Leading Industry Analyst and NetSuite Customer to Share Insights and Success Stories on Two-Tier ERP for Multinational and Multi-Subsidiary organisations
SAN MATEO, Calif.—September 18, 2013—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced a webinar titled "Cloud ERP Strategies to Drive Global Growth," to share how leading companies are using cloud ERP to accelerate global expansion across new markets and multiple subsidiaries and business divisions.
This webinar, scheduled for Thursday, September 26, will feature insights and analysis from Paul Hamerman, VP and Principal Analyst at Forrester Research, one of the world's foremost experts on how companies are capitalizing on cloud ERP as a catalyst for global growth. Participants will also hear from a NetSuite customer, who will outline how his company implemented the NetSuite OneWorld global business management solution to support the management of subsidiaries and divisions worldwide.
Some large enterprises have attempted to consolidate multinational and multi-company financials and operations on a single global instance of on-premise ERP, such as SAP or Oracle, only to struggle with lengthy deployments, exorbitant costs and ongoing difficulties with maintenance, inflexibility and integration. Other enterprises, daunted by the cost and complexity of single-instance global ERP, have labored on with the status quo of spreadsheets and manual work to manage and reconcile finances across a distributed business environment, sacrificing opportunities for greater business visibility, unified governance and growth. In the past several years, innovative enterprises have turned to a two-tier model for global ERP, deploying a cloud solution across subsidiaries and divisions that rolls up to on-premise ERP systems like SAP or Oracle at headquarters. NetSuite customers that have successfully deployed NetSuite to manage their global subsidiaries include Land O'Lakes, Olympus and the IEEE, who deployed NetSuite as part of a two-tier strategy to:
Accelerate deployment and time to value. Cloud ERP is frequently implemented in a third to a half the time of a conventional on-premise system, positioning the enterprise to reap rewards much faster.
Dramatically reduce costs. Capital expenditures for a cloud ERP solution are a fraction of those required for an in-house system, with lower ongoing maintenance and total cost of ownership (TCO).
Improve agility for growth. Cloud ERP in a two-tier model supplies agility through real-time visibility into key financial and operational metrics, customization to divisional business needs without reliance on corporate IT, and provides the ability to scale on demand.
Unified governance with local flexibility. Global subsidiaries are empowered to meet local taxation and regulatory requirements while headquarters exercise unified governance across the distributed enterprise.
Today, more than 16,000 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 financials/ERP suites for divisions of large enterprises and mid-sized organisations seeking to upgrade their antiquated client/server ERP systems. NetSuite excels at streamlining business operations as demonstrated in a recent Gartner study naming NetSuite as the fastest growing financial management software vendor on a global basis. NetSuite continues its success in delivering the best cloud ERP/financials suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.
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