Companies Automate Back-Office and Online Operations At a Fraction of the Cost and Pain
San Mateo, Calif., July 30, 2003 - NetLedger, Inc., makers of Oracle(r) Small Business Suite, today announced that mid-sized enterprises have switched from traditional back-office software including Microsoft Great Plains and MAS 90 driven by its newly announced NetERP. The newly announced NetERP is a complete back-office application integrating order, inventory, and procurement business process management with robust financials to provide supply chain management and e-commerce for mid-size businesses. The Oracle Small Business Suite name is used under license from Oracle Corporation (NASDAQ: ORCL).
NetERP is an inseparable component of NetLedger`s award-winning NetSuite. The software applications utilized by most mid-sized companies do not allow business processes to run seamlessly across front and back-office functions. These companies run their business on separate, expensive software packages - one for accounting, one for warehousing, one for sales force management and one for customer support. Additionally, the ongoing cost of running the software and integrating data from such multiple, incompatible systems has been high. NetERP addresses the issues associated with the back-office of a business. Because NetERP ties together with CRM, NetSuite helps mid-sized businesses overcome these challenges.
"Many companies have not upgraded their back-office software since they updated it to solve the Y2K problem," said Zach Nelson, CEO of NetLedger. "In 2003, they now have new problems to address -- integrating with business partners, seamlessly supporting e-commerce, and tying together operations spread around the globe. They find that their new problems are very difficult to be solved by archaic software architectures and solutions. Mid-sized companies spend millions of dollars tying together an accounting system from one vendor with CRM software from another vendor. NetSuite, by integrating complete ERP and CRM functionality in a single, easy-to-use application, eliminates these costs completely."
Many mid-sized companies have replaced Great Plains software and MAS 90 and standardized their businesses on NetERP. These companies have saved an enormous amount of time and money while improving productivity since implementing NetERP.
"The ease of use of NetERP within NetSuite compared to Great Plains was one of our key deciding factors," said Matt Lane, MIS Director at RLE Technologies (www.rletech.com), a manufacturer of water leak detection and web-enabled monitoring products, based in Fort Collins, CO. "Training our employees is so much easier now. Before we spent hours re-educating new employees with Great Plains. NetERP is also much less expensive. Adding Microsoft`s CRM package to our existing solution would have cost an additional $20,000 in hardware, software, and consulting fees. All in all, we wish we would have known about NetERP/NetSuite sooner but we are very pleased to have it now."
"For years our information resided on three different systems," said Joe Walker, Vice President, Elcometer Inc. (www.elcometer.com), a distributor of paint inspection instruments. "Those systems were FilePro for our database, GoldMine for our customer contacts, and Great Plains/Real World for our accounting. We had to input data between those systems four times. In short, it was a nightmare. What we needed was a one-stop shop. I looked for two years for something to replace Great Plains. To have one Web-based application for everything I need to run my business seems so simple, yet in today`s business environment it is truly unique. I think NetLedger really nailed it down with NetERP, the back-office application and of course its complete front- and back-office solution, NetSuite."
"With MAS 90, setting up the product was difficult and expensive because we had to pay for a consultant" said Allan Rosenthal, CPA and principal at Allan Rosenthal & Associates (www.rosenthalcpa.com). "And having to swap disks or meet with our clients every time we needed to work on the records was extremely inconvenient and inefficient. With NetERP/NetSuite we can access our clients` information from anywhere. We are saving $24,000 annually for each of two clients, and our annual revenue has increased by $36,000."
"After investing over $65,000 in Great Plains, it didn`t fulfill our needs in many areas including reporting," said Joey Occhiuto, owner of Artemide Canada, a subsidiary of The Artemide Group (www.artemide.com), a manufacturer of high end design lighting fixtures with production centers in Italy, France, Germany, the USA, Hungary and the Czech Republic. "For a lower-priced integrated ERP system, I have enjoyed superior reporting, invoicing, and ordering. I like the fact that our financials are now tied to the automated front-office functions, and we can do such things are email and fax our customers straight out of the system. And there`s no comparison in how much easier to use NetERP/NetSuite is than Great Plains."
Delivered as online services, NetLedger`s products enable companies to manage all key business processes in a single, integrated system. There is no hardware to procure, no large, up-front license fee, no maintenance fees associated with hardware or software, and no complex set-ups. Since NetLedger`s first online application launch in 1999, the company has surpassed the 7,000-customer milestone, making it the leading provider of integrated online ERP/CRM application services for small and mid-sized businesses.
About NetLedger, Inc.
Founded in 1998, NetLedger, Inc. is a leading provider of ERP and CRM application software for small and mid-sized businesses. In addition to NetLedger(tm) Advanced Accounting, NetCRM(tm), and NetSuite(tm), NetLedger`s products also include Oracle Small Business Suite, which has won many prestigious industry awards, such as the PC Magazine Editors` Choice Awards in 2001 and 2002; PC World Best Bets 2001; PC World 2001 World Class Award; Forbes.com`s Best of the Web 2001 and 2002; and Upside Hot 100 2002. Recently NetLedger`s NetSuite has won five stars out of five from PC Magazine. NetLedger also provides enhanced, integrated solutions through its strategic partnerships including Yahoo! Inc. (Nasdaq: YHOO), Paytrust, and Innovative Merchant Solutions. The company currently has more than 7,000 companies using its products and the company`s investors include Larry Ellison, StarVest Partners L.P., ADP and PaineWebber. For more information about NetLedger visit www.netledger.com.
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