Carryboy Philippines Deploys NetSuite To Support Business Growth

SAN JOSE, Calif., May 15, 2014 /PRNewswire/ -- NETSUITE SUITEWORLD-- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that Carryboy Philippines, the Philippines' exclusive distributor of Carryboy automotive and truck accessories, has deployed NetSuite to support its fast-growing business. Carryboy abandoned QuickBooks and numerous Excel spreadsheets for NetSuite's superior cloud-based business management suite that provides the company unmatched capabilities to run its core business operations including financials, inventory management, order management, fulfilment and warehouse management — all without having to invest in a huge IT infrastructure and staff. This modernization effort has helped Carryboy streamline mission-critical business processes, realizing significant gains in efficiency and visibility that have helped the company handle increased transaction volumes from B2B and B2C customers while improving its scalability in a fast-growing market.

Founded in 2001, Carryboy Philippines has experienced steady growth, along with the global Carryboy brand. With continued growth and new business complexity, including an expansion to four retail locations across the Philippines, Carryboy found itself experiencing functional and scalability limitations with QuickBooks. With the assistance of IT Group Inc., a NetSuite Solution Provider Partner in the Philippines and Indonesia, Carryboy Philippines selected and deployed NetSuite. Since then, Carryboy has been able to:

• Streamline business processes from orders to shipments and shipments to revenue. NetSuite's order management has given the company the scalability it needs to handle large transaction volumes coming in from its retail stores at four locations as well as from its hundreds of distribution partners domestically.
• Improve its speed and precision in selling products at its four retail stores in Quezon City, Muntinlupa City and Global City Taguig, as well as more than two dozen retail partner locations across the Philippines and a selection of distributors and auto dealerships.
• With NetSuite's order management, warehouse management and inventory management capabilities, Carryboy Philippines has streamlined its processes, handling orders from multiple stores and phone orders and consolidating them within one unified system.

"With NetSuite, manual data processing has been minimized," said Alex Beltran, CFO at Carryboy Philippines. "The inventory capabilities of NetSuite have been very valuable because it's the lifeblood of our business, and the synergy of numerous functions has given us a competitive advantage."

Chris Gamboa, President of IT Group Inc., said interest among Philippine companies in cloud ERP is rising as the benefits become more apparent and internet connectivity across the country improves. At Carryboy Philippines, the NetSuite Solution Provider customized the solution to add greater value through automatic serial number generation and support for bar code scanning.

"Carryboy Philippines is a good example of a Philippine company in both retail and distribution that chose a cloud solution to manage its multi-location warehouse and nationwide sales operation," said Gamboa. "Leveraging NetSuite's cloud technology allows the company to focus on expanding their product lines, providing excellent customer service and growing their business without worrying about IT infrastructure."

Today, more than 20,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud financials/ERP suites for divisions of large enterprises and mid-sized organizations seeking to upgrade their antiquated client/server ERP systems. NetSuite excels at streamlining business operations as demonstrated in a recent Gartner study naming NetSuite as the fastest growing financial management software vendor on a global basis. NetSuite continues its success in delivering the best cloud ERP/financials suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.

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SOURCE NetSuite Inc.