Hothead Games fuels business growth with NetSuite OneWorld

27th June 2017

Oracle NetSuite Global Business Unit, a provider of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, has announced that Canada-based Hothead Games, one of the top 100 mobile game developers in the world, implemented NetSuite OneWorld to manage its rapidly growing business. 

 

 

 

Hothead Games uses NetSuite OneWorld to manage mission-critical business processes including financial consolidation, accounting, purchasing, revenue recognition, multi-currency transactions and multi-country tax compliance. Since going live on NetSuite OneWorld in February 2016 after a rapid two-month implementation, Hothead Games believe they have achieve increased operational efficiency and gained the scalability needed to grow its business.

Based in Vancouver, British Columbia, Hothead Games is one of Canada's most successful digital entertainment companies, creating game titles that include Kill Shot, Rivals at War, and Big Win Hockey, which have attracted more than 250 million mobile downloads. In response to strong demand and new market opportunities, Hothead Games recently expanded its team by 50 percent, which made the company more complex to operate. To successfully manage this growth and reduce complexity, Hothead Games needed to replace its previous software system as it did not support enough simultaneous users to process month-end results in a timely manner and made it difficult for Hothead Games to understand its assets and liabilities in real-time, requiring a manual reporting process to reconcile different currencies. In addition, the previous accounting system was slow to generate forecasts and required manual processes to compare actuals against forecast.

“We were always looking for a way to bridge the gap between the analytics in US dollars and the financial results in Canadian dollars,” said Tim Holland, Hothead Games' Director of Finance.

 “Our business is always changing, so we are always refining forecasts, and NetSuite OneWorld ensures we are all on the same page when making key financial decisions,” Holland added.

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