Oceanus Group Ltd, Asia’s leading food security company, is using Oracle NetSuite to support its mission to create a more efficient and resilient global food marketplace. With NetSuite, Oceanus Group has been able to take advantage of an integrated business suite to streamline financial processes, improve reporting and insights, and increase operational efficiency, all while accelerating its broader technology-driven strategy.

Headquartered and listed in Singapore, Oceanus Group powers the global food markets by offering a seamless distribution network spanning 12 Asian markets across its 36 subsidiaries. To accelerate and support its expansion and digital transformation efforts, Oceanus Group needed to replace its legacy business systems with a cloud-based suite to automate processes, improve business visibility, and increase efficiency. After careful evaluation, Oceanus Group chose NetSuite as its new enterprise resource planning (ERP) system.

“As we continue to expand our business footprint to reshape global food security by facilitating food trade internationally, we needed a scalable system that could improve our global operations and boost our ability to enter new markets,” said Peter Koh, Executive Director and Group CEO of Oceanus Group. “With NetSuite, we have been able to standardize and integrate our financial processes across our subsidiaries. NetSuite also supports our multicurrency and multilingual needs, strengthening our business foundation as we continue to build an efficient global food marketplace.”

As part of its commitment to digitizing its global food trade operations, Oceanus Group was recognized as a top Digital Performer by the Infocomm Media Development Authority (IMDA) in the Digital Acceleration Index (DAI), having achieved a perfect score of 100 for its digitally-driven business strategy.

With NetSuite, Oceanus Group has been able to integrate workflows across financial  operations. For example, the financial planning capabilities in NetSuite have enabled Oceanus Group to aggregate financial data across its subsidiaries to improve the speed and accuracy of insights, accelerate reporting, and enhance decision-making.

“To ensure regional food security and reduce food waste in Asia, key players in the global food industry need to be able to do more with less and optimise systems and processes for efficiency,” said Amit Suxena, Head of Asia, Oracle NetSuite. “With NetSuite and its embedded AI capabilities, Oceanus Group can streamline its global financial processes, increase efficiency, enable better decision-making, and strengthen its position as the global connector of food markets.”