Oracle NetSuite announced new innovations, achievements by some clients and its latest products.
hint, a San Francisco-based provider of fruit flavored water, is using NetSuite to scale its business systems and achieve sales target of $1 billion.
NetSuite will support hint to ensure rapid business growth, scale business and manufacture products which can be close to the point of distribution.
NetSuite said it enabled hint to avoid IT complexity as its business has grown by automating inventory and order management practices with financial and accounting processes from a very early stage.
“hint offers so many lessons on purposeful growth, from its very inception, to the way it continues to influence the industry,” said Jim McGeever, executive vice president Oracle NetSuite.
Oracle NetSuite announced the world’s first intelligent cloud suite – featuring artificial intelligence and machine learning-based capabilities.
Oracle NetSuite also announced an innovative new ecommerce product. The latest release of SuiteCommerce enables businesses to launch an online store within 30 days. Oracle NetSuite is also offering pre-defined themes to 1,000 customers who sign up for SuiteCommerce.
Oracle NetSuite said its new innovations help organizations to drive growth, reduce costs and achieve the benefits of cloud computing.
The latest innovations within the NetSuite platform include new SuiteSuccess industry cloud solutions, enhanced financial management, HR and supply chain capabilities, new innovations for product and service companies, and a new data analytics solution.
Oracle NetSuite announced localized product capabilities and customer support for businesses in Germany, France, China, Japan, Brazil and Mexico.
The local capabilities and in-country teams will assist NetSuite customers to benefit from one unified business platform to streamline the management of multi-subsidiary operations, achieve consistent processes across countries, support global compliance and gain real-time global insight.
NetSuite has explained how the ERP provider is supporting growing companies such as Magic Memories, VIVOBAREFOOT and Loot Crate to support business growth.
Magic Memories, a provider of photographs and video in 170 tourist destinations, used NetSuite OneWorld to simplify its reporting processes from days to hours.
The cloud-based ERP system provides remote access and ability to localise the platform to service the region. Magic Memories has also benefitted from NetSuite’s support for multi-currency, multi-language operations.
Simon Robinson, acting chief financial officer, Magic Memories, said: “OneWorld supports our core financial, procurement and supply chain needs and enables us to continue to grow and expand, without operational challenges.”
VIVOBAREFOOT, a global barefoot shoe company, has selected Oracle NetSuite to support its transition to an e-commerce business model. NetSuite will support VIVOBAREFOOT to eliminate the complexity of its previous systems.
Damian Peat, operations director at VIVOBAREFOOT, said NetSuite enables VIVOBAREFOOT to track and manage inventory of the roughly 100 different lines of shoes it produces across manufacturing facilities in Portugal, China and Ethiopia.
VIVOBAREFOOT can track financials across its London store, online and franchises in Europe. By unifying inventory, orders and financials on one platform, VIVOBAREFOOT is able to eliminate the complexity of its legacy systems from Prima, Sage 50 and Divendo and focus on continuing to innovate in footwear.
Loot Crate has implemented NetSuite to manage the rapid growth. NetSuite supports Loot Crate to have a unified and flexible platform to scale with its growth and handle the complex requirements of its business model.
NetSuite has provided Loot Crate with the flexibility and scalability to support its business model, which is based on recurring billing.
Erich Gazaui, CIO at Loot Crate, said: “With NetSuite, Loot Crate is able to manage over 70,000 transactions for fulfillment each day while modernizing and streamlining financials, order management, inventory management, customer relationship management (CRM) and business intelligence systems.”