Theo and Philo sweet­ens busi­ness oper­a­tions with NetSuite

The Philippine Star - - PEOPLE & EVENTS -

Or­a­cle NetSuite Global Busi­ness Unit, one of the in­dus­try’s lead­ing providers of cloud fi­nan­cials / ERP and om­nichan­nel com­merce soft­ware suites and a wholly- owned sub­sidiary of Or­a­cle, yes­ter­day an­nounced that Theo & Philo, a bean-to-bar maker of sin­gle­o­ri­gin Philip­pine ar­ti­sanal cho­co­late, re­placed Quick­Books and nu­mer­ous Ex­cel spread­sheets with NetSuite to gain scal­a­bil­ity and flex­i­bil­ity to power its growth.

Since go­ing live on NetSuite in Novem­ber 2015, Theo & Philo has been us­ing NetSuite for ac­count­ing, in­ven­tory man­age­ment, or­der man­age­ment, in­voic­ing and pur­chas­ing — all within one cloud ERP sys­tem.

With NetSuite, Theo & Philo is able to bet­ter plan and man­age sourc­ing, pro­duc­tion and distribution and in­crease ef­fi­ciency while sav­ing both time and money com­pared to the er­ror­prone man­ual work re­quired by their pre­vi­ous soft­ware and pa­per-based pro­cesses.

Founded in 2010, Theo & Philo (www.theoand­philo.com) grew steadily of­fer­ing more than a dozen va­ri­eties of pre­mium, lo­cally sourced cho­co­late prod­ucts. As pro­duc­tion vol­ume soared 700 per­cent to about 14,000 bars a month, the or­ga­ni­za­tion faced chal­lenges keep­ing pace with its pre­vi­ous sys­tem and in­ven­tory man­age­ment was han­dled man­u­ally and tracked on pa­per.

“NetSuite is an in­te­gral part of our day-to-day oper­a­tions and a scal­able plat­form for our con­tin­ued growth,” Theo and Philo Founder Philo Chua said. “We’re a lot more ef­fi­cient and, as we grow, the au­to­mated process flows and checks and bal­ances that we need are al­ready in place within NetSuite.”

Through its con­tin­ued global growth and suc­cess, Theo & Philo, a so­cial en­ter­prise and grantee of the NetSuite Cit­i­zen­ship soft­ware dona- tion pro­gram, has been able to help im­prove so­cial wel­fare in the Philip­pines in part­ner­ship with Gawad Kalinga, a non­profit or­ga­ni­za­tion com­mit­ted to end­ing poverty for 5 mil­lion Filipino fam­i­lies by 2024.

The fea­tures and ben­e­fits that Theo & Philo has been able to achieve with NetSuite in- clude in­ter­na­tional growth, real time ac­cess, stream­lined in­ven­tory and distribution and flex­i­ble cus­tomiza­tions.

As a uni­fied suite, NetSuite of­fers Theo & Philo func­tion­al­ity for CRM, e- com­merce, prod­uct assem­bly, lot track­ing and more as the so­cial en­ter­prise con­tin­ues to grow.

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