NetERP Unifies Supply Chain and Back-office Processes for Mid-sized Enterprises

SAN MATEO, CA. July 30, 2003 - NetLedger, Inc., makers of Oracle(r) Small Business Suite, today announced NetERP, a complete back-office application integrating order, inventory, and procurement business process automation with robust financials to provide supply chain management and e-commerce for mid-sized businesses. NetERP includes complete automatic website generation, website hosting, and e-commerce capabilities, enabling mid-sized enterprises to bring back-office data (inventory availability, customer specific pricing terms, etc.) and processes (order-to-cash, procure-to-pay) to the Web without pain or additional fees. NetERP also advances the company`s strategy to augment its core product offerings to meet the needs of specific industries by adding a host of new features targeting companies in wholesale and distribution markets. Finally, NetERP provides users with customizable real-time dashboards with up-to-the moment information for well-informed decision-making. The Oracle Small Business Suite name is used under license from Oracle Corporation (NASDAQ: ORCL).

ERP (Enterprise Resource Planning) applications have traditionally only been available to large businesses with correspondingly large IT budgets. Typical ERP implementations require lengthy, expensive consulting projects to perform initial installation and application integration and require substantial ongoing maintenance. Mid-sized companies often need to automate similarly complex business processes, but have far fewer resources available to address these issues. They have, therefore, had to live with multiple disparate systems in which data is maintained in separate silos for each department and which is brought together periodically in order to prepare financial statements.

NetERP provides an advanced, Web-based solution that meets the needs of these mid-sized businesses. It is built on a single data store so that traditionally separate applications like financials, inventory management, order management and e-commerce are now managed in a single data repository. It includes deep functionality usually only found in much more expensive solutions such as serialized inventory, units of measure, matrix item management, and bar coding. NetERP enables companies to extend their operations to business partners, vendors and customers via a complete integrated Web hosting and e-commerce capability. For internal system users, NetERP`s powerful customizable "dashboards" allow core functionality to be accessed easily, and data to be displayed quickly and informatively. Finally, NetERP, when included in the company`s NetSuite solution, is integrated with front-office functionality to provide complete business process automation from contact to contract to cash.

"NetERP lets mid-market companies automate their back-office business processes without the headaches, hassles and costly implementation cycles of traditional enterprise software," said Zach Nelson, CEO of NetLedger. "NetERP`s integration of complete Web-hosting and e-commerce technology allows our customers to easily extend their enterprise systems for on-line, business-to-business transactions."

"Larger vendors are forcing mid-sized suppliers to transact business on-line, and businesses are struggling to find a cost-effective way to meet this requirement quickly," said Helen Chan, SMB analyst at the Yankee Group. "NetERP`s integration of an ERP-class solution with complete Web hosting and e-commerce capabilities is an innovative offering that allows mid-sized suppliers to move their business processes to the Web quickly and rapidly, without the expensive upfront licensing and integration costs of higher end solutions."

NetLedger is a recognized leader in bringing to market advanced on-line solutions for comprehensive, affordable business management. Since its introduction in 1998, more than 7,000 customers have licensed the company`s products. NetERP is the next leap forward for NetLedger`s advanced accounting technology that has been delivering sound, auditable financials since 1999. NetERP provides mid-sized businesses with a back- office with a view through the following functionality:

NetERP introduces large enterprise capabilities at mid-market prices NetERP encompasses features currently available in NetSuite, its integrated ERP/CRM solution, including multi-company consolidation and multi-currency, multi-location inventory and robust financials. NetERP adds advanced capabilities such as serialized inventory, multiple units of measure, matrix option items, and quantity-based pricing to bring a level new level of functionality to mid-sized companies.

NetERP provides real-time e-commerce including Web site, Web store, customer, vendor and employee portals NetERP includes full-featured B2B/B2C e-commerce capabilities at no extra charge. Companies can configure a fully personalized Web site portal to service business customers, including customer-specific price levels, terms-based purchasing, with catalog item availability based on inventory status at the moment of order. Proactive notifications alert users to events requiring their immediate attention, thus accelerating business process cycles for greater customer service. A full service, password-protected customer center is built in for customers to check order status, view open invoices, and make payments online. Other features also include item matrix options (for example, different size and color combinations of a shirt can be managed together but tracked separately for inventory), quantity-based price breaks, and cross-selling with related items. Businesses can also create audience-specific content sections, making them available only to certain customers, vendors or employees. NetERP`s unique customer, vendor and employee portals leverage a company`s Internet presence to improve communication with those important stakeholders.

NetERP provides the link in the supply chain

Tying procurement, inventory, order management and billing processes together in a single application, NetERP supports a company`s entire supply chain, providing feedback to users at every step. For example, at the point of entry of a sales order the user is provided item availability information that is updated in real-time based upon what has just been received in the warehouse or what has just been ordered by other customers - even if they ordered online through the Web store!

Real-time business intelligence via customizable dashboards
NetERP is the only mid-market hosted business management solution that offers real-time business intelligence via real-time dashboards, providing information such as best selling items, top customers, AP/AR, bank balances, reminders such as orders to approve, to fulfill, purchase orders to bill, bills to pay, returns to authorize. The dashboard can also be customized for roles including warehouse managers, providing them with shipping receiving, return authorization and inventory management.