NETLEDGER EXCEEDS 6,000 LICENSEES OF ITS APPLICATION SERVICES
Survey of Customers Shows Average ROI of More Than 400% Achieved in a Payback
Period of Less Than One Quarter
SAN MATEO, CA. December 3, 2002 - NetLedger, Inc., makers of Oracle(r)
Small Business Suite, today announced that its application suites have
surpassed the 6,000 customer milestone since its first product launch in
1999, making it the leading provider of integrated online ERP/CRM application
services for the small and medium business market. These 6,000 companies
have licensed NetLedger`s award-winning products including Oracle Small
Business Suite, NetSuite(tm), NetCRM(tm), and NetLedger(tm) Advanced Accounting.
The Oracle Small Business Suite name is used under license from Oracle
Corporation (ORCL).
A large number of NetLedger`s customers left traditional software packages
or even Web-based point solutions for NetLedger`s completely integrated
ERP and CRM solution in order to reduce their costs and increase productivity.
Based on a September 2002 ROI study, Oracle Small Business Suite costs
much less to run a business than multiple disparate software packages and
saves businesses a significant amount of time in managing their business
processes. The results show Oracle Small Business Suite has generated
an average savings of over $21,000 per year, which translates to a return
on investment (ROI) of over 400%. These results are achieved in a payback
period of less than one quarter.
"The only thing we can attribute our success to is our customers` success,"
said Zach Nelson, president of NetLedger. "The ROI that our customers
have achieved is due to the ability to get up and running in a matter of
weeks, versus months with traditional software. And the front- and back-office
integration not only saves them time, it also improves their productivity
and business visibility."
NetLedger`s customers are found in all industries, including wholesale
distribution, retail, professional services, manufacturing, non-profit,
and technology. Additionally, a growing number of divisions and subsidiaries
of large enterprises such as TRW and DuPont have become NetLedger`s customers.
NetLedger also has hundreds of customers outside the U.S. Recently the
company has partnered with BT to expand distribution in the UK.
One of NetLedger`s newest customers is WildPackets, Inc., a multi-million
dollar provider of network analysis software. After its Walnut Creek,
Calif. headquarters were destroyed by fire on July 15, WildPackets was
forced to reassess key applications deployed over the past 12 years. "We
had started integrating our ERP and CRM systems before the fire, but our
recovery dictated accelerated research and implementation," said Mahboud
Zabetian, WildPackets` President and CEO. "We chose NetLedger`s products
because they seamlessly integrate front-office and back-office functionality,
are built on Oracle technology and we could get up and running very quickly.
We also anticipate being able to manage our rapidly-expanding, multi-location
business more effectively and much more affordably with this software."
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 accounting application launch in 1999, the company
has expanded its product offerings by delivering completely integrated
ERP and CRM suites, including Oracle Small Business Suite for companies
up to 100 employees and NetSuite for companies with fewer than 500 employees.
NetLedger also has two stand-alone products such as NetLedger Advanced
Accounting for companies that want to start with accounting, and NetCRM
for companies that want to start with CRM and sales force automation. NetLedger
provides the easy upgrade capability for these two stand-alone packages
to its suite products.
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. 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 6,000 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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