Budget airline Scoot soars in NetSuite cloud

NetSuite, Inc., the industry's leading provider of cloud-based financials / ERP and omnichannel software suites, today announced that Scoot, a wholly-owned subsidiary of Singapore Airlines, has deployed NetSuite as its core financial management platform in a two-tier ERP model aligned with an on-premise SAP ERP application in place at the parent Singapore Airlines.

Scoot chose NetSuite after considering other major ERP solutions due to factors such as speed of implementation, low cost of ownership, real-time business intelligence and reporting, as well as the breadth and depth that NetSuite provides in financial reporting, multi-currency management and budgeting – all within one unified platform. Since implementation, NetSuite has supported Scoot in its network growth across Asia and Australia, enabling Scoot to attain cost-efficiencies and speed to market. Business agility through NetSuite has been critical in helping Scoot drive its exponential business growth while expanding its network across 15 destinations in China, Australia, Hong Kong, Japan, South Korea, Taiwan and Thailand. Scoot views NetSuite as its core ERP solution in its plan to triple its fleet size over the next several years with 20 new Boeing 787 Dreamliners to increase its presence in the medium and long-haul segment.

“As a startup, Scoot wanted a modern, agile business platform that could scale rapidly while ‘future-proofing’ our company for long-term innovation and growth,” said Ng Long Jian, Scoot Head of Finance. “We looked at other major and more established ERP, but NetSuite was the clear winner in meeting our requirements for cost-efficiency, fast deployment, real-time visibility into the business and flexibility. NetSuite is the perfect fit for Scoot to enable us to transform our business operations and support our growth.”

NetSuite gives Scoot a versatile platform for efficient end-to-end financial processes, including vendor payments, revenue reporting and fixed asset management with automated depreciation covering its fleet of Boeing Dreamliners worth well over 2 billion Singapore dollars.