SAN MATEO, Calif., Jan. 14, 2016 /PRNewswire/ -- NetSuite Inc.
(NYSE: N), the industry's leading provider of cloud-based
financials / ERP and omnichannel commerce software suites, today
announced that Lucky Brand, a leading designer and manufacturer of
premium denim jeans and other apparel, has implemented NetSuite
OneWorld to gain the agility, flexibility and scalability it needs
to fuel both its retail and wholesale business growth. Lucky Brand
also uses the Bronto Marketing Platform from Bronto Software, a
NetSuite company, for its commerce marketing automation to deliver
timely, relevant and data-driven digital marketing.
Lucky Brand uses NetSuite OneWorld to run its mission-critical
business processes across its B2C and B2B wholesale operations for
financial consolidation, inventory management, procure-to-pay,
fixed assets, and multi-currency and multi-tax compliance
management. The company sells direct to consumers via its ecommerce
website and 259 retail locations, and distributes through large
retail partners, including Macy's, Dillard's and Nordstrom.
When a private equity firm took Lucky Brand private in 2014, the
company needed a quick transition off its legacy ERP platforms.
Lucky Brand evaluated traditional on-premise ERP products, but
NetSuite OneWorld emerged as the only solution providing the
agility and flexibility needed to help continue the company's
self-sufficient growth. Lucky Brand chose NetSuite for:
- A single platform with a broad range of functionality to
provide the foundation needed to run complex and mission-critical
business processes across multiple subsidiaries for both its retail
and wholesale businesses.
- A cloud-based solution implemented in months vs. years,
speeding time-to-value and creating significant IT savings.
- Accurate and real-time visibility across all business entities
and subsidiaries, generated from a single data repository.
- The agility, scalability and flexibility needed to enter new
markets, expand operations and grow revenue.
"NetSuite's modern, cloud-based platform has helped enable our
business transformation," said Jason
Richard, Lucky Brand CIO. "We're now equipped with a highly
scalable, flexible platform to streamline complex retail processes
and gain complete, real-time financial and inventory visibility
across the business to enable a superior omnichannel customer
experience."
NetSuite OneWorld delivers transformative power to global
companies of all sizes with any business model (B2B, B2C and
B2Anything), giving them the agility and flexibility to adapt to
the rapidly changing world of modern business. NetSuite OneWorld
gives today's companies the ability to expand and transform their
organizations and reinvent their business models to meet the
ever-changing demands of their markets and the expectations of
their customers. With support for 190 currencies, 20 languages and
automated tax compliance in more than 100 countries, NetSuite
delivers the following key features and benefits to Lucky
Brand:
- Native cloud solution. With NetSuite's cloud platform,
Lucky Brand is free from the costs and complexities associated with
managing, patching and upgrading on-premise software and hardware.
No longer having to deal with version lock, Lucky Brand receives
the benefits of all software upgrades. In addition, any
customizations needed to support the unique needs of Lucky Brand
are automatically migrated.
- Multi-location inventory management. Lucky Brand can
view the physical location of goods and approximately 150,000 SKUs
in real time across its wholesale and retail businesses to meet the
evolving needs of its customers.
- Data-driven commerce marketing. With Bronto, Lucky Brand
uses data such as cart, order and product information to create
automated, personalized campaigns. Coupon codes are easily created
and distributed via email marketing or SMS for highly targeted,
revenue-generating campaigns.
- Dramatically improved business efficiency. The company
has streamlined mission-critical business processes across its
inventory management, finance, reporting and procurement
operations.
- Real-time reporting and analytics. Lucky Brand uses
NetSuite Financial Planning to automate budgeting, forecasting,
reporting and analysis.
Learn More: Experience NetSuite at Retail's Big Show
Retailers attending NRF's 2016 Annual Convention (Retail's Big
Show) from January 17-20 at the Jacob
J. Javits Convention Center in New York
City will have the opportunity to see firsthand how
NetSuite's cloud-based platform seamlessly unifies the online and
in-store customer journey, enabling retailers to deliver true
omnichannel shopping and service experiences. To learn more, and to
schedule a personal demo at NetSuite's booth #4217, visit
www.netsuite.com/nrf.
Today, more than 24,000 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-ready
cloud business management suites of enterprise resource planning
(ERP), customer relationship management (CRM), and ecommerce
applications for businesses of all sizes. Many FORTUNE 100
companies rely on NetSuite to accelerate innovation and business
transformation. NetSuite continues its success in delivering the
best cloud business management suites to businesses around the
world, enabling them to lower IT costs significantly while
increasing productivity, as the global adoption of the cloud
accelerates.
Follow NetSuite's Cloud blog, NetSuite's Facebook page and
@NetSuite Twitter handle for real-time updates.
For more information about NetSuite, please visit
www.netsuite.com.
NOTE: NetSuite and the NetSuite logo are service marks of
NetSuite Inc. Bronto is a registered service mark of Bronto
Software Inc. Third-party trademarks mentioned are the
property of their respective owners.
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SOURCE NetSuite Inc.