NetSuite Version 2009.2 Localized for Use by Philippines-Based Businesses Certified by Bureau of Internal Revenue
SAN MATEO, Calif., and MAKATI CITY, Philippines—October 22, 2009—NetSuite Inc. (NYSE: N), a leading vendor of cloud computing business management software suites, today announced that it has doubled its Manila operations, strengthening the company's deep ties to the Philippines market and signaling its commitment to build on its position as the Philippines' largest and leading cloud computing applications vendor. The company also announced NetSuite Version 2009.2, a new localized product designed to meet the requirements of the Philippines Department of Finance Bureau of Internal Revenue with key tax compliance, reporting and data export requirements. For more information about NetSuite's international operations, visit www.netsuite.co.uk/international.
"Manila's solid infrastructure, business-friendly environment, and top-notch educational system have contributed enormously to NetSuite's success," said Zach Nelson, CEO of NetSuite. "Furthermore, the acceptance of our cloud-based business applications by global companies headquartered in Manila is a great testament to the strength of NetSuite in meeting the needs of local industry leaders."
Manila, which today serves as a key center for NetSuite's global technical support, services and back-office operations is expanding to include product development and quality assurance capabilities. The growing office, which now employs nearly 300, has helped NetSuite establish itself among some of the Philippines' leading companies, with household-name customers such as Jollibee, ABS-CBN, Diamond Fleet Management System and MOTECH Automotive Education Center, Inc.
Established in January 2007, NetSuite's Manila office is the company's largest office location outside the United States. NetSuite's Philippines efforts are led by James Dantow, General Manager and Vice President of Worldwide Support. Mr. Dantow has business experience on five continents, specializing in BPO and IT services in multiple industries and sectors. He holds an MBA from the School of Business at Queen's University, Kingston, Canada.
NetSuite Version 2009.2
NetSuite Version 2009.2 has been localized to meet the requirements of the Philippines Department of Finance Bureau of Internal Revenue with key tax compliance, reporting and data export requirements. The Bureau of Internal Revenue has endorsed the localized offering by awarding certification for NetSuite to use the product itself for its local operations in Manila.
Key NetSuite Customers
Jollibee Foods Corporation (www.jollibee.com.ph)
One of the world's largest fast food chains, Jollibee operates over 1,800 stores in Asia and North America.
"If we used a platform like Oracle worldwide, it would require significant capital investment and a lot of resources, including a large IT team to implement and maintain the system in each country," said Ysmael Baysa, CFO, Jollibee. "NetSuite provides all the capabilities we need internationally, in a timeframe and at a cost that supports our continued growth and development."
ABS-CBN Global (www.abs-cbn.com)
ABS-CBN Global is the international content distribution subsidiary of ABS-CBN Broadcasting Corporation, the Philippine-based multi-media conglomerate.
"NetSuite makes it easier to evaluate and enhance our products, and to create new bundles of services for different customers," said Genemar Simpao, CIO of ABS-CBN Global. "NetSuite provides the functionality and flexibility we needed, and a single version of the truth, with a reduced initial cost outlay."
Diamond Fleet Management System (www.diamondfleetmanagement.com)
Operator of Diamond Rent a Car, the leading car rental company in the Philippines, and GetSmart Rent a Car. Other divisions include: Diamond Truck Rental, Buenaflor Insurance, and Pronto Auto Services.
"NetSuite has consistently improved our awareness of every aspect of the company and thus improving decision-making, which is why we are committed to expanding it to all of our operating divisions," said Quincy Buenaflor, VP-Operations, Diamond Fleet Management System.
MOTECH Automotive Education Center Inc. (www.motech.com.ph)
MOTECH Automotive is a Philippine-based chain of automotive service centers with over 20,000 customers.
"We were able to open two more branches this year, thanks to NetSuite," said Eugene Naguiat, President of MOTECH Automotive "Setting up shop now only takes a few weeks instead of the months it took with our previous system."
Business Cloud Seminar
To signify the growing importance of the Philippines to NetSuite, Mr. Nelson will be the keynote speaker at a seminar event entitled "The Business Cloud," Thursday, October 22. Mr. Nelson will be joined by C-level executives from NetSuite user companies for a panel discussion, including luminaries such as Joaquin "Jajo" Quintos, president and CEO of Prople Inc. and former head of IBM Philippines; Quincy Buenaflor, VP-Operations, Diamond Fleet Management System; and Ysmee Baysa, CFO of Jollibee. For more information on this event, please visit www.netsuite.co.uk/ph_seminar.
About Zach Nelson
An accomplished software industry leader, Mr. Nelson became CEO of NetSuite in 2002 after establishing executive credentials at some of the most influential and innovative technology companies of the past 20 years. His executive experience in sales, product development, marketing, and strategy at Oracle, Sun Microsystems, and McAfee/Network Associates provided the experience and vision to take NetSuite from startup to NYSE-listed success story with over 6,600 customers.
NetSuite Inc. (NYSE: N) is a leading vendor of cloud computing business software suites. NetSuite enables mid-market companies to manage core business operations in a single system, which includes Accounting / Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and Ecommerce. NetSuite's patent-pending "real-time dashboard" technology provides an easy-to-use view into up-to-date, role-specific business information. For more information about NetSuite please visit www.netsuite.co.uk.
NetSuite opened its first office in the Philippines in January 2007 in Makati City and has more than 300 employees there. NetSuite's Philippine operations include software architecture and integration, finance and back-office support, Professional Services, client management and technical support.
NetSuite's office in the Philippines is located at:
6F Tower 1, RCBC Plaza
6819 Ayala Avenue cor. Sen. Gil Puyat Avenue
Makati City 1200 Philippines