Global Distributor of CLUSE and Cortese Timepieces Replaces
Entry Level ERP with NetSuite OneWorld
LONDON, Oct. 11, 2016
/PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's
leading provider of cloud financials / ERP and omnichannel commerce
software suites, today announced that Europe Watch Group BV, the
official worldwide distributor of the CLUSE and Cortese watch
brands to customers and retailers in 120 countries, has selected
NetSuite OneWorld to support its global expansion plans. Europe
Watch Group plans to run its mission-critical business processes on
NetSuite including accounting, financials, inventory management,
order management, multi-currency, reporting and analytics.
Founded in 2013 by Ed Postmus and
Rudyard Bekker and based in
Amsterdam, Europe Watch Group is
one of the world's fastest-growing distributors of timepieces that
deliver both quality and value. The company is disrupting the
traditional oligopoly in retail watches with strong brand
identities and superior designs. But after starting the business
with the Exact Online system, the company's management quickly
recognised that the rapid growth of the company was limited by
software constraints. Accounting, fulfillment, and ecommerce were
siloed processes, leading to a great deal of error-prone,
repetitive and manual tasks.
"The limitations of our software meant that our employees had to
do many of the same tasks twice," said Rudyard Bekker, Europe Watch Group founder and
CEO. "And the fact that we could not see live inventory at our
fulfillment partners was a serious limitation."
After considering SAP Business One and Microsoft Dynamics,
Europe Watch Group selected NetSuite OneWorld to become its
central enterprise system of record. NetSuite OneWorld will give
the company insights into manufacturing operations in China and fulfillment partner and warehouse
inventories around the world. The company is planning to open
warehouse locations in Hong Kong
and the United States soon, and
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," Bekker said.
NetSuite OneWorld can help Europe Watch Group grow and prosper
with the following features and benefits:
- A broad range of robust international capabilities.
Supports 190 currencies, 20 languages, automated tax calculation
and reporting in more than 100 countries, and customer transactions
in more than 200 countries, and enables businesses to streamline
their mission-critical business processes.
- A scalable platform that can grow with the company.
NetSuite provides a highly scalable platform for growth, with the
ability to quickly and easily add functionality as Europe Watch
Group enters into new markets or partners with new
distributors.
- Efficient order management. Europe Watch Group will be
able to streamline order management processes by centralising
orders and efficiently processing them without double-entry.
- Real-time business visibility and business intelligence.
With NetSuite, Europe Watch Group will gain real-time insights into
key business performance indicators for a unified view of orders
and sales performance, providing a single version of truth.
- Customisation capabilities. 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 Group now sells over 1 million watches annually to
fashion lovers and expects to multiply that volume in the near
future. The centralised record keeping and analysis in NetSuite
will make it easier for management to understand growth and demand
patterns, and better respond to market opportunities.
"NetSuite is the solution we need to scale our business, connect
with our customers and partners, and meet our urgent needs for
greater integration and visibility," Bekker said.
About NetSuite
In 1998, NetSuite pioneered the Cloud
Computing revolution, establishing the world's first company
dedicated to delivering business applications over the Internet.
Today, NetSuite provides a suite of cloud-based financials /
Enterprise Resource Planning (ERP) and omnichannel commerce
software that runs the business of more than 30,000 companies,
organisations, and subsidiaries in more than 100 countries.
Follow NetSuite's Cloud blog, NetSuite's Facebook page and
@NetSuiteEMEA Twitter handle for real-time updates.
For more information about NetSuite, please visit
www.netsuite.co.uk.
NOTE: NetSuite and the NetSuite logo are service marks of
NetSuite Inc. Third-party trademarks mentioned are the property of
their respective owners.
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