Category Archives: NetSuite

SuiteWorld 2017 Retail Keynote: Evolving to Next with Omnichannel

websitelogo SuiteWorld 2017 Retail Keynote: Evolving to Next with Omnichannel

Posted by Barney Beal, Content Director

In the SuiteWorld 2017 Retail keynote, Andy Lloyd, NetSuite’s Vice President of Products, discusses current trends in retail, what’s on the horizon and how NetSuite is helping some of the most innovative retailers in the industry achieve their goals including the new SuiteSuccess for retail industry solution.

He is joined on stage by Brandon Jenkins, NetSuite Regional Vice President of Retail; Nick Thomas, Managing Director of /BUILT, a new company changing the building supply market in the UK; Kyle Pretsch, director of integrations and Omnichannel for Lucky Brand, a retail apparel company; Chris McNabb, CEO of Dell Boomi, a cloud integration company; Matt Rhodus, NetSuite Director and Industry Principal for Retail; and Kelly Milazzo, Vice president of Operations for Toad & Co. and Fidan Kasra, Senior Product Manager for Bonobos, two retail apparel companies.


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Artificial Intelligence, Personalization and Marrying Online and In-Store Experiences on Tap at IRCE

Posted by Maggie Miller, Senior Commerce Content Manager

Internet Retailer Conference & Exhibition, better known as IRCE kicks off June 6 in Chicago. The annual event brings together thousands of industry experts and solution providers to learn and network on all things ecommerce. Before we head to the Windy City, I asked our thought-leaders from our team what they think will be the most compelling trends at this year’s conference.

B2B Ecommerce and Artificial Intelligence (AI)

At this year’s IRCE, we expect to see a stronger presence and focus on B2B ecommerce and AI. Businesses are exploring how they can use digital channels to streamline and automate B2B interactions by better connecting both the supply and buy side of commerce, locally and globally.

AI has also has gained significant traction beyond commoditized recommendation engines. The underlying technology has evolved exponentially and we expect to see significant advancements in AI applications for customer experience, search, marketing, order management and logistics.

Sanjay%20Mehta Artificial Intelligence, Personalization and Marrying Online and In Store Experiences on Tap at IRCE

Sanjay Mehta
Principal Solution Specialist, Ecommerce
Oracle + NetSuite

Retail Fashion Forward

The retail store has found itself in a do or die situation, having to find a way to marry the digital and physical store experiences in order to survive. I believe the best digital strategies focus on three main value drivers – Fulfillment, Inspiration and Friction Free. Today’s retailers need to reimagine their stores for the digital consumer. That means focusing on inspiration and convenience as key values that drive traffic to the stores, while also striking a balance between transactions and fulfillment. The new track – Fashion: Try it on! – will showcase some great sessions to explore new ways to heighten personalization and how to take advantage of new opportunities to create unique connections with customers.

matt%20rhodus Artificial Intelligence, Personalization and Marrying Online and In Store Experiences on Tap at IRCE

Matthew Rhodus
Director, Industry Principle Retail Vertical
Oracle + NetSuite

Customer Personalization 

We’re going to hear a lot about customer personalization and, likely, the role of AI in adopting it at this year’s conference. During my own talk during the show, I’ll be honing in on how to personalize consumer lifecycle emails, such as cart abandonment and welcome series campaigns. Sending static, non-customized messages in these campaigns is no longer good enough. Personalizing every step of the customer journey, especially within email, is not only critical in delivering a relevant and engaging brand experience, but very doable with today’s technologies.

Greg%20Zakowicz Artificial Intelligence, Personalization and Marrying Online and In Store Experiences on Tap at IRCE

Greg Zakowicz
Senior Commerce Marketing Analyst
Oracle + Bronto

In today’s world of digital commerce, IRCE is one of the best conferences to help you advance your knowledge. If you’re interested in learning more about taking your commerce platform to the cloud, stop by booth 701 to learn how you can deliver seamless brand experiences with a unified, cloud commerce platform. You can even schedule a personalized demo for an in-depth look at how the NetSuite solution can transform your business.

