SAN FRANCISCO, Sept. 18, 2019 /PRNewswire/ -- SuiteConnect
-- Precision Medical Products, a leader in deep-vein
thrombosis (DVT) prevention and supplier of durable medical
equipment that assists over 140,000 patients per year with
post-surgery recovery, is using Oracle NetSuite to streamline core
business operations and create a platform for sustainable growth.
With NetSuite, Precision Medical Products (PMP) has been able to
increase efficiencies and enhance the customer experience as its
business has grown 70 percent over the last three years.
Founded in 2010, PMP is focused on helping patients recover from
surgery and prevent DVT, a blood clot that forms in a vein.
Although DVT is the most preventable cause of death in surgical
facilities, it affects as many as 900,000 Americans each year and
leads to nearly 100,000 premature deaths according to the Centers
for Disease Control and Prevention. To help save lives and
cost-effectively provide FDA-quality products and services to its
customers within two days, PMP needed a unified business platform
that could automate processes and scale to support its future
growth. After careful evaluation, PMP selected NetSuite over Xero
and Zoho.
"More Americans die from DVT than breast cancer, AIDS and
traffic fatalities combined, and it's our mission to help patients
recover as quickly and pain-free as possible," said Bruce Capagli, COO, Precision Medical Products.
"In a single platform, NetSuite gives us the visibility and control
we need to reduce operational costs, maintain our customer promises
and enhance decision making. NetSuite is helping take our business
to the next level as we expand to help our customers achieve
positive outcomes post-surgery and aim to assist 5 million
customers."
With NetSuite, PMP has been able to take advantage of an
integrated platform to automate and centralize key business
functions including financials, CRM, order management and inventory
management systems across its five brands. Fully rolled out in less
that 60 days, NetSuite has enabled PMP to reduce shipping costs and
meet customer expectations for rapid delivery by routing orders to
whichever warehouse offers the best shipping costs based on zip
code. In addition, NetSuite has enabled PMP to more than double the
average order value without increasing operational costs by
launching a new online store in just 23 days that eliminates manual
data entry with online orders.
"Precision Medical Products is doing amazing work to help
patients quickly recover and its business has grown rapidly over
the last three years," said Jason
Maynard, SVP of Global Field Operations, Oracle NetSuite.
"To support its growth and manage operational costs as order volume
continued to climb, PMP selected NetSuite to create a platform for
sustainable growth. With NetSuite, the PMP team can
cost-effectively grow their business while continuing to focus on
what they do best – protecting patients on their road to
recovery."
About Precision Medical Products
Precision Medical
Products is a self-funded startup and was formed in 2010 by a few
people in a garage. Within 9 years, PMP grew to over $25 Million in annual sales with a team of 140+
people in 36 states. In 2015, Precision Medical was recognized as
the #1 fastest growing company in Sacramento. We did this by putting patients
first, offering home deliveries, and being known as the experts in
our products.
About Oracle NetSuite
For more than 20 years, Oracle
NetSuite has helped organizations grow, scale and adapt to change.
NetSuite provides a suite of cloud-based applications, which
includes financials / Enterprise Resource Planning (ERP), HR,
professional services automation and omnichannel commerce, used by
more than 18,000 customers in 203 countries and dependent
territories.
For more information, please
visit http://www.netsuite.com.
Follow NetSuite's Cloud blog, Facebook page
and @NetSuite Twitter handle for real-time updates.
About Oracle
The Oracle Cloud offers a complete suite
of integrated applications for Sales, Service, Marketing, Human
Resources, Finance, Supply Chain and Manufacturing, plus Highly
Automated and Secure Generation 2 Infrastructure featuring the
Oracle Autonomous Database. For more information about Oracle
(NYSE: ORCL), please visit us at www.oracle.com.
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SOURCE Oracle NetSuite