Oracle NetSuite Corporate Communications
NetSuite’s Modern, Agile and Future-Proof Cloud Business Management Suite Replaces Four Legacy Applications
SAN MATEO, Calif.—April 23, 2015—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that HP has deployed NetSuite OneWorld for business management within its Software business, supporting 15 countries. HP Software went live on NetSuite OneWorld with a rapid six-month deployment, replacing four disparate on-premise legacy systems.
HP Software is using one single unified instance of NetSuite OneWorld to run mission-critical business processes including order-to-cash, revenue recognition, multi-currency including the Euro, the Japanese yen, the Swedish krona, the Swiss franc, the British pound and the dollars of the U.S., Canada, Australia, New Zealand, Singapore and Hong Kong, intercompany transactions and multi-country taxation compliance.
The NetSuite OneWorld deployment provides HP Software with flexibility, agility and scalability, and a real-time view of the customer data across multiple business units and countries. This modernization effort equips HP Software with a fully up-to-date IT environment geared for innovation and business transformation.
"NetSuite has delivered an enterprise-class solution that’s enabling us to streamline complex revenue and billing processes and gain new insights into business performance," said Paul Chapman, Chief Information Officer, HP Software. "The two-tier ERP implementation with NetSuite OneWorld is robust and elegant and provides us with new agility, flexibility and scalability in our management of the Software business."
"HP is extending its long history of innovation in computing and business by embracing cloud ERP in a large-scale enterprise environment," said Zach Nelson, NetSuite CEO. "It’s extremely gratifying to see HP take advantage of the scale and agility possible with NetSuite OneWorld via a two-tier ERP deployment."
Today, approximately 24,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud ERP suites for divisions of large enterprises and mid-sized organisations seeking to upgrade their antiquated client/server ERP systems. NetSuite continues its success in delivering the best cloud ERP/financial suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud accelerates.
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