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NetSuite Event to Highlight Best Practices for Deploying Cloud ERP

July 8, 2011 by · Comments Off on NetSuite Event to Highlight Best Practices for Deploying Cloud ERP 

Hosting ServicesSAN MATEO, CA — NetSuite Inc. (NYSE: N), the industry’s leading provider of cloud-based financials / ERP software suites, today announced the details of an upcoming webinar designed to help enterprises learn valuable insights and best practices for adopting and integrating cloud ERP across divisions and subsidiaries. The webinar, “Your Playbook for Integrating Cloud ERP into the Enterprise,” will feature best practices and strategies from leading analyst R. “Ray” Wang, Principal Analyst and CEO of Constellation Research, together with first hand insights from Olympus, a division running NetSuite’s cloud ERP within the broader Olympus enterprise. In addition, Darren Cunningham, Vice President, Informatica Cloud (NASDAQ: INFA), will discuss how to integrate cloud solutions with existing IT investments. The event will be held Wednesday, July 13 at 11:00 a.m. PDT (2:00 p.m. EDT). Register now for the event at http://bit.ly/webinartwotier.

This new NetSuite webinar is aimed at enterprises seeking to standardize ERP across their divisions and subsidiaries without incurring the onerous time and substantial costs associated with deploying or expanding traditional on-premise systems. The webinar will cover all aspects of two-tier ERP, and explain how enterprises can leverage cloud ERP as a critical part of their operational strategy, including best practices, first-hand experience, tactics, deployment strategies, and more. Read more

NetSuite Selects Merchant e-Solutions as Preferred Payment Processor for SuiteCloud Platform

April 22, 2010 by · Comments Off on NetSuite Selects Merchant e-Solutions as Preferred Payment Processor for SuiteCloud Platform 

Web Hosting ToolboxSAN FRANCISCO, CA – Merchant e-Solutions (MeS) announced today that it has been selected by NetSuite as its preferred payment provider for merchants and partners. NetSuite introduced the expanded MeS partnership last week during its annual SuiteCloud 2010 Partner Conference.

As an industry leader of global payment solutions, MeS provides NetSuite partners and merchants with an integrated payment platform that includes credit and debit card processing, gateway services, and real-time reporting. Merchants utilizing NetSuite can automatically accept payments through MeS in a secure, real-time environment. The partnership offers innovative electronic payment technology and business expertise to thousands of customers that use NetSuite’s online products and professional services. Read more

Netsuite to Launch First Cloud Computing ERP Suite for Google Apps Marketplace

March 12, 2010 by · Comments Off on Netsuite to Launch First Cloud Computing ERP Suite for Google Apps Marketplace 

Web Hosting ToolsSAN MATEO, CA — NetSuite Inc.(NYSE: N), a leading vendor of cloud computing business management software suites, today announced that it plans to make its cloud computing enterprise resource planning (ERP) suite available in the Google Apps Marketplace, Google’s recently launched online storefront for Google Apps™ products and services. NetSuite’s cloud-based ERP suite enables users to run their key back-office operations and financial business processes—including accounting, inventory and supply chain, order management and business intelligence—with a single, comprehensive SaaS application.

“NetSuite is committed to bringing the power of cloud computing to businesses, so integrating with Google Apps is a logical choice for us,” says Zach Nelson, CEO of NetSuite. “By adding NetSuite to the Google Apps Marketplace, we plan to make it extremely easy for Google Apps customers to get a powerful cloud computing ERP application that works seamlessly with their technology platforms.”
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NetSuite OneWorld Replaces SAP at Vertro, Inc.

March 1, 2010 by · Comments Off on NetSuite OneWorld Replaces SAP at Vertro, Inc. 

Web Hosting ToolsSAN MATEO, Calif. — NetSuite Inc. (NYSE: N), a leading vendor of cloud computing business management software suites, today announced that Vertro, Inc. (NasdaqGM: VTRO), an Internet search and content leader, has moved its ERP operation to the NetSuite cloud. Vertro now manages its accounting, vendor relationships, and financial consolidation for its multiple subsidiaries, located around the world, with NetSuite OneWorld. Vertro selected NetSuite OneWorld to replace SAP BusinessOne.

Vertro, which provides millions of home pages and / or toolbars to Internet users, selected NetSuite OneWorld to replace its SAP BusinessOne installation. In the old environment, subsidiary rollup had to be managed by a cumbersome bolt-on interface, data entry for transactions was tedious, and the CRM support was not integrated. Additionally, the accounting package was “client-based” causing the company to incur additional IT staffing, hardware, administrative, and maintenance expense. Now Vertro entrusts its financial operation, including key procure-to-pay and order-to-cash processes, to NetSuite OneWorld.
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NetSuite OneWorld Is The First Production SaaS Business Suite To Earn Financial Certification In Germany

June 29, 2009 by · Comments Off on NetSuite OneWorld Is The First Production SaaS Business Suite To Earn Financial Certification In Germany 

Webmaster ToolsSAN MATEO, Calif. — NetSuite Inc. (NYSE: N), a leading vendor of cloud computing and integrated business software suites, today announced that NetSuite and NetSuite OneWorld have become the first generally available Software as a Service (SaaS) business management suites to be certified by the German Institute of Auditors (Institut der Wirtchaftsprüfer in Deutschland e.V.). The certification validates NetSuite suitability for use in regional divisions of multinational companies with operations in Germany, or for use by companies headquartered in Germany. NetSuite OneWorld is a complete business application with capabilities that span business functions across the enterprise from Customer Relationship Management (CRM) to Enterprise Resource Planning (ERP) and Ecommerce , and offers businesses the opportunity to lower operating costs and eliminate capital expenditures associated with on-premise systems by moving key business processes to the Cloud.

The certification of NetSuite and NetSuite OneWorld for Germany is based on the German Auditing Standard 880, “Issue and Use of Software Attestation Reports” (IDW PS 880) issued by the Institute of Public Auditors in Germany (IDW), ensuring compliance with Commercial Code (Handelsgesetzbuch), tax regulations defined in the Fiscal Code (Abgabenordnung), IDW Accounting Principles and generally accepted EDP-supported accounting and bookkeeping systems (GoBS). In principle, the Standard requires systems to provide controls, audit trail and reporting capabilities sufficient for a business to deploy Sarbanes-Oxley–like policies and procedures. The audit also covered the extraction of defined master data and transactional data from the system database into external files, allowing data relevant for taxation to be analyzed outside of NetSuite with standardized audit software routinely used by the German tax authority.

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