The Cheeky Panda, an eco-friendly toilet tissue and household goods brand, has seen tremendous growth in the past few years. The company, which started with a £2 million investment, has now grown to a £12 million business operating across 25 countries.
The Cheeky Panda, an eco-friendly toilet tissue and household goods brand, has seen tremendous growth in the past few years. The company, which started with a £2 million investment, has now grown to a £12 million business operating across 25 countries.
The secret to their success? Oracle NetSuite.
NetSuite is an integrated business suite that provides insights across operations, automates critical finance processes, and helps businesses manage their entire operations from a single platform.
The Cheeky Panda has been able to take advantage of this suite to streamline their operations and gain a competitive edge in the market.
“We plan on changing the world and want to have fun doing it, but our previous software began to impact our philosophy,” said Julie Chen, co-founder and chief executive officer, The Cheeky Panda. “As a leader, you require a strong vision, strong team, and strong system and with NetSuite, we now have a central hub to manage our day-to-day sales and business performance. We can instantly monitor our financial health, manage cash flow, and identify sales trends and forecasts, all while tracking and responding to the environmental, social, and governance data that is so important to The Cheeky Panda’s mission.”
NetSuite has helped The Cheeky Panda gain a consolidated view of its subsidiaries in the UK, Ireland, China, and the U.S., increase data accuracy, and improve collaboration with its manufacturing teams in China to ensure optimum stock levels for its direct-to-consumer and B2B channels. In addition, The Cheeky Panda uses NetSuite to track environmental, social and governance (ESG) data, monitoring the entire supply chain on an item-by-item basis to understand how much carbon it must offset.
“Sustainability is an increasingly critical area across all sectors and The Cheeky Panda is a perfect example of how a brand can be both an environmental pioneer and a financial success,” said Nicky Tozer, SVP, EMEA, Oracle NetSuite. “With NetSuite, The Cheeky Panda has a suite that provides total visibility across its operations, and this enables its global teams to manage finances, track carbon emissions, and react accordingly to continue its industry-leading sustainability work.”
Sources: https://retailtimes.co.uk/cheeky-panda-the-eco-friendly-toilet-tissue-brand-unrolls-its-secret-to-success-with-netsuite/
