SAN MATEO, Calif., April 23, 2013 /PRNewswire/ -- NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced that Data Physics Corp., a manufacturer of vibration and sound testing and measurement solutions for such industries as aerospace, consumer electronics, automotive, power generation, civil engineering and others, has reached a 10-year milestone in running its global business on NetSuite. Since becoming one of the first manufacturers to adopt cloud business management in 2003, Data Physics has seen nearly a four-fold increase in revenue while growing its business across North America, Europe and Asia. NetSuite has given the company, founded in 1984 by a pair of former Hewlett-Packard engineers and headquartered in San Jose, Calif., an efficient and scalable platform for growth that handles diverse business processes including manufacturing, multi-location inventory management, CRM and sales force automation, financials, and management of global offices in the U.K., China, India, France and Germany. Over its 10 years on NetSuite, Data Physics has realized significant productivity and process improvement gains as it grew its business among such multinational customers as GE, Apple, Boeing, Toyota, Exxon Mobil, Whirlpool, Siemens, Panasonic, Ford Motor, General Motors, IBM, Lockheed Martin and many others.
Struggling with the manual work, poor data visibility and inefficiencies of its previous on-premise infrastructure comprised of Solomon for financials, ACT! Goldmine for CRM and a collection of Microsoft Access databases, Data Physics became an early adopter of cloud business management software as it envisioned the improvements it could achieve with an integrated cloud ERP system and industry-specific manufacturing capabilities. The ability to eliminate in-house servers, back-up systems, software and IT personnel in favor of a single unified system for core business operations was a key driver in Data Physics' selection of NetSuite. Initially focused on manufacturing electronics-oriented testing and measurement equipment, Data Physics has since evolved to add large industrial shaker machines designed to enable manufacturers to test the ability to withstand vibration in a range of products, from the Apple iPhone to automobiles to satellites. Today, the NetSuite Manufacturing Edition helps Data Physics run production in Corona in Southern California and East Sussex, U.K. NetSuite's manufacturing capabilities for subassembly and work orders help Data Physics keep production on track with real-time visibility into orders, components and costs, while the application helps streamline procurement of hundreds of diverse components from hundreds of suppliers. The recent addition of editing work orders has become a key component in the manufacturing of Data Physics' core product, a large, made-to-order machine assembled in pieces. Before editing work orders, Data Physics used a manual approach to work orders, making it difficult to track the order. The new capability facilitates the manufacture of the product in the U.S. and the EU. Additionally, multi-location inventory management provides visibility and precision for both physical and virtual locations across three continents while NetSuite OneWorld provides consolidated reporting.
"NetSuite has given us much more clarity to where we are in manufacturing and our costs so we always know what assemblies we have in which locations. Having one unified system to run our international business has enabled us to be more efficient across the board," said Sabine Castagnet, Data Physics COO. "We are committed to the cloud and true believers in NetSuite."
Data Physics is a member of the NetSuite Manufacturing Customer Advisory Board, a group of select companies that work collaboratively with NetSuite to continue evolving industry-specific functionality in the NetSuite Manufacturing Edition, a complete cloud solution for manufacturing resource planning, integrated inventory and dynamic replenishment, warehouse management, financial accounting and costing, customer and partner relationship management, and eCommerce. Recent functional additions for standard costing, demand planning and work-in-progress (WIP) accounting build on core capabilities for production engineering, shop floor and project control, multi-site and multi-division operations, lot and serial control, bill of materials and assembly builds and more.
NetSuite OneWorld gives Data Physics a global business solution to manage offices in the U.K., France, Germany, India and China, as well as three offices in the U.S., with multi-currency conversion capabilities for transactions in the British pound, Euro, Indian rupee and U.S. dollar. The company's global sales team uses NetSuite CRM to manage the lead-to-order-to-cash cycle, taking advantage of a single comprehensive view of customers and opportunities, while sales forecasting helps Data Physics align resources, materials and production to demand. NetSuite's unified data set helps streamline compliance with export regulations, while dashboards with key business metrics give executives and managers real-time visibility into operations and financials with drill-down to transactional detail for data-driven decision-making. With no in-house IT systems to maintain, Data Physics is avoiding several full-time IT personnel who would be required with an on-premise approach while gaining the flexibility to access critical business information from anywhere over the web.
Today, more than 16,000 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-class cloud financials/ERP suites for divisions of large enterprises and mid-sized organizations seeking to upgrade their antiquated client/server ERP systems. NetSuite excels at streamlining business operations as demonstrated in a recent Gartner study naming NetSuite as the fastest growing top 10 financial management systems vendor in the world. NetSuite continues its success in delivering the best cloud ERP/financials suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.
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