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.
Automatic integration with vendors to support timely fulfillment NetERP also integrates with vendors to support fulfillment such as automatic
drop shipping on items not held in inventory. When an order is entered,
a purchase order is automatically created and routed to the appropriate
vendor who then seamlessly fulfills the order. In addition, NetERP seamlessly
ties together multiple locations in a single view, serves as an extension
to a CRM system and provides customizable reporting capabilities with more
than 100 pre-configured and customizable reports.
NetERP delivers customized financial statements
NetERP provides standard professional financial statements and allows users
to define customized financial reports catered to their specific needs.
It also allows users to customize the layout, content, and language in
ways that let them view the critical information they need to make more
informed decisions.
NetERP is customizable to specific business needs
Built-in configuration and customization capabilities allow each business
to tailor NetERP to meet their specific needs and business processes. And
[e1]customization is automatically carried forward across product releases,
rather than requiring expensive re-implementation by a consulting team.
Standards-based integration technologies allow data-migration and ongoing
data exchange with legacy and/or vertical-specific third party applications.
CRM + ERP = NetSuite
NetERP can be implemented as a point solution for managing the back-office
business processes only. However, as a result of the single application
architecture philosophy pioneered by NetLedger it can be upgraded to the
NetSuite product offering at the click of a button to incorporate front-office
functionality for marketing, sales and support operations. The lack of
CRM integration with ERP is one of the major contributing factors to the
disappointing lack of ROI improvement many companies have endured these
last few years. With all of the business data residing in a single database
and accessible in real-time by an application that has been designed from
the ground-up to integrate business processes, NetSuite provides unparalleled
up-to-the-moment intelligence for decision making for all users - from
sales people, to warehouse manager to customer support representative to
Controller to CEO.[e2]
Pricing and Availability
NetERP is currently in Beta testing. It will be delivered to current subscribers
of NetSuite during August and September for no additional charge during
their subscription period. NetERP will be made generally available in
September both as a stand-alone offering, as well as part of the NetSuite
integrated ERP/CRM solution.
NetERP is priced at $4,800 for the first user, per year, with each additional
user priced at $75 per user, per month.
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. The company`s products, which
include NetERP, NetCRM(tm), NetSuite(tm) , and Oracle Small Business Suite,
have 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. NetLedger also provides enhanced, integrated solutions through
its strategic relationships 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.
[e1]Actually there is custom code, which is carried forward EG Custom Records and Forms are also carried forward across releases, though.
CS
[e2]Run on!
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