Monstar Lab Expands With Design, Technology & Consulting

Monstar Lab Combines Design, Technology and Consulting for Global Expansion

Monstar Lab has created a thriving, international business combining consulting and technology to boost originality and raise creativity across diverse lines of business. This includes the planning and development of digital products such as, websites and smartphone applications, as well as localisation and marketing services. The company has offices in 26 locations across 15 countries, including the recent expansion of two new locations in the US in April 2019.

COMPANY

Monstar Lab, Inc.

LOCATION

Tokyo, Japan

INDUSTRY

Technology

EMPLOYEES

1200

CAPITAL

2,881,620,000 Yen (as of April 2019)

NUMBER OF COUNTRIES

NUMBER OF LOCATIONS

NETSUITE PRODUCT

NetSuite OneWorld

IMPLEMENTATION PARTNER

NetSuite Professional Services

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“We hope that NetSuite will be a service that will not only support our business, but will also lead to comprehensive improvement in the work environment as quickly as possible.” Fumiaki Goto, CFO, Monstar Lab, Inc.

Amplifying Human Creativity

Acquisitions and aggressive expansion fuel growth: An aggressive expansion plan fueled by acquisitions and a strong global sourcing operation contributed to rapid growth of the company. The company added a music streaming service, mobile games and RPA, as well as a co-working spaces business to its operations. Monstar Lab’s ability to administer different businesses and technologies helped it create offices in 26 different locations worldwide.

Growth strains and accounting: Monstar Lab's rapid growth also brought challenges with it. Balancing the books across multiple entities on different accounting systems became cumbersome, as did the multiple currencies, languages and tax regulations in the differing countries the business was spread across.

15 countries, one system: Seeking a unified view of all operations, Monstar Lab implemented NetSuite OneWorld in order to enable the handling of multiple subsidiaries, currencies, languages and taxation rules, including compliance with IFRS across consolidated worldwide data. Its cloud-based architecture made for a simplified roll-out across multiple countries.

CRM—project management on the horizon: As Monstar Lab continues its expansion, NetSuite will allow it to quickly launch new offices and subsidiaries. Meanwhile, the company is exploring the option of adding NetSuite’s project management and CRM capabilities.

Resources

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