Posted on Wed, May 24, 2017
by NetSuite filed under

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Evan Goldberg’s SuiteWorld 2017 Keynote: Ready, Set, Next

websitelogo Evan Goldberg’s SuiteWorld 2017 Keynote: Ready, Set, Next

Posted by Barney Beal, Content Director

In his keynote for SuiteWorld 2017, Oracle NetSuite Global Business Unit Executive Vice President for Development Evan Goldberg details all the new features in NetSuite, including global expansion, industry solutions, omnichannel commerce, global supply chain automation, advanced bill of materials, time sheets in SRP, project profitability reporting, NetSuite for Agencies, NetSuite’s commitment to nonprofits, performance improvements, SuiteCloud platform enhancements, and new integrations between NetSuite and Oracle Planning and Budgeting.

Goldberg is joined onstage by Craig Sullivan, NetSuite Group Vice President Product Management; Allison Manetakis, NetSuite Senior Director of Product Management; and Joseph Fung, NetSuite vice President of Development – HCM who gives a detailed demo of SuitePeople.

Goldberg also reenacts his return to Oracle orientation.


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Jim McGeever, Mark Hurd Promise More, More, More in SuiteWorld 2017 Keynote: Next Starts Now

websitelogo Jim McGeever, Mark Hurd Promise More, More, More in SuiteWorld 2017 Keynote: Next Starts Now

Posted by Barney Beal, Content Director

In the opening keynote from SuiteWorld 2017, NetSuite Global Business Unit Executive Vice President Jim McGeever shares what’s next for NetSuite and the industry.

McGeever announces SuiteSuccess, a new industry cloud solution, and SuitePeople, core HR functionality built onto the NetSuite platform.

McGeever is also joined onstage by Oracle CEO Mark Hurd who explains Oracle’s planned investments in NetSuite; Bill Tingle, CIO of PODS the first on-demand storage business; Andy Lloyd, NetSuite Vice President of Commerce Products; Lyn Lewis, CEO of Journelle, a lingerie company; and Aaron Liebert, CEO of Rallyhouse, a hyperlocal sport apparel company; Jason Maynard, NetSuite Senior Vice President Strategy and Marketing; Mark Mader, CEO of Smartsheet, a collaboration software company; and Jamie Siminoff, CEO of Ring, a security and video doorbell company.


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UK medical device manufacturer transforms business performance and profitability with NetSuite cloud ERP

og image UK medical device manufacturer transforms business performance and profitability with NetSuite cloud ERP

NetSuite Enables P3 Medical to Boost Margins, Efficiency and Customer Satisfaction

LONDON—19 May 2017—Oracle NetSuite Global Business Unit, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA)</a> and omnichannel commerce software suites, today announced that P3 Medical Ltd., a manufacturer and distributor of medical devices, has transformed business performance and increased profitability as a result of replacing multiple legacy applications and spreadsheets with NetSuite in 2010. P3 Medical, doing business in more than 50 countries, is now saving £100,000 a year in improved manufacturing efficiency and another £25,000 a year in administration costs with NetSuite, while avoiding a £75,000 capital investment for an equivalent in-house infrastructure. Headquartered in Bristol, UK, with a second facility in Preston, P3 Medical makes extensive use of NetSuite capabilities for manufacturers to streamline production and inventory management, while enhancing margins and pricing with detailed real-time visibility into all costs to produce a given product with NetSuite’s robust standard costing feature.

Across the business, the 80-person company has further optimised efficiency by using NetSuite as a single, integrated system for financials, order management, regulatory compliance, CRM and ecommerce, offering its hospital, clinic, distributor and subcontractor customers a convenient online channel to order many of its 4,000 products. P3 Medical also takes advantage of NetSuite’s multi-currency capabilities for product sales in the U.S. dollar, Danish krone, Swiss franc, Euro and British pound, while gaining a competitive advantage against larger competitors and sharpening its differentiating focus on low-volume, niche products used in the operating room and specialised surgical procedures, rather than high-volume commodity medical supplies. NetSuite’s customisation capabilities have enabled P3 Medical to tune the solution to its unique needs, driving additional efficiencies across the business.

