Finding the right fit

Cosmosupplylab has experienced rapid growth in recent years and fast expansion of operations. Fast growth brings with it major operational challenges. The need to upgrade systems and ensure real-time overview was getting pressing.

A major milestone towards streamlined operations was secured earlier this year. Cosmosupplylab signed up with NetSuite OneWorld for an integrated in-the-cloud ERP system.

The switch to Netsuite

Cosmo approached this project incrementally. The first step, was adding fixed assets control and financials in Hong Kong. Secondly, adding demand planning and manufacturing modules for operations in China.

“NetSuite brought flexibility and all the benefits of a cloud-based system.”

“NetSuite brought flexibility and all the benefits of a cloud-based system. The ability to transact in multiple languages and currencies was an important factor for us, as our manufacturing facilities are located in China.” Richard Genrault, CFO of Cosmosupplylab, emphasized.

Real-time overview

Many companies struggle with the accuracy of day-to-day figures, especially when consolidating data from multiple locations and across departments. “We live in a very dynamic world. There is a high degree of innovation and the pace of change is very high.” Jerker Berthou, CEO of Cosmosupplylab said.

“We live in a very dynamic world. There is a high degree of innovation and the pace of change is very high.”

With Netsuite, the Cosmo teams all look at the same key figures in real-time. Everyone has access to the same core set of data. As a result, decisions can be made faster and trust in the numbers increases.

Next steps

Cosmosupplylab is set to continue its growth. The next step is to ensure the company will continuously review the need for CRM features and consider streamlining the monthly reporting process. 

The Netsuite system allows Cosmosupplylab to focus on business and pushing further with innovation. The system has become a seamless part of the day-to-day operations.