Oracle NetSuite Corporate Communications
Senior Director, Global Communications
SuiteAnalytics Gives Businesses of All Sizes Real-time, Actionable Business Intelligence—Without Data Warehouse
LONDON and SAN MATEO, Calif.—June 21, 2007—NetSuite, Inc., the leading on-demand vendor of integrated business management application suites for small and medium-sized businesses, or SMBs, today launched SuiteAnalytics, bringing business intelligence to growing businesses without the complexity, time and cost required by traditional data warehouse systems. SuiteAnalytics integrates pre-built dashboards and pre-configured key performance indicators with powerful new customizable analytics capabilities—including for the first time the ability to embed Excel-like formulas in any NetSuite Performance Scorecard or saved-search report. Best of all, SuiteAnalytics is currently included in all NetSuite software-as-a-service (SaaS) offerings at no charge, delivering powerful business analysis that is easy enough for any executive, line-level manager or individual user to leverage. For more information about NetSuite SuiteAnalytics please go to www.netsuite.com/suiteanalytics.
Companies have struggled for decades trying to tie together their disparate software applications to manage their businesses. If they are able to assemble a series of solutions to address a business process, they often cannot get cohesive information they can trust out of the resulting menagerie of packages. This forces them to try and build data warehouses by which they can attempt to consolidate, rationalize, and time-synchronise the data for analysis, a resource-intensive, costly and error-prone process that can cost millions and result in marginal business benefit. In addition, the data warehouses are accessible only by a limited number of business analysts who know the "magic" proprietary programming language or procedures to extract the data from such systems.
"NetSuite delivers integrated business management with a cost-effective delivery model—software as a service—to growing and mid-size businesses, said Zach Nelson, CEO of NetSuite. "SuiteAnalytics is a giant leap forward that lets users get real-time business intelligence—out of the box, at no additional cost to users, in a familiar format that is easy to use."
NetSuite's New SuiteAnalytics Changes the Economics and Accessibility of Business Intelligence
Because NetSuite acts as a central repository for the core business data of a company, it serves as a de-facto data warehouse. The new SuiteAnalytics tools provide employees at all levels of the company the power to mine the data—not with arcane programming languages in the following areas:
In addition to these new analytic capabilities introduced, SuiteAnalytics serves as the delivery platform for these existing business intelligence capabilities of NetSuite:
Pricing and Availability: SuiteAnalytics features will be available with NetSuite 2007.0 in the standard NetSuite service which rolls out to customers from June to August 2007. NetSuite starts at $499/month and $99 for each user per month. ODBC connectivity to 3rd party BI packages has an incremental flat fee of $399 per month.
For more information about NetSuite, visit: www.netsuite.com.
NOTE: NetSuite and the NetSuite logo are service-marks of NetSuite, Inc.