Rio Industrial Group's International Growth With NetSuite OneWorld

Rio Industrial Group Builds a Foundation for Growth With NetSuite OneWorld

Rio Industrial Group (RIG) is a family-owned group of Australian companies specialising in packaging, manufacturing and bulk logistics services for customers worldwide in industries including automotive, mining and agriculture. RIG’s four businesses provide made-to-order products like paint and lubricant, along with services like contract manufacturing of chemicals and distribution of base oils to oil and gas companies.

Company

Rio Industrial Group

Location

Victoria, Australia

Industry

Manufacturing
Transportation And Logistics

EMPLOYEES

100 to 249

Revenue

> $200 million

NUMBER OF SUBSIDIARIES

NUMBER OF COUNTRIES

SYSTEMS REPLACED

MYOB
Custom MRP system

NETSUITE PRODUCTS IMPLEMENTED

NetSuite OneWorld
NetSuite Inventory Management
NetSuite Advanced Financials

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“NetSuite is inherently efficient and resilient—it’s best in class. We’ve now got a platform with great operational systems embedded. ” Robert Rio, Managing Director, Rio Industrial Group

International Expansion Requires a Global ERP System

First Australia, then Asia Pacific: RIG has served Australian customers since 1956 with services like custom packaging, warehousing, dangerous-goods handling and high-quality manufacturing. The business has expanded internationally over the past 20 years, now operating in Vietnam, Malaysia and Singapore.

New regions, new financial challenges: During expansion, RIG added six new subsidiaries and began supporting four new currencies. Its financial statements had to comply with local tax rules and other regulations in each country, as well as convert currencies back to AUD. RIG's existing MRP system, which was in place for nearly 30 years, couldn’t automate these processes, and month-end close took up to 10 days.

Saving time and money: RIG went live with NetSuite OneWorld about three years ago. Since then, the business has reaped an estimated $120,000 in savings annually due to more efficiency within the finance team. Notably, automated financial reporting saves an estimated 35 hours of work monthly, and month-end close now takes just two days.

Cross-border confidence: RIG plans to add NetSuite’s Advanced Manufacturing module as it strives to double in size over the next 10 years. Its mission is to take Australian manufacturing to new markets around the world and continue to build its intergenerational legacy.