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NetSuite Expedites Aesop's International Expansion

Stocks in this article: N

SAN JOSE, Calif., May 15, 2014 /PRNewswire/ -- NETSUITE SUITEWORLD 2014 -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that Aesop, one of Australia's largest beauty export brands, has selected NetSuite OneWorld as its business management suite to power its rapidly expanding international business, replacing over 10 disparate on-premise applications, including Sage Pastel, Sage Accounting, QuickBooks, Access and numerous Excel spreadsheets. Aesop is switching to a single instance of NetSuite OneWorld to manage its core business processes, including financials, demand planning, inventory management, order management, project management and manufacturing. NetSuite OneWorld also provides multi-subsidiary, multi-language and multi-currency support that can allow Aesop to manage its global operations in real-time by consolidating financials in six languages for 11 different currencies, and automating reporting and performing cost of sales analytics in 12 countries, including Australia, USA, UK, France, Switzerland, Germany, Hong Kong, Singapore, Japan, South Korea, Taiwan and Malaysia.

Established in Melbourne in 1987, Aesop offers a range of meticulously formulated skin, hair and body care, with a commitment to using both plant-based and laboratory-made ingredients of the highest quality and proven efficacy. Its products are available in more than 150 Aesop signature stores and department store counters in 12 countries, as well as online.  Aesop now employs more than 700 people and expects to significantly increase its international footprint in the coming years, with signature stores in South America and Scandinavia opening later in 2014. With this level of historic and projected growth, it became increasingly clear that the company's multiple on-site software systems could not support future needs with the speed and agility required to move swiftly into new markets.

"The key driver for moving to NetSuite is our rapid international growth, as well as the need for flexible scalability," commented Troy Smith, Global Head of ICT, Aesop. "Our legacy systems spread across multiple markets were ill-equipped to deal with our international expansion plans and cracks soon began to show. NetSuite offers us the requisite speed, agility, flexibility and scalability to seamlessly support our future needs, particularly expansion into new markets. Given our global ambitions, the multi-currency and multi-language capabilities of NetSuite OneWorld were a standout for us."

Aesop evaluated a number of global on-premise and cloud solutions before determining that NetSuite's cloud-based business management suite met all requirements in a single, scalable solution – at a considerable cost saving comparative to traditional on-premise ERP solutions. The suite will also integrate effortlessly with Aesop's current ecommerce and in-store POS systems; the latter is expected to support over 5 million transactions annually.

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