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, from within one unified cloud-based business management platform.
Since deploying NetSuite, The Beauty Collective claims it has “significantly expanded” its operations, resulting in a 168 percent increase in revenue.
“NetSuite was a stand-out because of its current affordability and future scalability,” says Tim Cunningham, CEO, 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 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.
According to Cunningham, 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 Collective demonstrates how NetSuite's scalable and agile platform can intelligently and affordably support growth,” adds Mark Troselj, Vice President and General Manager, NetSuite A/NZ.
“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.”