NETSUITE 9.0 SHATTERS USABILITY AND FUNCTIONALITY BARRIERS
More Than Ever Before, an Online Integrated Suite is the Best Choice to Run a Growing Business
San Mateo, CA and New York, NY – Sept.18, 2003 – NetSuite, Inc., today unveiled
NetSuite 9.0, a major enhancement of its award-winning, flagship business application.
With the addition of new features and enhancements, NetSuite 9.0 delivers intelligent
and complete functionality that automates CRM, ERP and Web operations for mid-sized
companies. Designed around a user-specific "dashboard" user interface, NetSuite
9.0 provides the real-time information and advanced functionality to meet complex
and sophisticated business needs at a fraction of the cost of traditional software.
Many of the features added to NetSuite 9.0, particularly new advances in the
dashboard user interface, will also be available in the company’s Oracle® Small
Business Suite. The Oracle Small Business Suite name is used under license from
Oracle Corporation (NASDAQ: ORCL).
NetSuite 9.0 adds deep functionality to every aspect of the product. As importantly,
it supports new features that create the most advanced user interface of any
business application – hosted or not – and builds business intelligence features
into the core application. NetSuite 9.0 delivers many new "first and only features"
including:
First and only business application with built-in customizable dashboard views
based on user roles. The patent-pending, role-specific dashboard includes a new
capability that allows information "portlets" to be dragged and dropped anywhere
on the user dashboard. Additionally, a new "Key Performance Indicators" portlet
brings business activity monitoring front and center by allowing period-over-period
performance comparisons.
First and only Web-based business application with "Xtreme List Editing."
While
available in some desktop products, list editing has never been available in
an online product. With NetSuite Xtreme List Editing, customized lists can be
edited right from the user dashboard, without having to enter the actual record
or form being modified.
First and only mid-market product with commission management and payment.
First and only mid-market solution with recurring billing. NetSuite tracks when
the next bill is due and automatically creates it based on complex billing terms.
First and only mid-market application with matrix items. Inventory items that
are described by multiple attributes (e.g. shirts of different sizes and colors)
can be automatically generated by NetSuite. There is no limit to the number of
attributes that can describe a group of items, allowing thousands of inventory
items to be created and coded in a matter of seconds.
First and only online product with advanced features for product distributors
including serialized inventory; pick, pack and ship; units of measure; bar coding;
and quantity pricing.
First and only application with complete UPS integration. NetSuite, Inc. is the
first software company to receive the entire UPS shipping API, allowing the product
to handle shipping like no other business application (see the accompanying release
"NetSuite 9.0: First Mid-Market Business Solution to Integrate UPS Online Shipping").
First and only ERP/CRM solution with integrated e-commerce. NetSuite 9.0 can
generate a database-driven Website automatically; can host Web pages; and can
draw on inventory data, pricing data and other information held in the application.
Such data only need be entered once into NetSuite, and the Website is automatically
generated and updated. As well, all orders placed on the Website automatically
leverage the back-office processes (shipping, invoicing, customer-specific terms,
etc.) as defined by the NetSuite users. Customer and vendor portals are also
generated in the same way, allowing business-to-business transactions to be conducted
with no additional programming or system integration.
In addition, NetSuite 9.0 adds a host of other features that ease transactions
crossing departmental boundaries. Features such as mail merge, streamlined activity
tracking, advanced searching, expanded report options, and easier customization
will make more than 7,000 companies using the NetSuite family of products even
more productive.
"NetSuite 9.0 shatters the myths about the capabilities of online products,"
said Zach Nelson, CEO of NetSuite. "Not only does NetSuite have the capabilities
previously available only in incredibly expensive and complex software products,
its user interface and single database approach also deliver that functionality
much more easily and productively than traditional software products could ever
hope to do."
"The most important customer relationship data – what a customer bought, how
it was shipped to them, what a customer’s terms are – are traditionally held
in an ERP system," said Denis Pombriant, VP and Research Director of CRM at Aberdeen.
"NetSuite 9.0 breaks the limitations of traditional CRM systems by integrating
complete back-office and front-office systems in a single application.
For the
first time, midmarket companies can go from lead to sale to shipment to service
without ever having to integrate data from disparate systems."
Small and mid-sized businesses have been forced to buy separate, and expensive,
software packages to run their business – one for financials, one for order fulfillment,
one for sales force automation, one for customer support. Then, they spend an
even greater amount of money on the hardware to run the software, and on the
resources to install the software, and on the effort to integrate data from those
incompatible systems. Typical implementations run well over $250,000, and that
is before factoring in the internal IT resources required to manage these complex
systems and the ongoing software and hardware maintenance cost of 20 to 30 percent. NetSuite eliminates this cost and complexity. NetSuite enables companies to manage
all key business operations in a single, integrated system, which includes customer
relationship management; customer support; accounting and payroll; warehousing
and product assembly; Web store and Web presence; and employee productivity.
In addition, NetSuite is delivered as an online service, so there is no hardware
to procure, no large, up-front license fee, and no complex setups. NetSuite also includes the most advanced customization capabilities of any application
service. NetSuite`s customization capabilities include a set of integrated, custom
record creation and management tools – NetBase™. NetBase makes NetSuite completely
extensible to the specific needs of each business, allowing the business to define
its own custom data records with complex relationships between each other and
existing records/transactions. Custom code can be added via industry standard
JavaScript® to define specific validation and calculation behavior for custom
fields. Additionally, NetSuite provides real-time, system-to-system XML data
exchange capabilities allowing integration with other Web-based or legacy vertical
applications.
Pricing and Availability
NetSuite 9.0 is available now, with an entry-level price of $4800/year for two
users. Each additional user can be added for $75 per month. Existing NetSuite
customers receive the new features at no additional charge to their current subscription.
About NetSuite
Founded in 1998, NetSuite, Inc. is a leading provider of ERP and CRM application software for small and mid-sized businesses. Formerly known as NetLedger, the
company’s products include the flagship products NetSuite and Oracle Small Business
Suite as well as NetERP and NetCRM. The company is the largest application service
provider of midmarket business applications with more than 7,000 companies having
licensed its products. The company’s products 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. NetSuite also provides enhanced, integrated
solutions through its strategic partnerships including Oracle, (Nasdaq: ORCL),
Yahoo! Inc. (Nasdaq: YHOO), HP (NYSE: HPQ) and VeriSign (Nasdaq: VRSN). The company’s
investors include Larry Ellison, StarVest Partners L.P., ADP and UBS PaineWebber.
For more information about NetSuite visit www.netsuite.com.
Trademark
Oracle is a registered trademark of Oracle Corporation and/or its affiliates.
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