NetSuite OneWorld Provides Smart Heart Health Solution
Provider Qardio with Support Across 40 Countries
LONDON, April 13, 2016
/PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's
leading provider of cloud-based financials / ERP and omnichannel
commerce software suites, today announced that fast growing smart
health solution provider Qardio has implemented NetSuite OneWorld
to fuel its business growth and expansion into new global markets.
Qardio uses NetSuite OneWorld to manage its mission-critical
business processes including accounting, financial consolidation,
procure to pay, order management, inventory management, customer
relationship management (CRM), multi-currency (US Dollars, British
Pounds, Euros), and multi-country tax compliance across its head
office in San Francisco, and
subsidiaries in the UK, the
Netherlands and Asia.
The company sells direct to consumers via its ecommerce website
and sells its products through large retailers such as Apple Store,
Target, Best Buy, Amazon and Walgreens. With NetSuite OneWorld,
Qardio is able to improve operational efficiency, reduce IT costs,
and gain real-time insights into its business performance with a
360-degree view of its customers. NetSuite OneWorld delivers the
scalability, agility and flexibility Qardio needs to enter new
markets, expand operations and grow revenue.
Qardio prides itself on transforming the healthcare industry
with simpler, smarter and more effective solutions for everyone:
patients, doctors and healthcare providers. Qardio's mission is to
revolutionise personal health monitoring by bringing innovative
technologies with high-end design that fit effortlessly into its
users lives. The products range from monitoring blood pressure and
medical grade ECGs, to wireless weight measurement. All the data
collected can be shared with doctors, family or friends, making
managing health more enjoyable and part of daily life.
As its business grows exponentially, Qardio needed an ERP
software solution that could align with its global expansion
ambitions. Previously, the accounting was outsourced to a third
party in the US. But with the rapid growth, different inventory
locations and several legal entities in different countries, this
was no longer sustainable and scalable.
"The complexity of the business for our previous accounting
partner was just getting too big," said Jorrit Kelderman, Qardio's CFO. "We really
needed to have our own ERP software. As we are a US company with
operations around the world, we wanted to have a
US-based ERP system with excellent international
capabilities. For us, it was really important to have billing,
inventory reconciliation, taxes, accounting and consolidation in
one place. NetSuite OneWorld's flexibility, agility and scalability
made it a clear winner and it allows our business to expand at an
unprecedented rate."
Since Qardio's global finance activities are managed mostly from
out of the Netherlands, the
company worked with local NetSuite partner ERP FastForward to
purchase and implement NetSuite OneWorld. ERP FastForward is a
dedicated and successful NetSuite solution partner with a number of
customers in the region.
With support for 190 currencies, 20 languages, and automated tax
compliance in over 100 countries, NetSuite OneWorld can bring
Qardio the following features and benefits:
Real-time global financial consolidation. NetSuite
OneWorld gives Qardio real-time visibility across all of its
subsidiaries, with a single financial system of record.
A broad range of robust international capabilities.
NetSuite OneWorld provides a highly scalable system for growth with
the ability to quickly and easily add functionality as Qardio's
business grows.
Rapid deployment of new subsidiaries. NetSuite OneWorld's
multi-subsidiary management and ease of deployment allows Qardio to
move more quickly as it expands into new markets.
Efficient order management. Qardio has centralised its
order management with NetSuite OneWorld and streamlined processes.
It can now efficiently handle orders from wholesale and retail
partners, consolidating them within one unified system.
Multi-location Inventory management. Qardio can
orchestrate its supply chain, manufacturing and purchasing and can
view the physical location of products in real-time across its
wholesale business to ensure inventory gets moved to the right
place, at the right time, at the right cost.
Global tax compliance. Qardio is able to automate many of
its global tax and compliance processes, which have transformed its
ability to manage sales tax/value added tax. It will also be able
to easily adapt to new markets.
Customer relationship management capabilities. NetSuite
OneWorld's CRM capabilities can equip the Qardio sales team with an
accurate record of each opportunity and its status, a complete view
of the prospect and real-time access to every detail.
Customisation capabilities. Customisation and integration
capabilities within the NetSuite SuiteCloud development platform
help Qardio to tailor the system to its unique business needs and
easily integrate with other systems.
Real-time business visibility and business intelligence.
With NetSuite OneWorld, Qardio can have real-time insights into key
business performance indicators for a unified view across the head
office and subsidiaries and can gain a single version of the truth.
Today, more than 30,000 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 cloud-based
financials/enterprise resource planning (ERP) and omnichannel
commerce software 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 software to
businesses around the world, enabling them to lower IT costs
significantly while increasing productivity, as the global adoption
of the cloud accelerates.
About Qardio
Qardio | qwärde¯o¯ | is a multi
award-winning digital health company that combines innovative
technology, elegant design and powerful data analytics to create
connected health devices you can use anytime, anywhere. Qardio's
clinically-validated devices, QardioArm, QardioBase and QardioCore,
provide users with award-winning innovative designs and technology
that empower consumers, doctors, and healthcare providers and
provide simple, actionable insights into heart health.
For more information about Qardio, please visit
www.getqardio.com.
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@NetSuiteEMEA Twitter handle for real-time updates.
For more information about NetSuite, please visit
www.netsuite.co.uk, www.netsuite.com/fr, or www.netsuite.com/nl.
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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