ADMINOVATE SWAPS OUT SAP BUSINESS BYDESIGN FOR NETSUITE
Software and Consulting Provider to Implement NetSuite for Integrated Financials, CRM and Services Project Management
SAN MATEO, Calif.—March 10, 2014—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that Adminovate, an enterprise software and consulting provider in the life, health and annuities industries, has decided to replace SAP Business ByDesign with NetSuite as its core ERP, CRM and project management platform. Adminovate's decision was based on the broader range of functionality offered by NetSuite versus Business ByDesign, plus NetSuite's agility, flexibility and rich customization capabilities, and the decommitment of SAP Business ByDesign as a strategic platform for SAP. As the industry's leading cloud financials / ERP platform, NetSuite's speed of implementation, and superior implementation services are based on years of experience and best practices gained in implementing thousands of ERP systems.
With the implementation of NetSuite now under way, the growing company plans to use NetSuite for financials, CRM and marketing, project management and resource optimization. In the upgrade pipeline, NetSuite's revenue recognition functionality offers Adminovate a streamlined solution to manage diverse recurring and traditional revenue streams that include licensing of both cloud and on-premise software, as well as implementation and optimization services that are expected to account for a majority of company revenue.
"As an enterprise software provider, we recognize the need for intuitive software that is malleable to the customer's needs," said Jeff Mathis, Adminovate CFO. "Adminovate and NetSuite are kindred spirits in how we build and deliver our platforms—really intuitive, really simple, with functionality that is off the charts.
Based in Philadelphia, Adminovate (www.adminovate.com) initially preferred NetSuite over Business ByDesign, but selected Business ByDesign in 2013 when SAP offered a self-implementation option.
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Today, more than 20,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud financials/ERP suites for divisions of large enterprises and mid-sized organizations seeking to upgrade their antiquated client/server ERP systems. NetSuite excels at streamlining business operations as demonstrated in a recent Gartner study naming NetSuite as the fastest growing financial management software vendor on a global basis. NetSuite continues its success in delivering the best cloud ERP/financials suites to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.
Adminovate is a privately held consulting and solutions provider for the life, health and annuity industries, comprised of an experienced management and technology team with a history of success implementing core insurance systems. Based in Philadelphia, Adminovate develops modern policy administration software and delivers unmatched customer service to carriers looking to create a competitive advantage, reduce costs and transform their businesses through system modernization. For more information, please visit www.adminovate.com.
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