NetSuite Helps Australian Health & Wellness Technology Business, Evolt360, Manage Rapid Expansion Following Surging Demand for Health Monitoring Tools
Evolt360, a global leader in digital body composition scanning technology, is using Oracle NetSuite, to take advantage of an integrated business platform to unify finance, sales, inventory, orders, and procurement data and help scale its operations. Evolt360 supports more than 40,000 business contracts across multiple vertical channels, including health insurers, government bodies and some of the world’s largest fitness centre chains.
Evolt360’s mission is to support and educate people with the knowledge of their body composition by providing inspiration from information. They currently help more than 500,000 active users take control of their health.
The company needed help to scale its operations, as its manual reporting processes and patchwork of technology solutions – Xero, Fathom HQ, Hubspot, and Excel – could no longer keep up with the demands of the business. To address inventory tracking issues, slow fulfillment and unify data across its operations, Evolt360 decided to replace its previous systems with NetSuite.
“We have seen an increasing demand from consumers for a more innovative and data-centric approach to tracking health and wellness,” said Ed Zouroudis, co-founder of Evolt360. “Our equipment and health apps are used by thousands of gyms and fitness centres around the world, which in turn are used by thousands of their members. This gives our operation an ever-expanding footprint. To ensure our technology operates both seamlessly and cost efficiently, we needed a unified and automated system that could give us a real-time view of our business operations both locally and internationally. After considering our requirements and our options, choosing NetSuite to manage our rapid expansion and create more efficient processes was an easy decision.”
NetSuite will help enable Evolt360 to consolidate its global financials and reporting, improve visibility into inventory and sales orders, and establish a subscription-based business model within a unified platform. With NetSuite, Evolt360 is expected to have a centralised data source that will provide it with a real-time view of its entire business, enabling it to make more informed decisions about critical business functions. In addition, by automating previously manual tasks, NetSuite will help the Evolt360 team free up time so they can focus on changing the fitness business.
“We are proud to work with businesses like Evolt360 that are paving the way in emerging industries,” said Scott Wiltshire, general manager ANZ at Oracle NetSuite. “By integrating operations on NetSuite, Evolt360 is expected to be in a stronger position to deliver on its potential as it works toward its ultimate vision of building consumer trust in the wellness industry.”