NetSuite Success Story In Australia

JLT Australia Logo

JLT Australia Consultancy Practice Boosts Productivity by 20% with NetSuite OpenAir

JLT Australia Logo

COMPANY

Jardine Lloyd Thompson Australia

LOCATION

Sydney, Australia

NDUSTRY

Insurance consulting

APPLICATIONS REPLACED

Microsoft Word, Excel, Access

“NetSuite OpenAir has given us a lot more transparency and a more structured way to do business with clients in terms of milestones and project and resource management while capturing the time and expense we incur.”

                 – Jardine Lloyd Thompson Australia

 

CUSTOMER SUCCESS

  • NetSuite OpenAir has delivered breakthrough transparency and efficiency for the consulting arm of Jardine Lloyd Thompson (JLT) Australia, subsidiary of the London-based global insurance, reinsurance and employee benefits firm.
  • JLT Australia has improved flat-fee project pricing and management across its insurance-related risk management, health and safety, business continuity and loss adjustment consulting services.
  • Overall productivity is up 20% with NetSuite OpenAir professional services automation (PSA) and CRM, including time and expense management, project and resource management, and project accounting.
  • Half-dozen separate Microsoft Access, Excel and Word systems for time and expense across 20 Australia offices replaced with the single, standardized OpenAir environment.
  • JLT Australia estimates annual $200,000 AUD cost avoidance in personnel previously managing time and expense in Microsoft Access databases.
  • Comprehensive project accounting with time/expense has improved visibility into optimal fee structures to ensure profitability across complex projects.
  • As an early adopter of PSA in Australia, JLT has equipped about 150 consultants and project managers with OpenAir capabilities in a structured framework covering hundreds of projects at any given time.
  • JLT Australia has improved service delivery effectiveness and client satisfaction with unified solution to manage tasks, timeframes, milestones and resources.
  • OpenAir iPad and iPhone apps have enabled mobile consultants to enter time and expense from the road, improving productivity.
  • Rich customizability has enabled JLT Australia to tune OpenAir to unique requirements in its loss adjusting line of business.
  • Workflow-driven invoicing from OpenAir to back-end financials has eliminated manual ad hoc processes and problems with data inconsistency.
  • Resource management capabilities enable JLT Australia to assign the best consultant to projects while also giving clients a roadmap that increases confidence and satisfaction.

CHALLENGES

  • Lack of visibility into key business information complicated fee decisions and forced company in guesswork decision-making.
  • Ad hoc processes and disparate systems resulted in costly manual work without a systematic way to manage complex services business.
  • Inefficiencies in time and expense reporting and management resulted in unproductive manual work for consultants and administrative personnel.

SOLUTION

  • Live in early 2011, OpenAir PSA solution and vendor offered the long-term collaborative business partnership and end-to-end functionality that JLT Australia wanted.
  • OpenAir’s recently opened office in Australia and top-notch presentations with custom configurations by OpenAir sales team were key factors in JLT Australia’s selection.


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Source: Oracle NetSuite

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