20 Jan 2022
10 min read
Professional Services

Medtronic LABS Unifies Global Operations with Oracle NetSuite Cloud ERP

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COMPANY

Medtronic Labs

INDUSTRY

Professional Services

APPLICATION REPLACED

QuickBooks & Spreadsheets
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Overview

Medtronic LABS is a pioneering health systems innovator developing community-based, technology-enabled healthcare solutions for underserved patients, families, and communities across the world. Operating in the U.S., India, Kenya, Ghana, and several other African countries, Medtronic LABS focuses on building scalable, sustainable models to deliver quality healthcare access globally.

As operations expanded, managing multi-subsidiary finance, procurement, and reporting became increasingly complex. The organization relied heavily on manual processes and disparate tools, making financial consolidation and visibility difficult. Without an integrated system, tracking accounts receivable, accounts payable, and vendor payments across multiple regions was time-consuming and error-prone. The absence of real-time financial and operational insights further limited strategic

decision-making. To sustain global growth and efficiency, Medtronic LABS needed a unified ERP solution capable of connecting data, people, and processes across its ecosystem.

Challenges

Medtronic LABS faced several operational bottlenecks that hindered scalability and transparency:

  • Manual tracking and reporting through spreadsheets and emails led to inefficiencies and inaccuracies.
  • Lack of integrated financial systems across subsidiaries resulted in delayed consolidations.
  • Limited visibility into cash flow, expenses, and intercompany transactions restricted proactive decision-making.
  • Absence of automated tax localization for different countries created compliance challenges.
  • Scaling operations across geographies was difficult without a single source of truth.

With its footprint rapidly expanding, the organization recognized the need for a cloud-based ERP that could unify financial management, improve compliance, and deliver real-time insights across global entities.

The SaasWorx Solution

To enable global scalability and operational efficiency, Medtronic LABS partnered with SaasWorx to implement Oracle NetSuite Cloud ERP. In a 12-week engagement, SaasWorx designed and deployed a tailored solution that automated key financial and procurement workflows while ensuring multi-country integration and compliance.

Key aspects of the implementation included:

  • Configuration of multi-country, multi-subsidiary management, enabling centralized control with local flexibility.
  • Automation of order-to-cash and procure-to-pay processes, ensuring faster turnaround and fewer manual interventions.
  • Deployment of SuiteTax for seamless tax localization across multiple geographies.
  • Creation of real-time dashboards and reports to monitor key financial and operational metrics.
  • Implementation of automated financial consolidation at the headquarters level for accurate and timely reporting.

The new system unified all critical processes—financial management, procurement, and order-to-cash—within a single cloud platform, providing consistent, up-to-date data across regions.

Results & Impact

With NetSuite now operational, Medtronic LABS has transformed its global finance and operations landscape:

  • Unified financial system integrating all subsidiaries for real-time consolidation.
  • Faster order processing and improved vendor management through automated workflows.
  • Significant time savings by eliminating manual reconciliations and report compilation.
  • Accurate, real-time visibility into financial performance and operational health.
  • Enhanced decision-making agility, powered by dashboards and centralized reporting.

Teams across continents now access the same, reliable data—driving better collaboration, compliance, and control.

Future-Ready Operations

By migrating to a cloud-based ERP, Medtronic LABS has strengthened its foundation for scalability and innovation. The organization now operates with greater transparency, efficiency, and agility, ready to expand into new regions and integrate future technologies seamlessly.

With SaasWorx’s expertise and Oracle NetSuite’s unified architecture, Medtronic LABS has built a resilient digital backbone that supports its mission: to transform global health systems and improve lives through connected, technology-driven care.

We can manage the accounting of any entity in any currency and have the final reporting converted into US currency. That eliminates a lot of manual interventions to convert all the currencies.

— Sahil Gupta, Finance Lead, Medtronic Labs

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