Partner. With over 25 years of experience in Sales, Marketing, Cloud ERP and technology, Tiernan has become a trusted authority in the NetSuite Partner community, helping businesses of all sizes streamline their operations and achieve success. Tiernan's in-depth understanding of NetSuite's capabilities and his extensive experience in implementing cloud-based ERP solutions have positioned him as a thought leader in the industry. He is known for his ability to identify and execute tailored strategies that meet each client's unique needs, ensuring they unlock the full potential of NetSuite's powerful features. Connect with Tiernan on LinkedIn

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