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Touchland Cleans Up Its Financial Systems with NetSuite

admin by admin
May 10, 2023
in News



Touchland, a health and beauty brand, is working with Oracle NetSuite to support its vision of bringing unexpected joy and expression to every act of self-care.  

With NetSuite, Touchland has been able to take advantage of an integrated business system to improve the speed, accuracy and efficiency of its financial processes and help scale its operations to support more than 4,000 retail locations across the country.

Launched in 2018 in Miami, Touchland has rapidly expanded, and its award-winning hand sanitizers now are sold in major retailers including Sephora, Ulta and Target.

To meet soaring customer demand and increase efficiencies across its rapidly expanding operations, Touchland needed to replace its accounting system. It was unable to integrate financial and operational systems and that was leading to inaccurate data, unnecessary manual tasks and slow order fulfillment.

After careful evaluation, Touchland selected NetSuite to address these challenges and establish a new enterprise resource planning (ERP) system.  

“Scaling a fast-growing business that is growing triple digit year over year, we had to be fully automated to accommodate increased demand, additional channels, and new product innovations,” says Andrea Lisbona, founder, and CEO of Touchland. “With NetSuite, we now have one system that can connect data across our operations and help us proactively refine processes. The enhanced insights and comprehensive reporting capabilities that NetSuite provides have helped us understand market opportunities and launch our products in thousands of retail locations.”

With NetSuite, Touchland has been able to move to a single cloud business system to consolidate, automate, and scale its core business. For example, NetSuite Connector has enabled Touchland to increase productivity by synching its systems with Amazon to automatically track inventory across warehouses, record transactions and manage payables.

NetSuite Demand Planning has enabled Touchland to drive further efficiencies by helping it fulfill orders from six warehouses, each targeting different sales channels, and increase inventory turnover. Touchland also works with NetSuite Advanced Customer Support (ACS) to maximize its investment in NetSuite and better understand the market opportunities within its existing data.

David Rodman, Senior VP of Customer Success at Oracle NetSuite, says Touchland is transforming the health and beauty space through its award-winning products and the growth it has achieved in the last five years is extremely impressive. “With NetSuite, Touchland has a single view into its business and that has helped it increase efficiencies, scale its operations, and establish a foundation for future growth.”

About Oracle NetSuite

For more than 20 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 34,000 customers in 217 countries and dependent territories.


Disclosures

Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation.

Other trade names, if any, used herein, may refer to specific registered entities held by their respective owners. They are used solely for informational and educational purposes.

This is an editorial feature, not sponsored content. Neither of the vendors within this article have paid Insightful Accountant or the author any remuneration to be included in this feature. The article is provided solely for informational and educational purposes.

The publication of this article does not represent any endorsement by either the author or Insightful Accountant.

Note: Registered Trademark ® symbols have been eliminated from the articles within this publication for brevity due to the frequency or abundance with which they would otherwise appear or be repeated. We attempt to credit such trademarked products within our respective article footnotes and disclosures.


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Tags: 2023 accounting2023 accounting technologyaccountantsAccountingAdapted by Insightful Accountant from source content furnished by Oracle Corporation Media (Edited by William Murphy)Andrea Lisbona founder and chief executive officer TouchlandbookkeepersBookkeepingDavid Rodman Sr. VP of Customer Success at Oracle NetSuiteHeadlinesNetSuiteNot FeatureOracle NetSuiteSephoraTargetTouchlandUlta
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