Direct-to-consumer pioneer and leading personal care brand
selects NetSuite to automate financial reporting and
simplify omnichannel operations
NEW
YORK, March 28, 2024 /PRNewswire/ --
SuiteConnect -- Dollar Shave Club, a leading razor and
personal care brand, has selected Oracle NetSuite to support its
mission to help guys and gals take care of their minds and bodies
and be their best selves. With NetSuite, Dollar Shave Club will be
able to take advantage of an integrated business suite to automate
financial processes, improve visibility across its operations, and
support the continued expansion of its personal care products both
online and in-store.
Founded in 2011, Dollar Shave Club was an early pioneer of the
direct-to-consumer subscription model and focused on delivering
quality razors at an affordable price. Since then, Dollar Shave
Club expanded its portfolio of personal care products, built its
own manufacturing facility, and launched a U.S. retail presence in
Target, Walmart, and other retailers. As Dollar Shave Club grew,
its direct-to-consumer and retail operations were being managed in
multiple systems, which created increased cost and complexity.
After being bought by private equity firm Nexus Capital Management
in 2023, Dollar Shave Club wanted to simplify financial processes
and increase visibility across its business. To support this
transition and increase time to value, Dollar Shave Club selected
NetSuite as its new enterprise resource planning (ERP)
system.
"Multiple disconnected business systems with manual processes
reduced our productivity and made it difficult to gain a full view
of our financials and overall operations," said Dale Brockmeyer, chief financial officer, Dollar
Shave Club. "As we look toward Dollar Shave Club's next phase of
growth, NetSuite will help us do more with less, embrace new sales
channels, and grow revenue by enabling our team to simplify
financial processes and quickly access powerful business
insights."
With NetSuite, Dollar Shave Club will be able to integrate
financial processes across sales channels, scale its business by
adding new brands and product offerings, and efficiently support
its long-term growth goals. For example, NetSuite will help Dollar
Shave Club automate financial workflows across its business to
improve the speed and accuracy of financial reporting. In addition,
the inventory and order management features within NetSuite will
help Dollar Shave Club increase visibility and control across its
growing global operations.
"As the retail industry becomes increasingly competitive, an
omnichannel approach is important for success," said Sam Levy, senior vice president of growth and
operations, Oracle NetSuite. "With NetSuite, Dollar Shave Club can
move to a single source of truth to improve efficiency, reduce
costs, and support future growth."
About Oracle NetSuite
For more than 25 years, Oracle NetSuite has helped organizations
grow, scale, and adapt to change. NetSuite provides an integrated
system that includes financials / Enterprise Resource Planning
(ERP), inventory management, HR, professional services automation
and omnichannel commerce, used by more than 37,000 customers in 219
countries and dependent territories.
Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of
Oracle Corporation. NetSuite was the first cloud company—ushering
in the new era of cloud computing.
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SOURCE Oracle NetSuite