“It’s hard to imagine how we could have achieved as much as we have without NetSuite, using another platform,” said Simon Talbot, Managing Director at P3 Medical. “We have meaningful data in a single source with NetSuite, rather than guesswork. We now work more efficiently while making more money.”

Before NetSuite, P3 Medical, founded in 2001, struggled with a collection of unintegrated on-site legacy applications, many of them introduced as a result of several acquisitions. The company suffered IT and business bottlenecks and poor visibility across the business, driving up administrative and operational costs with error-prone manual data entry and resulting in inventory stock-outs and production delays. Inflexibility in its previous environment made it difficult for P3 Medical to adapt to changing business conditions and efficiently manage its inherently complex business model, while remote access to core systems was problematic with VPN connections. Seeking an alternative, the company turned to NetSuite.

“There’s a lot of complexity built into our business, and one of the great things about NetSuite is how it simplifies our processes and delivers a single source of data under one roof—that’s incredibly valuable,” Talbot said. “NetSuite’s flexibility has allowed us to model something that works for our business, rather than waiting for the perfect solution to come along.”

Other benefits that P3 Medical is realising with NetSuite include:

Greater profitability with deep costing visibility. Standard costing capabilities in NetSuite enable P3 Medical to track and optimise the full cost and profitability of every item, accounting for raw materials, labour, shipments and more. In turn, the company can more precisely price its goods, boosting profitability.

“Revenue per hour has increased significantly so we have better quality margins,” Talbot said. “Our pricing of jobs and products is now calibrated much more closely with true cost. That’s something we’d been chasing for 10 years.”

Streamlined manufacturing. P3 Medical takes advantage of demand planning and MRP (materials requirements planning) in the NetSuite Work Orders and Assemblies module to streamline production, scheduling and personnel, while NetSuite Advanced Inventory helps optimise stock levels of both raw materials and finished goods.

Stronger regulatory compliance. NetSuite’s single source of data has dramatically improved P3 Medical’s regulatory compliance programme with end-to-end documentation and visibility, while traceability helps ensure that a product’s whereabouts are known even after sale to an end-customer by a third-party distributor—critical in the event of a recall.

Faster financial reporting and close. Reporting on mission-critical data is more than 20 percent faster with NetSuite, while the time needed for monthly financial close has been reduced to just two days, from two to three weeks with its previous systems.

Improved customer satisfaction. P3 Medical has seen significant improvement in customer satisfaction through its convenient self-service customer portal for online ordering powered by the NetSuite SuiteCommerce cloud commerce platform.

Better customer and account management with CRM. Visibility into customers and accounts with NetSuite CRM helps ensure that sales reps anticipate and meet customer needs, while P3 Medical can better manage its accounts to optimise sales.

Flexibility and scale for efficiency and growth. P3 Medical leverages NetSuite customisation capabilities to tailor the cloud solution to specific business processes, while gaining end-to-end flexibility and scale to accelerate growth into new markets.

About Oracle NetSuite Global Business Unit
Oracle NetSuite Global Business Unit pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, Oracle NetSuite Global Business Unit provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit http://www.netsuite.com.

Follow Oracle NetSuite Global Business Unit’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle
The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries and territories while processing 55 billion transactions a day. For more information about Oracle (NYSE:ORCL), please visit us at oracle.com.

Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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With NetSuite OneWorld, Bankrate Gains Strong Controls, Empowers Finance

Posted by Chris Hering, Director of Advertising Media and Publishing at Oracle NetSuite

bankrate With NetSuite OneWorld, Bankrate Gains Strong Controls, Empowers FinanceWhen Eric Luehmann joined Bankrate in 2015 to transform its financial processes, he came with a mindset that the systems had to work for the people, not the other way around.

“We have a lot of veterans in the financial media space with a lot of expertise, but without a proper system in place to achieve their full potential, what good is it?,” said Luehmann, senior director of financial systems for Bankrate’s portfolio of consumer financial sites.

