The Philippine Star
Theo and Philo sweetens business operations with NetSuite
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.