Deloitte and Netsuite to Deliver Financial Software Solution for Circuit of The Americas - Modern Distribution Management

Log In

Deloitte and Netsuite to Deliver Financial Software Solution for Circuit of The Americas

Circuit of The Americas is building a multi-purpose sports and entertainment facility in Austin, TX.

NetSuite Inc. (NYSE: N), San Mateo, CA, a provider of cloud-based financials / ERP software suites,  announced that Circuit of The Americas, the company building a  multi-purpose sports and entertainment facility in Austin, TX, has gone live on NetSuite OneWorld after a rapid, two-month implementation. Circuit of The Americas will host the inaugural FORMULA 1 UNITED STATES GRAND PRIX  Nov. 16 to 18 and is preparing to host a variety of motorsports and entertainment programs at its venue in 2013.

Circuit of The Americas selected the NetSuite OneWorld cloud solution because it offered the fastest deployment time, greatest depth of business functionality and best flexibility to scale with the company’s rapid growth. NetSuite’s multi-national, multi-currency ERP solution provides Circuit of The Americas the ability to work internationally with the same vendors serving other racing venues that host Formula 1 events, and is currently operating in two currencies, the U.S. dollar and the British pound sterling (GBP).

After deciding to upgrade from QuickBooks and assessing competing solutions such as SAP and Microsoft Dynamics GP (Great Plains), Circuit of The Americas  turned to NetSuite OneWorld for general ledger, financial reporting, accounts payable and receivable, intercompany eliminations and consolidated financials across five legal entities. The company is taking advantage of NetSuite OneWorld’s support for more than 190 currencies and country-specific taxation schedules for purchasing with international vendors.

The fast-track implementation was spearheaded by Deloitte Consulting LLP with NetSuite professional services serving in an advisory capacity. The two-month NetSuite implementation is roughly one-third the time required for a traditional on-premise ERP solution, without the need for an extensive IT staff for ongoing maintenance of the solution.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.