New York, N.Y.-based Bankrate itself is a veteran of the financial media industry, evolving its more than 40-year-old business over the last two decades to meet the demands of the digital age. Bankrate.com, the evolution of its flagship financial rate information newsletter, is now the leading online aggregator of financial rate information for consumers researching mortgages, refinancing options and more. It continues to add new sites – including CreditCards.com and Caring.com – to build out its brand as the definitive destination for financial information across consumers’ financial journeys.

But reaching its potential was hindered by the need to restate several years of earnings in 2015.

Luehmann was part of a team hired to institute robust controls, rationalize four different ERP systems running financial processes across headquarters and three subsidiaries and automate Excel/SAP-based financial consolidation processes. The new finance team had several options on which to base Bankrate’s financial transformation – including Workday Financials. But they chose NetSuite OneWorld for its strong GRC functionality, coupled with its ease of use, agility and scalability.

“We need a system that can be super agile and mold to our company, and that can handle all of the compliance issues and all of the controls we need to institute,” Luehmann said. “NetSuite’s really that sweet spot.”

Quick implementation realigns business at crucial crossroads

At a time when moving the business forward was especially crucial, implementation of an ERP system didn’t slow Bankrate down – as it went live with NetSuite OneWorld in February 2016 on time and on budget in just two months. It will also replace SAP BPC software used at headquarters for consolidation and reporting with NetSuite within the coming year. NetSuite OneWorld runs accounting, fixed asset management, revenue recognition, multi-currency and multi-subsidiary management across its portfolio of sites, including subsidiaries in two countries and business in two currencies (US Dollars and British Pounds).

Eliminating spreadsheet-based revenue recognition has given Bankrate a better understanding of its own financial health. It’s easy to drill-down into invoices and transactions to gain data-driven insight. And with robust financial consolidation functionality, monthly close times have been significantly reduced.

NetSuite lends the business robust financial controls, accuracy and streamlines reporting processes, while at the same time masking complexity so that employees can focus on delivering a high quality financial product.

Future-proof platform

As it seeks to better inform strategic acquisitions and new product development, gaining a single view of the truth across all operations will be paramount. Bankrate’s operational processes currently run on a mix of best-of-breed and proprietary software, making it difficult to gain an end-to-end view of business.

“Phase 1 is to get the foundation built with NetSuite. In phase 2, we’ll start looking at and rehashing all of our point solutions, and deciding whether to keep them or rationalize on NetSuite,” Luehmann said.

NetSuite OneWorld is the future-proof financial platform that allows Bankrate to grow its business and leverage the knowledge of its most crucial resource – its people.

“If you don’t give the people a system to flourish, you’re not going to get to the next level,” Luehmann says. “With NetSuite, we have a system that complements how people work to bring out the knowledge that we’ve hired people for.”

To learn more about how Bankrate is leveraging NetSuite OneWorld to innovate its finance organization, watch this video and check out this case study.

Posted on Thu, May 18, 2017
by NetSuite filed under

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Retailers Gymshark, This Works and Cox & Cox fuel growth with NetSuite and Patchworks

og image Retailers Gymshark, This Works and Cox & Cox fuel growth with NetSuite and Patchworks

Retailers Gymshark, This Works and Cox & Cox fuel growth with NetSuite and Patchworks

UK lifestyle retail brands take their business to the cloud to deliver more personalised customer experiences across multiple channels and markets

LONDON—8 May 2017—Oracle NetSuite Global Business Unit, the world’s leading provider of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, today announced that three of the UK’s fast-growing online retailers have invested in NetSuite cloud, leveraging the support from SuiteCloud Developer Network (SDN) partner Patchworks, to help them grow and expand into new markets. Although British retail sales fell at their fastest rate since 2010 in the first quarter of 2017, according to retail figures from the Office for National Statistics, Gymshark, This Works, and Cox & Cox are bucking the trend and planning for further growth.

Most retailers confront a hairball of different systems for ecommerce, inventory management, order management and third-party software systems. This siloed approach results in lost sales, inventory stock outs and ultimately poor customer experiences. By using the Patchworks Ecommerce Integration SuiteApp, Gymshark, This Works and Cox & Cox can easily connect existing ecommerce or other specialised business systems with NetSuite to help ensure consistency of data flows, business processes and customer experiences.

