Oracle NetSuite Corporate Communications
Leveraging the SuiteFlex Development Platform, Pay Commerce Develops Industry Specific Software Application to Meet the Needs of B2B Corporate Disbursement and Remittance management
SAN MATEO, Calif. and Mill Valley, Calif. — November 1, 2007 — Pay Commerce Inc. today announced that it has become a partner of NetSuite's SuiteFlex Developer Program. Pay Commerce has extended NetSuite's One System Architecture with new capabilities to meet the needs of businesses in the Fortune 10,000 companies across various vertical segments. ,The NetSuite SuiteFlex development platform allows customers and third-party developers to build new workflows and applications, which can look and operate as if NetSuite's own developers wrote them.
Because NetSuite holds critical business data of a company — orders, invoices, website transactions, shipping records, time tracking, and payroll data — powerful and business critical applications can readily be built using SuiteFlex.
Pay Commerce is a payment platform built from scratch using 21st century technologies and designed for on-demand Web services. Pay Commerce allows business to make disbursements (payments) in any form, any currency and in any language automating the process and providing SOX compliance and complete end to end electronic process — including reconciliation. Pay Commerce is targeting the back office of enterprise with solutions that tie together the "stove pipe" applications, which are inefficient, replicate work and are cause for needless expense in making disbursements and remittances for business. Pay Commerce can readily integrate with existing ERP and legacy systems and with NetSuite.
Thomas M. Cannon CEO, and Co-founder of Pay Commerce Inc., has extensive experience in financial services, payments and software-as-a-service, particularly in services for disbursements and remittances. He launched the first affinity card marketing programs with VISA, AAA and First Virginia Bank Affinity cards arguably became the juggernaut of co-branding in Ecommerce. Cannon later launched the first prepaid cards with American Express and Disney Studios. Cannon has served as CMO and a senior executive founding officer for First Data, Senior VP of American Express Payment Products worldwide, and was a top field marketing executive for IBM. He was also CEO and founder of GasCard Inc., the nation's largest fleet fueling electronic network when he took the company public and listed it on NASDAQ in [Year?]. Pay Commerce's on-demand, hosted service recently went live after an extensive 'ground up" engineering platform effort of more than four years.
About SuiteFlex and NetSuite's SuiteFlex Developer Program
SuiteFlex is an application development platform that enables the creation of third-party vertical applications within NetSuite, as well as business process customisation for any end-user company. SuiteFlex includes several industry technology advances and innovations including additions to SuiteScript — which allows for on demand programming using only a web browser on a device with Internet access. As a part of SuiteScript, NetSuite introduced Suitelets and SuiteScript UI Objects, allowing customers and third-party developers to build new workflows and applications that can look and operate as if NetSuite's own developers wrote them. In addition, SuiteFlex introduces a dramatic new concept for the Software as a Service market — "Service as Software," SuiteBundler — to deliver new integrated vertical solutions by packaging their Suitelets and other extensions with NetSuite's core ERP/CRM/Ecommerce application. SuiteBundler enables solution providers to embed their industry-best practices, knowledge and applications — traditionally delivered as one-off services — into the actual NetSuite application for verticals in a repeatable fashion.
NetSuite's SuiteFlex Developer Program is established to help solution providers achieve success in vertical markets by bringing them the following:
About Pay Commerce Inc
PayCommerce provides an on-demand, global business settlement network and enterprise grade software solutions for automating corporate disbursement and revenue management functions. PayCommerce is targeting the back office of enterprise with solutions that tie together the "stove pipe" applications, which are inefficient, replicate work and are cause for needless expense in making disbursements and remittances for business. PayCommerce can readily integrate with existing ERP and legacy systems and with NetSuite.
NetSuite Inc. is a leading vendor of on-demand, integrated business management application suites for small and medium-sized businesses. NetSuite enables companies to manage core key business operations in a single system, which includes Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Ecommerce. NetSuite's patent-pending "real-time dashboard" technology provides an easy-to-use view into up-to-date, role-specific business information.
NOTE: NetSuite, the NetSuite logo and SuiteFlex are service-marks or trademarks of NetSuite Inc.