Oracle NetSuite Corporate Communications
New suite provides a low cost, easy-to-use integrated online application service for companies with 100 employees or less
Redwood Shores, CA—June 26, 2001—Oracle Corp. (Nasdaq: ORCL), the largest provider of software for e-business, today unveiled a new suite of online services aimed at the small business market. This new suite, called the Oracle Small Business Suite, is powered by NetLedger, and provides small companies, with typically less than 100 employees, an integrated, easy-to-use suite of online application services that manage key business processes, including financials, customer relationship management, purchasing, and e-commerce. The Oracle Small Business Suite is available immediately at an introductory price of $99 per month. The new service is available through Oracle.com, Oracle's online services business, extending Oracle's online service business to all market segments
In the United States alone, there are more than 8 million small businesses, each with annual revenues of less than 10 million dollars per year. For those small businesses, the Oracle Small Business Suite provides a completely integrated suite of business applications. And, because the applications are being delivered as an online service, there is no hardware to procure, no large, up-front license fees, and no complex set-ups. Customers can be up and running on the Oracle Small Business Suite in a matter of minutes
The Oracle Small Business Suite
The Oracle Small Business Suite, is built from the ground up as an online service and helps companies manage key business operations such as customer relationship management, orders, purchases, inventory and payroll in a single, integrated system. Small companies no longer need to use several disparate applications to manage their business. With the Oracle Small Business Suite, all operations are managed centrally, and are available to users via the Internet.
Oracle Small Business Suite is powered by NetLedger, which has already won many prestigious industry awards, such as PC Magazine,Editors' Choice 2001; PC World, Best Bets 2001; PC World, 2001 World Class Award; Ziff Davis' Smart Business, MVPs 2001; and Forbes.com's, Best of the Web.
"While small businesses are looking to gain the same efficiencies as large business, traditional enterprise applications have been too expensive and complex to implement," said Mark Jarvis, senior vice president and chief marketing officer, Oracle Corporation. "With the Oracle Small Business Suite, companies can now take advantage of an integrated suite of applications, without the traditional barriers to enterprise applications. The addition of NetLedger's online service to Oracle's online services business will allow Oracle to provide complete business systems to all businesses, from startups to the Fortune 500."
"This is a big win for NetLedger and NetLedger's customers," said Evan Goldberg, president and CEO of NetLedger, Inc. "Oracle shares with us a powerful idea - that businesses can save time and money by using integrated suites to run their business. This new partnership will deliver these benefits to a wider audience of small businesses than NetLedger can reach alone. Ultimately, because small businesses and big businesses do business with each other, the partnership presents an unprecedented opportunity to create a platform for all businesses to streamline their operations using the Internet."
Pricing and Availability
The Oracle Small Business Suite is available immediately, via smallbusiness.oracle.com, or by calling 1-800-SmallBiz. Prospective users can sign up for a free 14-day trial and then sign on at an introductory price of $99 per month. Additional users seats can be purchased, for $2 to 20 per user per month, depending on the application. Currently the Oracle Small Business Suite is available in English, and supports US and Canadian tax requirements. Future versions are planned to support global users.
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