Gymshark’s online fitness apparel company has been booming since launching five years ago, recently earning the top spot in the Times Fast Track 100, and is now expanding into new territories. The company has selected NetSuite and is leveraging the Patchworks Ecommerce Integration SuiteApp to gain greater visibility into its online customer data, which will allow it to provide more personalised offerings and services to shoppers across multiple channels and markets.

Chris Perrins, Finance Director at Gymshark, said: “Our customers are at the heart of everything we do, and NetSuite’s cloud platform will help us to continue to improve our relationships with shoppers and build our global brand.”

Established by former Beauty Director of Vogue UK Kathy Phillips, This Works is now taking its premium skincare line to the U.S. Its previous IT systems were too slow and inflexible to accommodate growth. With NetSuite, the company has reduced the time it takes to update stock and order data from two days to 15 minutes with automated warehousing processes.

Vicky Hayford, Chief Financial Officer at This Works, said: “Shoppers rightfully want up-to-date information on products and stock, especially during busy sales periods. NetSuite and the integration from Patchworks will allow us to maintain a high standard of service for our growing customer base in the UK and abroad.”

Cox & Cox has become one of the UK’s favourite homeware brands. Previously working with siloed systems that could not support its ambitious growth plans, the company chose NetSuite to speed up its business processes so it could continue to grow and deliver excellent customer experiences.

Aynsley Peet, Ecommerce Manager at Cox & Cox, said: “Customisation has always been the key to our success. We offer a unique shopping experience and set of products, but our website needed an upgrade and that required us to work in a more modern way across the business. With NetSuite at the core of our business, and the Patchworks SuiteApp linking our 3PL and ecommerce systems, we can make the Cox & Cox shopping experience better than ever for our customers.”

Mark Woodhams, Managing Director EMEA at NetSuite, said: “The British retail industry is facing tough times and a great deal of uncertainty, but looking at Gymshark, This Works and Cox & Cox you would never know it. Their growth has defied the odds in three very competitive sectors. By moving to the cloud with NetSuite and Patchworks, these growing brands can now replicate their success as they take their business to the next level.”

About SuiteCloud
NetSuite’s SuiteCloud is a comprehensive offering of cloud-based products, development tools and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. Based on NetSuite, SuiteCloud enables customers to run their core business operations in the cloud, and software developers to target new markets quickly with newly-created mission-critical applications built on top of mature and proven business processes.

The SuiteCloud Developer Network (SDN) is a comprehensive developer program for independent software vendors (ISVs) who build apps for SuiteCloud. All available SuiteApps are listed on SuiteApp.com, a single-source online marketplace where NetSuite customers can find applications to meet specific business process or industry-specific needs. For more information on SuiteCloud and the SDN program, please visit www.netsuite.com/developers.

About Patchworks
Patchworks connects multi-channel ecommerce systems to deliver seamless data-flow and optimise user experiences for online retail brands worldwide. Established in 2013, Patchworks is Europe’s leading cloud integrator and only Built for NetSuite accredited partner in the UK. To learn more and get in touch, visit: www.patchworks.co.uk

About Oracle NetSuite Global Business Unit
Oracle NetSuite Global Business Unit pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, Oracle NetSuite Global Business Unit provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit http://www.netsuite.com.

Follow Oracle NetSuite Global Business Unit’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries while processing 55 billion transactions a day. For more information about Oracle (NYSE:ORCL), please visit us at http://cloud.oracle.com.

Trademarks

Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Flexport, Omnitrax Get Their Business Rolling in Evolving Transportation Industry

websitelogo Flexport, Omnitrax Get Their Business Rolling in Evolving Transportation Industry

Posted by Emily Houghton, Industry Marketing Lead

The transportation and logistics industry is in a rapid state of flux. Whether they operate by sea, air, rail or road, shipping carriers are challenged to get goods from A to B with greater speed, transparency, customer service and cost-efficiency.

The global dynamics disrupting the industry are many. B2B shipping customers expect a more consumer-like digital experience from an industry known for complexity and tons of paperwork. An increasingly digitized omnichannel supply chain ups the ante for data-driven insights that trim costs and accelerate delivery.

And automation — from sensor-based Internet of Things (IoT) data to the potential for driverless trucks — is challenging carriers to embrace innovation. Yet many shippers are not well positioned to excel in the fast-changing industry, according to the global consultancy PwC.

“Established commercial freight and logistics companies are generally not suited to satisfying their customers’ full range of new preferences,” PwC said. “Their network configurations, physical assets, skills and service offerings are the product of an earlier set of market conditions and customer expectations.”

A key culprit is on-premise business management software that’s outdated, inflexible or limited in functionality. As a result, carriers struggle with fragmented data and poor visibility into financial and operational performance. And, they face heightened competition from rivals that upgrade to modern cloud solutions for ERP, CRM and other functions.

Flexport and OmniTRAX are among the transportation companies that have recently turned to NetSuite to help power insights, agility and growth. Each of these companies is streamlining its business with a scalable platform geared for data-driven visibility, customer-centric operations and mobility.

Based in San Francisco, Flexport bills itself as the “freight forwarder for the Internet age.” The four-year-old company has grown rapidly with its unique web platform that provides consumer-like ease of use for clients shipping cargo around the world. That growth soon outstripped the capabilities of entry-level QuickBooks and Bill.com systems that Flexport used.

With NetSuite OneWorld, Flexport has new capabilities to manage six subsidiaries, including offices in the Netherlands, Hong Kong and Shenzhen, China, while transacting in nine currencies. Accounts payable is saving 10 hours with NetSuite, while data reconciliation time has been cut from up to three days to five minutes. The dramatic time savings enabled Flexport to avoid hiring four full-time employees otherwise needed.

“With the increased complexity of new offices and territories, NetSuite gives us scalability for growth and real-time insights across our global subsidiaries,” said Philip Hall, Flexport Director of Finance. “NetSuite is built to scale, and can scale right along with our growth without ever hitting a breaking point. NetSuite positions us for any sort of future growth or transaction we might pursue, be it an IPO or acquisition.”

Acquisitions and diversification are big parts of the growth strategy for OmniTRAX. The Denver-based company, one of North America’s largest private railroad and transportation management companies with a network of 21 regional and short line railroads in the U.S. and Canada, moved to NetSuite OneWorld from an outdated SAP ERP system in place for 10 years.

“We’ve already acquired several companies in the past two months that we were able to stand up in NetSuite in minutes,” said Tim Harrington, OmniTRAX CIO and VP of IT. “That would have taken months with SAP.”

With NetSuite, OmniTRAX is avoiding the cost, complexity and manual work it experienced with its previous SAP application. It’s managing six subsidiaries and building on its NetSuite core platform with complementary cloud solutions including UltiPro for HR, Celigo for integration, AvidXchange (Piracle) for certain payments and more.

OmniTRAX also replaced an on-premise Microsoft Dynamics CRM application with NetSuite CRM, gaining a natively integrated system for ERP and customer management. With NetSuite as its single unified suite, OmniTRAX can gain greater transparency and control for customers through a NetSuite B2B Customer Portal that is currently being developed.

“There’s going to be a lot of additional value that we realize by having a centralized source of truth with NetSuite, particularly around the customer community,” Harrington said. 

Posted on Mon, May 15, 2017
by NetSuite filed under

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Rand Group joins the NetSuite Solution Provider Program

og image Rand Group joins the NetSuite Solution Provider Program

IT Services Provider to Build Cloud Practice to Meet Growing Demand for Cloud ERP

SAN MATEO, Calif.—May 9, 2017—Oracle NetSuite Global Business Unit, the world’s leading provider of cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites, today announced that Rand Group, a prominent business technology firm based in Houston, Texas, has joined the NetSuite Solution Provider Program to meet the growing demand for cloud ERP among midmarket companies. Founded in 2003, Rand Group is building a cloud ERP practice, broadening its technology portfolio beyond its traditional focus on on-premise technologies to offer clients a choice of front- and back-office technology beyond on-premise solutions with NetSuite’s leading cloud ERP, in addition to customer relationship management (CRM) and ecommerce.

“Our partnership with NetSuite diversifies our product line and greatly expands our cloud solutions and services,” said Ron Rand, President and CEO of Rand Group. “NetSuite is an innovator in cloud business applications and will provide our clients with more choice to meet their needs in the platform that is best for them.”

Joining the NetSuite Solution Provider Program equips Rand Group (www.randgroup.com) to meet fast-growing demand for flexible, cost-effective cloud applications among clients in the energy, oil and gas, financial services, manufacturing, construction, distribution and other industries. As one of the largest systems integrators in the south-central U.S., with a second office in Vancouver, Canada, Rand Group will focus on implementations of NetSuite ERP, CRM and ecommerce, and align NetSuite with its growing digital marketing solutions practice to support customer-centric omnichannel commerce and new models of customer engagement.

“There’s a tremendous amount of interest in cloud applications—it’s top of mind in all client conversations,” Rand said. “NetSuite is the clear leader in the cloud ERP midmarket space and ultimately gives us the best traction in the market.”

“Rand Group has a long and proven track record of helping hundreds of organizations use technology to address business needs and power growth,” said Craig West, Oracle NetSuite GBU Vice President of Channel Sales. “Our partnership with Rand Group is a natural fit that enables customers to reach the next level of business agility and innovation with industry-leading cloud ERP.”

Launched in 2002, the NetSuite Solution Provider Program is the industry’s leading cloud channel partner program. Since its inception, NetSuite has been a leader in partner success, breaking new ground in building and executing on the leading model to make the channel successful with NetSuite. A top choice for partners who are building new cloud ERP practices or for those expanding their existing practice to meet the demand for cloud ERP, NetSuite has enabled partners to transform their business model to fully capitalize on the revenue growth opportunity of the cloud. The NetSuite Solution Provider Program delivers unprecedented benefits that include highly attractive margins and range from business planning, sales, marketing and professional services enablement, to training and education. For more information about the NetSuite Solution Provider Program, please visit www.netsuite.com/portal/partners/solution-program.shtml.

About Rand Group
Rand Group (www.randgroup.com) is a professional services firm that helps clients use technology for business success. Through a single point of contact, Rand Group’s experienced, certified consultants build, manage, and support business solutions from back office to front office and all disciplines in between. Fast growing, highly accredited and motivated by the success of its clients, Rand Group offers the right combination of ingenuity, dedication and professionalism to help drive real business results. Headquartered in Texas, with two offices in Houston, and another in Vancouver, Rand Group has repeatedly appeared in Accounting Today’s Top 100 VAR listing, and holds six Microsoft Business Competencies.

About Oracle NetSuite Global Business Unit
Oracle NetSuite Global Business Unit pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, Oracle NetSuite Global Business Unit provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit http://www.netsuite.com.

Follow Oracle NetSuite Global Business Unit’s Cloud blog, Facebook page and @NetSuite Twitter handle for real-time updates.

About Oracle

The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries while processing 55 billion transactions a day. For more information about Oracle (NYSE:ORCL), please visit us at http://cloud.oracle.com.

Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

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Dowi Hosiery Mills implements NetSuite to modernize and streamline key business processes

og image Dowi Hosiery Mills implements NetSuite to modernize and streamline key business processes

Specialty Textile Manufacturer Increases Inventory Turnover, Expands Product Lines with NetSuite Cloud ERP

SAN MATEO, Calif., and MAKATI CITY, Philippines—May 11, 2017—Oracle NetSuite Global Business Unit, one of the world’s leading providers of cloud-based financials / ERP, HR, Professional Services Automation (PSA)</a> and omnichannel commerce software suites, today announced that Dowi Hosiery Mills, a household name and a leading manufacturer of socks and other hosiery products in the Philippines, has implemented NetSuite in September, 2014 after replacing a multitude of legacy, homegrown, custom software systems, manual processes and multiple databases to modernize and streamline key business processes. Dowi Hosiery Mills now uses NetSuite for financials, order management, invoicing, billing, purchasing, receiving, shipping, RMA management, multi-location inventory, reporting and analytics.

