Zicam Manufacturer Installs ERP Solution

Matrixx Initiatives implements NetSuite Inc. to help accelerate its financial processes, improve business analytics and visibility, and reduce its IT costs. Matrixx, headquartered in Bridgewater, N.J., is the maker of the Zicam brand of cold remedies, available at Wal-Mart, Target, CVS and other major retailers.

 

"NetSuite allows us to do better financial analysis faster and more efficiently, and you don't need to be a Ph.D. to use it. It's very intuitive and I can drill down to details at a transaction level in a few clicks," says Sam Kamdar, Matrixx chief financial officer and chief operating officer. "NetSuite customer support has been absolutely outstanding—their availability, can-do attitude, and knowledge of the product is on par with the best of the best."

 

The company has reduced its software licensing costs by up to 75 percent and eliminated its in-house servers and the need for a full-time IT staffer to perform data backup since transitioning from its previous on-premise ERP installation. Matrixx has also reduced its financial staffing levels with the NetSuite cloud. Monthly financial close times have been cut from 12 days to five as Matrixx progresses towards the goal of a three-day close. In addition, the company uses NetSuite to support its cost-efficient business outsourcing model, managing eight partner companies in the areas of contract manufacturing, sales, inventory and distribution, and accounts receivable.