Oracle NetSuite Corporate Communications
Senior Director, Global Communications
NetSuite Financials Enables Businesses to Rapidly Move Key Operational Processes from Stone-Age, On-Premise Software to the Industry's Leading On-Demand Accounting and ERP System; Add New Applications With a "Flip of a Switch"
30% Off First-Year NetSuite License for Customers Switching to NetSuite From Microsoft Great Plains or Any Sage ERP Product
SAN MATEO, Calif.—May 21, 2009—NetSuite Inc. (NYSE: N), a leading vendor of on-demand, integrated business management software suites for mid-market companies and divisions of large enterprises, today announced NetSuite Financials, a new edition of its leading on-demand accounting and enterprise resource planning ( ERP) software. NetSuite Financials gives businesses access to NetSuite's award-winning on-demand financial and accounting functionality in a modularized format that provides the highest degree of flexibility and value as they seek to lower operating costs and eliminate capital expenditures by moving key business processes to the Cloud. For a limited time, NetSuite Financials is available at a 30% discount from the list price for any company switching to NetSuite from Microsoft Great Plains or any Sage ERP product. For more information on NetSuite Financials, please visit www.netsuite.com.au/financials. For more information on the special sales promotion, please visit www.netsuite.com.au/promotion.
NetSuite Financials is especially designed for companies eager to trade their current legacy, on-premise accounting systems for NetSuite's modern, software as a service (SaaS)-based design, which leads the industry in offering all the major cost-saving and operational efficiency benefits associated with cloud computing. NetSuite Financials, built on NetSuite's unique integrated on-demand platform, enables companies to accelerate the move to cloud computing by starting with the migration of their most important financial and ERP processes. These companies can then easily add customer relationship management (CRM), Ecommerce or deeper ERP functionality as their operational needs change, a move NetSuite's integrated suite architecture makes as simple as "flipping a switch."
"Because of our unique, integrated suite architecture, NetSuite is the only on-demand business application vendor that can offer businesses tremendous costs savings and overall value whether they implement our full suite to run their entire business, or start with NetSuite Financials and add other applications and functionality as their needs require," said Mini Peiris, Vice President of Product Marketing at NetSuite. "The suite approach eliminates the high costs and complexity associated with integrating applications from multiple vendors. Even in the cloud, integration complexity is an issue that customers will have to address if their core applications were not initially designed to work together. Because we can provision new NetSuite functionality over the web, NetSuite customers can easily extend their investment with new applications and capabilities by sending an email, or making a phone call to the account representative."
Key Features and Functions
NetSuite Financials supports the key back-office operations and business processes of an organization. While other accounting software products deliver a few key workflows at best, NetSuite Financials is a comprehensive financial management and ERP suite that includes:
For more information about NetSuite, please visit http://www.netsuite.com.au.
NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite Inc.