Kiva
Kiva Taps NetSuite to Remove Logjams and Match More Microloan Applicants With Lenders
Kiva hasn’t connected nearly 2 million entrepreneurs in the developing world with $785 million in microloans by moving slowly. Yet the nonprofit found itself held back by antiquated technology that caused delays and imprecision in its financing and reporting processes. Cumbersome manual processes and disparate data sets made auditing and IRS compliance complicated, and expense reports were often delayed a week or more.
COMPANY
Kiva
LOCATION
San Francisco, Calif.
INDUSTRY
Nonprofit, Microfinance Loans
REVENUE
$785M in Microloans
EMPLOYEES
50+
NUMBER OF USERS
9
NUMBER OF COUNTRIES
85
SYSTEMS REPLACED
QuickBooks, Excel
NUMBER OF COUNTRIES
“NetSuite allows our finance managers to engage more with our products and systems versus simply dealing with manual data entry, processing and reporting.”
New Technology Drives Success
NETSUITE DELIVERS SPEED AND AUTOMATION
Kiva’s NetSuite deployment has paid off in spades. Budget reports are generated in hours instead of days, expense reports are approved quicker, compliance and auditing processes have been automated, and accounting and reporting capabilities have improved.
THỜI GIAN TẬP TRUNG VÀO NHỮNG ĐIỀU CẦN THIẾT
Với khả năng mở rộng và quy trình được sắp xếp hợp lý, việc triển khai NetSuite của Kiva đã nhận được giải thưởng SUITEY cho Giải pháp công ty phi lợi nhuận tốt nhất tại SuiteWorld 2012. NetSuite đã cho phép Kiva xử lý tăng trưởng trong khi tập trung vào sứ mệnh cốt lõi của mình là kết nối người vay và người cho vay nhỏ.
DONATED TECHNOLOGY PAYS OFF
Kiva got more than technology from NetSuite. It got a trusted partner and benefactor. Through Oracle+NetSuite Social Impact, NetSuite donated a comprehensive cloud solution that has helped Kiva to streamline and optimize everything from expense and payables management to accounting, reporting and multi-currency calculations.
