News : NetSuite OneWorld to Power Compomax's Rapid Expansion Plans
Bangkok, Dec. 21, 2014 -- NetSuite Inc., a provider of cloud-based financials / ERP and omnichannel commerce software suites, announces that electrical and electronic component distributor Compomax, has turned to NetSuite to support its steep growth trajectory in Thailand.
Compomax has replaced UFIDA ERP-U8, an on-premise ERP solution used to run financials by many organisations in Asia, with NetSuite OneWorld to better manage its financials and other core business processes, including financial consolidation, procurement, inventory management, order management, demand planning and supply chain, customer relationship management (CRM), and sales force automation in the cloud.
"We have an ambitious growth target over the next few years to capture market share and become the clear leader in our field," said Vikan Chirawatpongsa, business development director for Compomax. "To achieve this, we needed a sophisticated business management system to help us accelerate our growth. NetSuite is able to constantly evolve with us and has already vastly improved our workflow and business efficiencies, which we were never able to do with our previous on-premise ERP system."
Posted by Veronica Silva Cusi, news correspondent
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NetSuite enables companies to manage all key business operations in a single, integrated system, which includes CRM, order management and fulfillment, inventory management, finance, ecommerce and Web site management. NetSuite is delivered as an on-demand service. NetSuite''s patent-pending "real-time dashboard" technology provides an easy-to-use view into role-specific business information that is always up-to-date.
Published: Tuesday, December 23, 2014