Companies in various industries have achieved impressive results since the launch of NetSuite Analytics Warehouse. They have been able to reduce infrastructure costs, improve forecasting accuracy, streamline product lines, and monitor critical metrics for growth. With recent updates to the tool, the potential for business improvement continues to expand.
In 2021, NetSuite introduced NetSuite Analytics Warehouse, a data warehouse and analytics solution that aggregates information from multiple sources through data pipelines. The tool provides insights through KPIs and dashboards that identify trends. Last month, NetSuite announced enhancements to the solution, including 12 pre-built dashboards, 15 pre-built data snapshots, and over 40 pre-built integrations to third-party data sources such as Shopify and Google Analytics.
According to Jeff Aly, NetSuite solutions consulting director, NetSuite Analytics Warehouse simplifies notoriously complex data warehouse practices, such as migrating years of historical data. In a session at SuiteWorld, Aly explained that the tool’s mechanism for importing data into the warehouse makes the process easy. He also emphasized the efficiencies and time savings that teams experience when using NetSuite Analytics Warehouse instead of maintaining their infrastructure.
Manufacturer Achieves Significant Cost Savings with NetSuite Analytics Warehouse
Aly cited a case study from his experience working with NetSuite users: a sizeable manufacturing company that spent hundreds of thousands of dollars annually on in-house infrastructure and third-party business intelligence tools to make data operational and deliver it to decision-makers. The company’s IT team managed several SQL databases.
However, after the adoption of NetSuite Analytics Warehouse, the team was able to leverage the tool to connect transactional data from NetSuite ERP with forecasting data from NetSuite Planning and Budgeting and other third-party solutions. As a result, the company reduced its infrastructure costs by two-thirds.
Thread Achieves More Accurate Demand Forecasting and Better Data Insights with NetSuite Analytics Warehouse
Retailer Thread has been one of the many businesses that have benefitted from NetSuite Analytics Warehouse. The company’s previous business intelligence tool, Grow, was unable to consolidate data from multiple Shopify instances, Google Analytics, Google Ads, and other sources.
Since adopting NetSuite Analytics Warehouse, Thread has used the tool to fine-tune demand forecasts across its various sales channels, including direct-to-consumer ecommerce, wholesale, and brick-and-mortar retail. With insights provided by the solution, departments such as sales and creative, who previously did not consistently monitor data, can now make crucial decisions on the product line on a daily basis.
Clickstop Enhances Ecommerce Metrics Monitoring with NetSuite Analytics Warehouse
Clickstop, an ecommerce business, initially created a data warehouse to generate more in-depth reports after implementing NetSuite ERP. However, the manual importing and exporting of data, coupled with the lack of real-time updates, limited the effectiveness of this self-made solution. Clickstop then migrated to NetSuite Analytics Warehouse and successfully integrated data from NetSuite, Google, and Amazon.
As a result, Clickstop can now conveniently monitor essential metrics, including gross profit after advertising, with confidence in the accuracy and timeliness of the information. This growing business, which has been recognized 12 times on the Inc. 5000 list, can leverage NetSuite Analytics Warehouse to gain valuable insights.
Save a Cup Boosts Profitability with Deeper Customer Insights Using NetSuite Analytics Warehouse
Save a Cup, a manufacturer of high-quality drinkware, previously faced challenges generating reports that provided deeper insights into customer preferences. Its CFO referred to the reporting process as “cumbersome,” as it failed to identify trends among product families and SKUs.
However, after adopting NetSuite Analytics Warehouse, Save a Cup is now able to generate reports faster and with greater accuracy. The solution enables the company to easily link multisource tables in reports, which are automatically updated on a daily basis. Save a Cup combines data from NetSuite and third-party sources such as Amazon to gain valuable insights and make its products even more profitable.
The Product Hatchery Boosts Inventory Management with NetSuite Analytics Warehouse
The Product Hatchery, a boutique brand development company, has improved its response to fluctuating customer demand with the help of NetSuite Analytics Warehouse. Previously, the company relied on manually exported ERP data in spreadsheets to report on inventory, leading to inefficiencies and delayed decision-making.
Now, by integrating NetSuite and Google Analytics data, The Product Hatchery can automatically generate inventory scorecards and forecasts on a daily basis, with detailed insights down to the individual SKU. The founder of the company notes that this level of granularity has made a significant difference to their overall operations.