NetSuite to support fitness brand's rapid global
expansion by automating key business processes and connecting
data across its operations for better insights
LAS
VEGAS, Sept. 28, 2022 /PRNewswire/ -- SUITEWORLD
2022 -- Orangetheory Fitness, leading fitness brand and innovator
in the fitness and wellness category, has selected Oracle
NetSuite to help it give more people a longer and more vibrant
life. With NetSuite, Orangetheory will be able to take advantage of
an integrated business system to enhance and scale its
operations as it expands globally.
Since opening its first boutique fitness studio in 2010,
Orangetheory has expanded to more than 1,500 studios across 24
countries and continues to have a robust expansion pipeline for
2023. To support increasing demand for its science-backed,
technology-tracked workouts and expanding international operations,
Orangetheory needed an enterprise resource planning (ERP)
system. After careful evaluation, Orangetheory selected
NetSuite to streamline its operations, integrate its data to enable
faster and more informed decision making, and improve the
efficiency and accuracy of its financial processes.
"As Orangetheory grew rapidly to meet demand for our
total-body group workouts, we needed a centralized business system
to help our operations keep pace with our growth," said
David Hammer, CFO, Orangetheory
Fitness. "NetSuite's high performance and ease of use will allow us
to focus on our strategy, better enable and serve our network of
franchisees, and help turn data into opportunities faster than ever
before. NetSuite will help refine our business processes as we
continue our rapid expansion into new markets domestically and
internationally."
With NetSuite, Orangetheory will be able to consolidate,
automate, and scale its operations on a single cloud business
system. NetSuite will enable Orangetheory to increase the accuracy
and efficiency of existing key business processes, including
procurement and distribution, and streamline back-office processes
by seamlessly integrating with third-party tools. In addition,
NetSuite will help Orangetheory integrate and improve the accuracy
of data across its business, as well as its ecosystem of partners
and studio franchisees to better support their needs. This will
help Orangetheory conduct faster and more meaningful analysis and
reduce the risk associated with inaccurate or missing data, and it
will ultimately help the Orangetheory leadership team make more
informed decisions.
"Orangetheory had the foresight to understand that it was
quickly outgrowing its systems and needed to upgrade its technology
to support customer demand," said Evan
Goldberg, founder and EVP, Oracle NetSuite. "With NetSuite
providing a centralized and scalable system, Orangetheory will be
able to enhance and streamline its operations without disrupting
the flow of business. As a result, the Orangetheory team can stay
laser-focused on working with its ecosystem to continue its strong
growth trajectory."
Get all the latest updates from SuiteWorld by registering for
SuiteWorld On Air: netsuitesuiteworld.com/onair.
By registering, attendees will have access to keynotes, sessions,
demos, and NetSuite's two-day live broadcast, NetSuite TV. Learn
more about how organizations are leveraging the power of NetSuite
to increase efficiency, improve productivity, and grow
profitability.
About Oracle NetSuite
For more than 20 years, Oracle
NetSuite has helped organizations grow, scale, and adapt to change.
NetSuite provides an integrated system that includes financials /
enterprise resource planning (ERP), inventory management, HR,
professional services automation, and omnichannel commerce, used by
more than 32,000 customers in 217 countries and dependent
territories.
Learn more at https://www.netsuite.com. Like us
on Facebook, and follow us on LinkedIn, Instagram,
and Twitter.
About Orangetheory
Orangetheory® Fitness (orangetheory.com) is a heart-rate-based,
total-body group workout combining science, coaching, and
technology created to help you achieve your desired results and
live a more vibrant life. One of the world's fastest-growing
franchise companies, Orangetheory developed a workout designed for
all fitness abilities to foster a shared community experience by
connecting members and coaches. The Orangetheory workout charges
your metabolism for MORE caloric afterburn, MORE results, and MORE
confidence, all to deliver you MORE LIFE. Orangetheory franchisees
have opened more than 1,500 studios in all 50 U.S. states and 24
countries. The company was ranked #60 in Inc. Magazine's Fastest
Growing Private Companies list and was listed as #9 on Entrepreneur
Fastest-Growing Franchise 500 list.
Visit https://www.orangetheory.com/en-us/international-opportunities/ for
global franchise opportunities.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/orangetheory-fitness-selects-netsuite-to-strengthen-its-core-business-301635208.html
SOURCE Oracle NetSuite