Case Study: Flexport achieves global financial visibility and scalable multi‑currency efficiency with Oracle NetSuite OneWorld

Flexport Scales and Gains Agility as it Transforms Global Freight Forwarding

Flexport is a fast-growing freight-forwarding startup that aims to simplify global trade with a consumer-like, web-based platform. Rapid growth since its 2013 launch exposed limits in its finance stack—QuickBooks and Bill.com couldn’t provide consolidated visibility across new offices and territories or handle complex multi-currency transactions across subsidiaries.

Implementing NetSuite OneWorld gave Flexport centralized financial control across seven subsidiaries in three countries and seamless multi-currency processing (nine currencies), cutting reconciliation from two–three days to five minutes. Accounts payable saved 10 hours per week (a 40% efficiency gain), avoided hiring four more staff, and—through integrations with its bank and cargo platform—gained the scalability and real-time insights to support continued rapid expansion.

Flexport

Philip Hall

Director of Finance