HONG KONG, Aug. 31, 2017 /PRNewswire/ Oracle NetSuite, one of the world’s leading providers of cloud based financials /ERP,HR,Professional Services Automation(PSA) andomnichannel commercesoftware suites,today announced that Lfplaza Group, a wholesale distributor of luxury and designer fashion clothing, bags, shoes and accessories, has scaled its businessdramatically since deploying NetSuite OneWorld shortly after its launch in 2012. dollars, Chinese renminbi, British pound, Japanese yen, New Taiwan dollar and the Euro. NetSuite’s unified cloud Canada Goose online business management platform has given Lfplaza scalability and agility cheap canada goose as its business has soared from the startup phase to $300 million HKD (about $38.4 million USD) in revenue in just five years.

Starting out, Lfplaza had in place an entry level accounting system from a Chinese software vendor. After evaluating several competing solutions, Lfplaza quickly settled on NetSuite OneWorld as an ideal fit for its objectives of an integrated system that could support rapid growth. NetSuite OneWorld today powers end to end processes for Lfplaza’s sales of goods from more than 100 brands to a network of over 600 wholesale clients and about Canada Goose Coats On Sale 40 regional multi brand boutiques across Hong Kong, mainland China, Taiwan, Japan, South Korea, Singapore, canada goose outlet toronto factory Malaysia, Indonesia, Thailand and Vietnam.

“NetSuite forms the core backbone on which we’ve rapidly grown our business,” said Jack Tsao, canada goose outlet reviews Lfplaza CEO. “We’ve been able to scale dramatically without adding too many staff. We’re canada goose black friday sale very glad we started early with Canada Goose Parka NetSuite as it gave us room to cheap Canada Goose grow.”

As a cloud based system, NetSuite enables Lfplaza to avoid the high capital expenditures of servers and software needed with traditional on premise business systems. Ease of use, efficient workflows and high visibility into mission critical data have https://www.dvu-nds.de allowed the 100+ person company to minimise administrative and operational costs and instead focus new hires on revenue driving sales and marketing activities. Easy access to NetSuite across Lfplaza’s 10 wholesale stores, its head office in Hong Kong and three subsidiaries (Hong Kong, China and Macau) enables the company to ensure staff work from the same set of timely, reliable data.

“The advantages with NetSuite are felt across the business,” Tsao said. “We would be hiring more staff if we didn’t have NetSuite. It’s definitely been a very worthwhile investment.”

Implementation and optimisation by NetSuite Solution Provider Fern goose outlet canada Limited, in Hong Kong, has helped Lfplaza make the most of its NetSuite OneWorld solution as usage evolved from inventory to accounting and CRM. Benefits that Lfplaza has realised with NetSuite include:

Real time inventory management. NetSuite canada goose outlet canada canada goose store gives Lfplaza real time visibility into tens of thousands of SKUs, particularly important as new products are constantly added. It also helps Lfplaza canada goose outlet jackets account for subtle variations in products, uk canada goose outlet such as shiny canada goose outlet vs. canada goose outlet online matte leather for Canada Goose Outlet the same handbag.

Business reporting. Lfplaza makes extensive use canada goose outlet in usa of NetSuite’s reporting and analytics capabilities to track revenue and product sales by brand, type canada goose factory outlet of cheap canada goose goods, official canada goose outlet gender, regions and other dimensions. Insights derived are vital to Lfplaza’s ability to adapt the business and product lineup as needed.

“The fashion inventory moves very fast, with increasing velocity and sophistication every year,” Tsao said. “With NetSuite OneWorld, it’s very easy to adapt, customise processes and stay current, exploring all the business channels and marketing opportunities out there so we can continue to scale.”

About Oracle NetSuite Oracle NetSuite pioneered the Cloud Computing canada goose outlet store revolution in 1998, establishing the world’s first company dedicated to delivering business applications over the internet.