SAN MATEO, Calif., May 5, 2016 /PRNewswire/ -- NetSuite Inc.
(NYSE: N), the industry's leading provider of cloud-based
financials / ERP and omnichannel commerce software suites, today
announced that iAutomation, a leading supplier of machine
automation products and services, has implemented NetSuite to help
accelerate innovation and fuel business growth. iAutomation is
using NetSuite to manage mission critical business processes,
including financials, purchasing, order management, inventory
management, sales and customer relationship management (CRM). With
NetSuite, iAutomation has been able to seamlessly and quickly bring
together multiple acquired companies under the parent company,
while arming its field sales engineers with anywhere, anytime
access to critical business information to better and more
effectively serve its customers.
The seeds of success were sown 12 years ago, in 2004, when a
Greensboro, N.C. company called
Integrated Motion upgraded from an on-premise Sage MAS 90 system to
NetSuite. Integrated Motion was acquired in 2007 by what was then
called AutomationSolutions, with the merged company later renamed
iAutomation. The North Attleboro,
Mass.-based iAutomation, elected to standardize its ERP and
CRM systems on NetSuite, which Integrated Motion was already using
after replacing a complex snarl of six different systems including
Sage Peachtree and Goldmine. In
2011, iAutomation acquired Action Automation and Controls, and was
able to replace the acquired company's existing Epicor system and
the seven in-house servers it was using to support its on-premise
applications with NetSuite in just three months.
Across two acquisitions, with NetSuite supporting its core
business processes, iAutomation has realized double digit revenue
gains while growing to a 150-person company with more than 5,000
customers, and 11 offices up and down the East Coast. iAutomation
has also gained better capacity to channel resources into
innovation and highly focused expert customer service, rather
than spending money and time on costly on-premise IT systems and
personnel. About one-half of iAutomation's workforce are field
sales engineers routinely at work at client sites, using NetSuite
to help deliver the machine control and automation solutions that
customers need.
"We pride ourselves on being an innovative company and seek out
suppliers that continue to innovate," said Alan Morrison, Vice President of Operations at
iAutomation. "NetSuite allows us to be innovative both internally
and externally in the way we manage our business. If we have a new
idea, it's not out of the question for us to implement it the next
day."
Now a NetSuite customer for more than 12 years, iAutomation has
been through 24 upgrades of the system with all of its
customizations carrying forward automatically with every upgrade.
iAutomation has realized significant benefits, including:
- A Flexible and Powerful Platform. NetSuite's SuiteCloud
development platform enables iAutomation's engineers to customize
NetSuite for their unique business needs. The company is
currently running about 240 scripts and "Suitelets" supporting
transactions, consolidated purchasing, customer records and work
orders, reducing cycle times for demand replenishment from once per
week to once per day.
- Superior inventory management. With real-time visibility
into inventory, iAutomation can now better plan for how much
inventory it needs, track the movement of goods and meet customer
demand in real time. In combination with lean principles of waste
reduction, since adopting NetSuite, iAutomation has increased
inventory accuracy to 99 percent and reduced the time to replenish
needed inventory to as little as one day.
- Better business forecasting. Real-time data enables
iAutomation to pinpoint business opportunities and track the sales
pipeline, with about 15,000 customer and prospect entities
accounted for in the system.
- Warranty management. NetSuite gives iAutomation a
unified view of warranty and rebate management.
- Pricing management. iAutomation can dynamically
determine market and customer-specific pricing based on the
relationship with a particular customer, volume or industry.
- Rapid deployment. Capable of being implemented in weeks
vs. years, NetSuite speeds time-to-value, enabling iAutomation to
get acquired companies up and running under the parent company
within 90 days.
- Efficient order management. iAutomation is able to
centralize orders and efficiently process orders.
- Mobile access. NetSuite's mobile capabilities enable
engineers in the field, which make up about half the company's
employees, to spend less time on administrative tasks and more time
addressing customer requirements.
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.
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. Third-party trademarks mentioned are the property of
their respective owners.
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SOURCE NetSuite Inc.