For REA Group, operator of realestate.com.au, a 10-year relationship with NetSuite integrator and providers supplier Annexa has gone from energy to energy. The collaboration has pushed steady innovation throughout REA’s finance techniques and advanced what each corporations are celebrating as a powerful mannequin of long-term partnership.
REA Group and Annexa began working collectively in 2014 when the previous wanted to interchange its ageing ERP system that might now not help its growth plans.
On the time, REA Group’s ERP was end-of-life and was creating many month-end challenges. An organization consultant described it as successfully a sequence of databases that needed to be loaded and reloaded a number of instances to get the ultimate outcomes.
Annexa consolidated 26 separate databases right into a single NetSuite OneWorld platform, creating a world finance system that eradicated handbook consolidations and delivered real-time reporting. Month-end processes that after stretched throughout weeks now occur in a fraction of that point.
A decade-long partnership
The partnership has since prolonged past the preliminary implementation. Over 10 years, Annexa and REA have constructed customized options together with a CAPEX module for software program venture monitoring, an automatic dunning system for collections, Slack integration for buying approvals, and playbooks for acquisition integrations.
“We actually do see Annexa as our accomplice and they’re successfully an equal accomplice with us,” mentioned REA Group Senior Supervisor, ERP, Philip Moon. “We wished Annexa to be there with us within the trenches. They’ve turn out to be integral to the success of the platform.
“We’ve 10 years price of how of working which have advanced and developed and so they run fairly slick in the meanwhile.
“In consequence, we don’t want to take a position time in establishing how we work or who’s on the job. Annexa is aware of how REA works. Annexa is aware of what’s required. Annexa is aware of our inside controls, processes and know-how stack. To allow them to simply deal with delivering.”
Annexa Director Matthew Owens mentioned for his firm, working with a high-profile know-how chief has been professionally rewarding.
“Everybody’s very proud to be working with such a recognisable model that’s carried out so properly,” he mentioned.
“As a tech consulting agency, the crew takes plenty of delight in working with a frontrunner in know-how and innovation and truly having the ability to get in there and work alongside them to problem them on issues.
“Our enterprise has grown considerably over the length of the partnership and REA has grown even quicker. We’ve been challenged each week with new alternatives and it’s enabled us to maintain extending our technical capabilities.
“REA has very robust technical experience internally and I feel our crew profit from having the ability to see how REA goes about their work. We assist them and so they assist us be taught and evolve our enterprise.”
AI experimentation on the horizon
Annexa is a longtime NetSuite Answer Supplier Companion and Techniques Integrator with greater than 30 years in operation and a crew of greater than 65 in-house NetSuite specialists throughout Australia and New Zealand.
The corporate has accomplished over 200 NetSuite implementations and has obtained NetSuite accolades yearly since 2015. Annexa was Australia’s first NetSuite Commerce Companion and, in 2024, was awarded NetSuite ANZ Progress Companion of the Yr.
Annexa additionally grew to become the primary NetSuite accomplice in JPAC to earn the Experience in SuiteCloud Applied sciences badge below the NetSuite Companion Program, with that achievement constructing on the corporate’s 2024 recognition as the primary accomplice within the area to attain the Oracle NetSuite Answer Supplier – Experience in ERP Certification.
Because the world of enterprise strikes additional into AI experimentation and sensible implementation, each REA and Annexa are exploring AI functions inside NetSuite, specializing in processes particular to REA operations. Potential functions embody automated insights, pattern forecasting, and job automation that enables finance groups to assessment and approve relatively than full handbook work.
“It’s about drilling into REA’s particular enterprise processes after which utilizing AI for processes and duties that may floor essentially the most worth,” Owens mentioned.
REA Group, which started in a Melbourne storage in 1995, now operates Australia’s main residential property web site, realestate.com.au, which attracts greater than 12 million Australians every month. The corporate additionally operates the industrial property market realcommercial.com.au
REA Group owns a number of property know-how companies together with Mortgage Alternative, PropTrack, Marketing campaign Agent and Realtair, and holds strategic investments in property and fintech corporations throughout Australia, India, Canada and the US.
About Annexa
Annexa is a high-performing NetSuite resolution supplier and techniques integration accomplice supporting mid-market and enterprise organisations throughout Australia and New Zealand. The corporate brings deep expertise throughout finance, multi-entity operations, provide chain, eCommerce and superior integration, delivering related ERP options that enhance visibility, carry efficiency and create scalable foundations for development.
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