Senior VP, