New Zealand Beauty Products Manufacturer Experiences Significant Revenue Growth Since Deployment
AUCKLAND, New Zealand, Sept. 14, 2015 /PRNewswire/— NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced The Beauty Collective, a New Zealand-based manufacturer, designer and distributor of some of the world's leading beauty and personal care products, has deployed NetSuite to modernise its core business processes and support its dynamic growth. The company replaced Sage Line 50 with NetSuite to power its financials and reporting, order management, third-party warehouse partnerships, inventory management, manufacturing and shipping—all from within one unified cloud-based business management platform. Since deploying NetSuite, The Beauty Collective has significantly expanded its operations, resulting in a 168 percent increase in revenue.
The Beauty Collective supplies and distributes its product range to more than 3,000 stores in the four countries, including some of the largest retailers in the world such as TJ Maxx (US), Boots (UK), David Jones and Woolworths (Australia). Its brands, which include TL+C, Argania, Via, Drop, Every Man Jack and Carmex, are designed and developed in New Zealand, manufactured in China and warehoused in Auckland, Sydney and London. Within New Zealand alone, it distributes to approximately 85 percent of all pharmacies, farmers stores, independent department stores and supermarkets.
The Beauty Collective's previous Sage on-premise solution could no longer keep pace with its rapid business expansion and significant increase in its brand and product range. The lack of multiple inventory functionality caused major disruptions, resulting in disruptive inventory confusion between its warehouses in three different countries and slow order processing due to its inability to handle multiple distribution channels. The beauty manufacturer needed a scalable solution that would streamline its business efficiencies and give it real-time control over its entire operation and inventory.
"NetSuite was a stand-out because of its current affordability and future scalability," said Tim Cunningham, CEO of The Beauty Collective. "NetSuite has the functionality to support the diversification of our business and the introduction of new product lines and we can quickly and easily add functionality as required. Put simply, we would not have been able to power our growth without NetSuite."
The Beauty Collective has streamlined its core business processes and improved operational efficiency since implementing NetSuite. Benefits include:
According to Mark Troselj, Vice President and General Manager, NetSuite ANZ, "The Beauty Collective demonstrates how NetSuite's scalable and agile platform can intelligently and affordably support growth. NetSuite has enabled the manufacturer to transform its core business processes and facilitate geographic and product diversification, whilst streamlining and reducing costs. By managing these complex processes entirely in the cloud, the management team can access real-time financial data and insights 24/7 wherever they are in the world.
Today, more than 24,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-ready cloud business management suites of enterprise resource planning (ERP), customer relationship management (CRM), and ecommerce applications for businesses of all sizes. Many FORTUNE 100 companies rely on NetSuite to accelerate innovation and business transformation. NetSuite continues its success in delivering the best cloud business management suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud accelerates.
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