With NetSuite cloud ERP, Dowi is able to improve operational efficiency and productivity as well as gain the scalability needed to grow its business. As a result, Dowi Hosiery notes that it saved eight full-time employees that it otherwise would have needed to add just to keep up with the order processing and inventory tracking demands under the old systems and accelerated the path to market for new lines of socks with high-tech fibers. The company also observed that it is able to deliver much better service to its retail partners.

Since 1979, Dowi Hosiery Mills has provided durable, comfortable socks and hosiery to the Philippine market, selling brands such as Darlington and Exped through nearly 100 retailers. Dowi’s retail partners include some of the nation’s most prominent names including SM, Robinsons and Landmark. Each retailer has its own requirements for order integration and data transparency, and their needs are growing more sophisticated every day. Dowi had operated its business for years on homegrown, custom software and databases, but the system had severe limitations. The company felt these software limitations harmed the company’s ability to strengthen its retail relationships, and made it difficult to accurately match manufacturing output with demand.

“Our old software needed too many clicks and actions to complete basic transactions, which led to numerous delays,” said Marvin Tan, VP for Operations at Dowi Hosiery Mills.

Dowi considered several on-premise solutions, but chose NetSuite for a native cloud ERP solution that meets the needs of a modern, growing business.

NetSuite delivers the following key features and benefits to power Dowi Hosiery Mills’ success:

  • Efficient order management. Dowi Hosiery Mills is able to streamline order management processes by centralizing orders and efficiently processing them, reducing shipping delays and improving order accuracy.
  • Multi-location inventory management. Dowi Hosiery Mills is now able to run its operations with full transparency across all warehouses and stores, helping it to track real-time supply and demand. This transparency helps the company anticipate and prepare for re-orders. It also helps Dowi monitor inventory at distributor and retail locations, which is considered to be on consignment until the product is sold to the retail consumer. Inventory transfers appear processed much more quickly, and Dowi’s entire logistics chain is functioning more smoothly.
  • Native cloud solution. There is no longer a need to endure version lock, painful upgrades and maintaining on-premise systems. Instead, Dowi can now get automatic product upgrades twice a year and a platform that allows for easy customizations and integrations.
  • Rapid implementation. Dowi Hosiery Mills was able to go live on NetSuite within a few months, speeding time to value.
  • Data-driven decisions. With a unified platform, Dowi Hosiery Mills has real-time access to a single source of data across its entire enterprise to quickly make more informed decisions.
  • Customization capabilities. Customization and integration capabilities within the NetSuite SuiteCloud development platform have helped Dowi Hosiery Mills tailor the system and integrate with other systems easily to meet its unique business needs and requirements. For example, by integrating the barcode printer, which labels Dowi’s finished products for sale at each retailer with NetSuite’s order management system, the company has seen reduced shipping delays and improved order accuracy.
  • Efficient user interface. NetSuite’s intuitive, easy-to-use design makes users much more productive, both in day-to-day use as well as when processing complex transactions.
  • A scalable platform. NetSuite’s scalable infrastructure enables the business to be flexible as it expands to support growth without significant expenses.
  • Real-time business visibility and business intelligence. With NetSuite, Dowi Hosiery Mills can gain real-time insights into key business performance indicators for a unified view across the head office and its subsidiaries and can gain a single version of truth.

“With NetSuite, we understand all of our inventory with the click of a button, and we never have to worry about servers or software,” Tan said. “Everything we need to run our business is easy to see and operate, and we can access our solution from anywhere.”

About Oracle NetSuite Global Business Unit
Oracle NetSuite Global Business Unit pioneered the Cloud Computing revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet. Today, Oracle NetSuite Global Business Unit provides a suite of cloud-based financials / Enterprise Resource Planning (ERP), HR and omnichannel commerce software that runs the business of companies in more than 100 countries. For more information, please visit http://www.netsuite.com.

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About Oracle
The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries while processing 55 billion transactions a day. For more information about Oracle (NYSE:ORCL), please visit us at http://cloud.oracle.com.

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