DELOITTE AND NETSUITE FORM STRATEGIC ALLIANCE
Alliance launches with Deloitte's Emerging Technologies Practice, expanding service offerings to clients
SAN FRANCISCO, February 27, 2014—NetSuite Inc. (NYSE: N), a leading provider of cloud-based financials / ERP and omnichannel commerce software suites, and Deloitte have formed an alliance to provide implementation, finance transformation, change management and a full breadth of consulting services to the market.
“NetSuite's demonstrated/time-tested, customizable solution gives us the platform to answer the growing demand for cloud ERP which we have seen from businesses of all sizes,” said Paul Clemmons, principal, Deloitte Consulting LLP and Deloitte's Emerging Technologies Lead. “With Deloitte's change management, industry experience and integration services, our joint customers can rapidly realize the power of the cloud.”
NetSuite helps organizations manage core business processes with a single, fully integrated system that covers areas including covering ERP/financials, CRM, ecommerce and inventory. Deloitte brings a deep repertoire of skills and resources in security and privacy, as well as industry processes and insights from both a national and global perspective.
Deloitte's alliance with NetSuite is expected to include offerings for both mid-market and larger enterprise clients seeking to benefit from a two-tier ERP approach. Two-tier ERP allows organizations to efficiently use NetSuite during acquisitions, start-up business units or remote geographies while still running larger ERP products at its headquarters. The alliance is also expected to introduce an offering that will help automate adherence to revenue recognition rules via a cloud solution that can integrate with existing ERP systems. Finally, the alliance is expected to incorporate an omni-channel offering which can allow organizations to rapidly establish a solid financial and retail commerce foundation in quickly expanding markets.
“Global enterprise and mid-market organizations are turning to cloud ERP for its agility, scalability and flexibility,” said Jim McGeever, chief operating officer at NetSuite. “NetSuite's proven cloud ERP together with Deloitte's breadth and depth of consulting services provides the resources for these organizations to adapt and prosper amidst the fast-paced business environment of today.”
Deloitte and NetSuite plan to leverage their respective strengths to drive innovation across multiple industries and business sectors. The two firms have previously worked together on a number of implementations, with very positive results and are recognized as leaders in their field.
NetSuite Inc. is the industry's leading provider of cloud-based financials / Enterprise Resource Planning (ERP) and omnichannel commerce software suites. In addition to financials/ERP software suites, NetSuite offers a broad suite of applications, including accounting, Customer Relationship Management (CRM), Professional Services Automation (PSA) and ecommerce that enable companies to manage most of their core business operations in its single integrated suite. NetSuite software allows businesses to automate operations, streamline processes and access real-time business information anytime, anywhere.
Deloitte helps organizations grow their businesses and enhance value by identifying actionable insights. More than 23,000 professionals provide a broad range of capabilities across human capital, strategy and operations, innovation and technology that are aligned to the particular needs of specific sectors, businesses and organizations. Deloitte provides clients with leading business insights that can help generate a tangible and measurable impact.
As used in this document, “Deloitte” means Deloitte Consulting LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
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