Contact:
Mei Li
Senior VP, Corporate Communications
Phone: 650.627.1063
E-mail: meili@netsuite.com
NetSuite, Inc.
NetLedger Announces NetLedger™ 2.5, an Enhanced
Web-Based Accounting Solution with Easier Navigation
and Greater Accounting Functionality
San Mateo, Calif. – March 1, 2000 – NetLedger,
Inc., the world's first provider of a Web-based accounting
solution for small businesses, today announced the release
of NetLedger™ 2.5, its enhanced online accounting
solution enabling small businesses and organizations
to improve the efficiency of managing their finances.
NetLedger 2.5 delivers a full-featured, multi-user,
online accounting solution with greater functionality
and ease of use, built on the robust, reliable and secure
Oracle 8i database.
The newly enhanced NetLedger 2.5 delivers collaboration
features permitting businesses to work closely with
their customers and vendors, streamlines navigation
and provides users with more reporting capabilities
while continuing to deliver a full suite of features
critical to small-business accounting such as check
writing, general ledger, invoicing and receivables.
The monthly fee for NetLedger 2.5 remains the same:
$4.95 per month per user.
“NetLedger delivers to small businesses and organizations
a level of accounting functionality that matches their
businesses and security needs,” said Bill Mirbach,
president and chief executive officer of NetLedger,
Inc. “With each new release, our objective is to
reduce the time a business owner spends on this laborious,
but essential business process, and thereby increase
the time they have to focus on staying ahead of the
competition. NetLedger is about leveling the playing
field for small businesses.”
“Because NetLedger is Internet based, we are able
to introduce new features and enhancements to our customers
very quickly,” said Evan Goldberg, founder and
chief technical officer of NetLedger, Inc. “The
customer simply signs on from any Internet-ready computer
anytime, anywhere and is ready to go with all of the
latest feature enhancements that NetLedger offers.”
About a dozen new features were incorporated into NetLedger
2.5 based on customer suggestions, along with several
major enhancements designed to make NetLedger even more
user friendly, flexible and efficient. NetLedger's small
business customers are upgraded to NetLedger 2.5 automatically,
without time delays or costs.
New features of NetLedger 2.5 include:
An online credit-card-paying system that enables NetLedger
small-business users to give their customers the ability
to make direct electronic payments to their accounts.
Streamlined navigation that uses tabs to allow customers
to view all available functions at the top level and
move from function to function with ease.
The ability to import data or information created in
a QIF format.
“Drill down” capabilities that allow the user
to delve deeper into a report by, for example, reviewing
the individual transactions that lead to its creation.
The addition of several reports commonly used by small
businesses including trial balance, vendor list, chart
of accounts, employee list and item list.
Some of the many enhancements implemented based on customer
suggestions include pop-up calendars, account lists
that show most recent transactions first, and the option
to sort accounts numerically or alphabetically. NetLedger
2.5 also includes a set of sample data that customers
can use during the 30-day free trial period to experience
for themselves NetLedger's simple design and flexible
accounting functionality.
For more information about NetSuite please visit our
Web site at www.netsuite.com.
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