REA Group came to us in 2014 seeking to implement a robust, scalable Enterprise Resource Planning solution to improve operational efficiencies and support global expansion.
Born in a garage in the eastern suburbs of Melbourne in 1995, REA Group has developed into a multinational digital media company specialising in property. With a focus on knowledge, collaboration, connection and creativity, REA Group oversees a portfolio of digital property sites and investments in Australia, Asia, Europe and North America. This includes the market-leading site, realestate.com.au, and its award-winning mobile apps.
It had become increasingly clear that Sage Accpac’s aging platform and lack of flexibility was holding the business back, making it unable to keep up with evolving and demanding business requirements. In the past, consolidation, deferred revenue and group reporting functions were all completed manually and would take weeks to complete. Complex modifications to Sage Accpac’s back end restricted the ability for the legacy platforms to be upgraded, hampering the business’ ability to keep up with ever changing business requirements.
Watch Norm Duce of REA Group speak at SuiteConnect Sydney on the 29th September 2016 and discuss REA Group's successful transition to the cloud and the benefits they have experienced so far.
- ERP Solution
- Custom development
- NetSuite One World
‘Annexa have made a massive contribution to the successful implementation of NetSuite at REA. They were flexible, adaptable and willing to go the extra mile to support us.’
Phil Moon, Finance Systems Lead, REA Group
“Working with Annexa was an extremely positive experience. Their contribution to the successful implementation of NetSuite at REA Group was huge and we see their consultants as valuable team members. They were willing to adapt and work with us in an agile manner and were always flexible and keen to go that extra mile to support us,’ Phil Moon, Finance Systems Lead, REA Group.
REA Group partnered with Annexa to replace 26 instances of Sage Accpac with a single database for global operations – NetSuite OneWorld. This aimed to eliminate the costly and time-consuming integration often associated with using a patchwork of disconnected systems. It worked, and the scalable platform has enabled REA Group to commence deploying the NetSuite solution across global operations.
Complex revenue recognition calculations and postings that once took REA three or more days to complete manually are now processed automatically within NetSuite. Global consolidation, once a manual process taking in excess of a day to complete, is now in real-time providing REA Group with greater visibility and flexibility to run their business.
NetSuite OneWorld has enabled REA Group to reap the benefits of true cloud infrastructure, ensuring the business is always on the latest version, providing power and flexibility to support their business strategy.