NetSuite supports GoCardless in global expansion
UK fintech GoCardless has chosen Oracle NetSuite to optimise its financial reporting as it rapidly expands, reports Jane Connolly.
Having grown by 60% in the last year, the direct debit network wanted to automate its financial management as it grows across complex international markets.
With 40,000 global customers and $10 billion in transactions per year, GoCardless was looking for a single, scalable business platform with strong visibility and control.
“Since implementing NetSuite, we have gone from basic accounting to conducting in-depth financial analysis,” says Catherine Birkett, CFO at GoCardless. “We can now report financial close faster and more accurately, quickly and easily set up new subsidiaries and efficiently meet our stakeholders’ reporting requirement.”
She adds: “This is incredibly valuable as we continue to expand into new markets and the best part about NetSuite is we now have a solution that will scale with our growth path for years to come.”
GoCardless continues to attract high-profile clients – earlier this week it was announced that DocuSign had chosen the fintech to provide bank debit subscription payment options for its European customers.
