Europe Watch Group, the distributor of the CLUSE and Cortese watch brands, has selected NetSuite OneWorld ERP solution to fuel its global expansion plans.
Europe Watch Group earlier evaluated SAP Business One and Microsoft Dynamics, Europe before selecting NetSuite OneWorld to become its central enterprise system of record.
Europe Watch Group plans to run its business processes on NetSuite including accounting, financials, inventory management, order management, multi-currency, reporting and analytics.
NetSuite OneWorld will give insights into manufacturing operations in Chinaand fulfillment partner and warehouse inventories. The company is planning to open warehouse locations in Hong Kong and the United States soon. NetSuite’s cloud architecture will make it easy to deploy to new facilities.
“NetSuite OneWorld will give us a portal for our entire business-to-business operation that will help us better serve our 2,000 retail partners around the globe, as well as the distributors and sales agents we work with,” said Rudyard Bekker, Europe Watch Group founder and CEO.
NetSuite OneWorld benefits
# Supports 190 currencies, 20 languages, automated tax calculation and reporting in more than 100 countries, and customer transactions in more than 200 countries
# provides scalable platform for growth, with the ability to add functionality as Europe Watch Group enters into new markets or partners with new distributors
# streamline order management processes by centralising orders and efficiently processing them without double-entry
# real-time insights into key business performance indicators for a unified view of orders and sales performance, providing a single version of truth
Customisation and integration capabilities within the NetSuite SuiteCloud development platform will help Europe Watch Group set up workflows to meet the precise requirements of key account customers such as Nordstrom, Lafayette, and Selfridges.
Europe Watch, which sells over 1 million watches annually, will gain from the centralised record keeping and analysis in NetSuite by understanding growth and demand patterns, and responding to market opportunities.