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.
Trademark
Oracle is a registered trademark of Oracle Corporation and/or its affiliates.
Contact:
Mei Li
NetLedger
650/627-1063
meili@netledger.com
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