SVP, Corporate Communications
New Software Enables Divisions of Large SAP Legacy Accounts to Manage Multinational, Multi-Sub Business Operations in Real-Time
SAN MATEO, Calif.—April 14, 2009—NetSuite Inc. (NYSE: N), a leading vendor of on-demand, integrated business management software suites for the mid-market enterprise and divisions of large companies, today announced a new version of NetSuite OneWorld that lets large SAP enterprise customers enjoy the cost savings and efficiency benefits of Software as a Service (SaaS) business suites and cloud computing at the divisional level while retaining its current investment in SAP on-premise systems at the corporate level. With NetSuite OneWorld for SAP, large SAP legacy accounts can now use NetSuite's leading on-demand application to manage multinational, multi-subsidiary business operations in real-time and then roll-up division-level transaction and summary data to gain a key enterprise-wide view of business operations. For more information about NetSuite OneWorld for SAP, please visit http://www.netsuite.co.uk/OneWorldforSAP.
This new offering from NetSuite targets a huge market opportunity that is gaining significant attention in the current declining economy as large enterprises struggle to control costs and gain greater efficiencies across key business processes. While some companies spend vast sums on corporate implementations of integrated suites like SAP, these business software systems often fail to deliver the functionality and flexibility to manage the processes that drive the multiple divisions and lines of business that make up today's typical large, multinational corporations. In order to compete effectively, these divisions often need software systems that are more malleable, customisable and flexible than that which is provided by the corporate parent company. NetSuite OneWorld helps to address this need by delivering a modern, cloud-based software system that enables the management of complex, multinational and multi-subsidiary companies, and that also integrates with existing SAP implementations.
"NetSuite OneWorld for SAP enables large companies to keep their investment in legacy business applications, while deploying a modern, web-based business application suite that reduces costs and helps make their divisions more competitive and employees more productive," said Zach Nelson, CEO of NetSuite.
"NetSuite is looking to exploit one of the gaps in SAP's strategy by offering a cost-effective product for smaller sites. NetSuite intends to link the hub and spokes via the new SuiteCloud Connect for SAP. This is a product and services offering that allows SAP customers to roll up transactional data generated by NetSuite applications, including invoices, purchase orders, shipments, inventory adjustments, invoicing, and order and payment integration with point-of-sale (POS) systems," said Bruce Richardson, Chief Research Officer at AMR Research. "NetSuite is positioning its product as more functional than SAP Business One and less expensive and complex than SAP Business All-in-One and the SAP Business Suite. It does have some customer references to prove its argument." ("When Clouds Collide: NetSuite Storms Into SAP's Atmosphere," AMR Research, Inc.)
SuiteCloud Connect for SAP
Key to NetSuite OneWorld for SAP is a new integration offering called SuiteCloud Connect for SAP. SuiteCloud Connect for SAP is a product and services offering that enables SAP customers to roll-up data to their SAP system at the corporate level and any data that was captured and used in NetSuite OneWorld at the divisional level. For example, using SuiteCloud Connect for SAP, a user could roll-up general ledger, order and revenue information from NetSuite to SAP for aggregate financial reporting purposes.
The depth and breadth of the APIs available with SuiteCloud Connect for SAP enable numerous SaaS ERP integration scenarios, including:
About NetSuite OneWorld
NetSuite OneWorld is to date the first and only announced on-demand system to deliver real-time subsidiary management and business consolidation capabilities to mid-market companies for front-office, back-office and ecommerce operations. Prior to NetSuite OneWorld, often only large companies willing to spend millions of dollars and even tens to hundreds of millions of dollars could approach such levels of business integration. Midsize companies using traditional applications such as Microsoft Dynamics GP (often referred to as Great Plains) could achieve a low-level of business integration, but often only see limited consolidated financials of suspect value. Of course, large systems such as SAP or mid-market systems like Microsoft Dynamics GP are not delivered as native web-applications, so any attempt at limited business consolidation required large expenditures in IT costs and systems management.
NetSuite OneWorld makes real-time, global business management feasible for the first time by combining a mature, multi-company business application suite with cloud computing delivery. The new release adds a key enhancement to NetSuite's One System data model to enable multiple companies and subsidiaries to operate in a single database instance. This re-architecture, perhaps the biggest product enhancement since the introduction of NetSuite itself, provides the product's signature capability to deliver deep and locally/nationally appropriate functionality (currency, taxation, language, reporting, dashboards, etc.) while providing for instantaneous global roll-up, visibility and compliance management. NetSuite's native SaaS delivery model enables the OneWorld functionality to be accessed anywhere simply by opening a browser, and eliminates enormous IT issues associated with traditional approaches to global business management. The combination of the new NetSuite OneWorld capabilities and NetSuite's cloud computing delivery platform eliminates the cost and technology barriers facing midsize companies operating globally.
For more information about NetSuite, please visit www.netsuite.co.uk.
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