Oracle NetSuite Recognizes Formulated Solutions & Myers-Holum for the Spotlight Award in Manufacturing

"As a company deeply committed to innovation and excellence, we are truly honored to be recipients of the Oracle NetSuite Spotlight Award, alongside Myers-Holum. This award not only recognizes our unwavering dedication to delivering consumer-inspired, adherence-focused healthcare solutions to our customers but also highlights our agility in adapting to industry shifts."

- Andrew McWaters, VP of IT at Formulated Solutions

Oracle NetSuite has named Formulated Solutions, LLC, a groundbreaking manufacturer in the Pharmaceutical and Self-Directed Consumer Healthcare sector, and NetSuite Alliance Partner, Myers-Holum for the Spotlight Award. This award acknowledges their outstanding achievements in leveraging NetSuite for manufacturing.

NetSuite's Spotlight Awards highlight businesses who have shown exceptional commitment and success in implementing NetSuite, demonstrated expertise in customizations and integrations, and illustrated their dedication to implementing effective NetSuite solutions.

“As a company deeply committed to innovation and excellence, we are truly honored to be recipients of the Oracle NetSuite Spotlight Award, alongside Myers-Holum," stated Andrew McWaters, VP of IT at Formulated Solutions. "This award not only recognizes our unwavering dedication to delivering consumer-inspired, adherence-focused healthcare solutions to our customers but also highlights our agility in adapting to industry shifts.”

Formulated Solutions: A Pioneer in Pharmaceutical Manufacturing

Formulated Solutions, renowned for revolutionizing the Pharmaceutical and Consumer-directed Healthcare sectors, continues to receive recognition for its industry-leading innovations and contributions. With an impressive year-on-year growth rate that surpasses 50%, for the majority of its 24-year history, the company has firmly established itself as one of North America's premier contract manufacturing and formulation development organizations (CDMO). Its areas of expertise encompass Filed Monograph OTC, Medical Device, and Prestige Personal Care products.

Their global impact is further reflected through strategic partnerships with seven of the world’s top 12 Consumer Healthcare companies, underpinning their product presence in over 45 countries. These partnerships are further supported by a host of global registrations with regulatory authorities, including the FDA, ANVISA, EMA, Health Canada, TGA, Korean Ministry of Food and Drug Safety, UL, ISO, among others.

Fueling Rapid Growth

To fuel their continuous growth and adapt to evolving market dynamics, Formulated Solutions required a robust business management solution. The existing SAP system, heavily customized and inflexible, no longer met the company's evolving needs.

After evaluating their existing SAP system, Microsoft Dynamics 365/Deacom and NetSuite, Formulated Solutions selected to transition to NetSuite. Formulated Solutions opted for NetSuite to drive its business forward and support new mergers and acquisitions, all while maintaining its impressive growth rate.

Partnering with Myers-Holum

Formulated Solutions also selected Myers-Holum to help deliver NetSuite with the customizations and integrations necessary to optimize Formulated Solutions' operations. Leveraging tools like RF Smart, NetGain, and Blend ERP, Myers-Holum ensured that Formulated Solutions leverages the full potential of NetSuite.

"Myers-Holum is proud to be a part of Formulated Solutions' journey with NetSuite. This award is well deserved for Formulated Solutions leadership team, which demonstrated agility, focus and a truly collaborative team approach during the implementation, to meet business-critical deadlines,” said Saleem Anwar, Delivery Manager at Myers-Holum. “Their commitment to excellence is why they are a leading CDMO and well positioned for future growth."

Formulated Solutions appreciated the flexibility and accelerated implementation cycle followed by Myers-Holum. This accelerated timeline was essential to accommodate the company's business and acquisition dependencies. The onsite implementation approach facilitated user training, smooth go-live and stabilization, and a significant reduction in manual transactions.

Transformational Benefits

Formulated Solutions has experienced some clear benefits since implementing NetSuite which have been impactful:

• Flexibility. NetSuite has provided Formulated Solutions with a highly flexible ERP system, adapting to their evolving needs.
• Mobility. The company now enjoys enhanced mobility, allowing for greater operational efficiency and accessibility.
• Reporting Capabilities. NetSuite's reporting features have empowered Formulated Solutions with even better data and comprehensive insights into their operations.
• Visibility Across Acquisitions. With mergers and acquisitions playing a crucial role in Formulated Solutions' growth strategy, NetSuite has provided full visibility across all systems, simplifying business-level decision making.

With the next phase of their NetSuite implementation on the horizon, which will see the ERP solution rolled out for their Largo HQ, Formulated Solutions is poised to continue its exponential growth journey, underpinned by a fully integrated cloud infrastructure.

Formulated Solutions and Myers-Holum partnered to implement NetSuite, which has been a catalyst for digital transformation and growth. As they continue to innovate and deliver outstanding results, these two businesses provide examples of what can be achieved through dedication, partnership, and the power of the right technology solution.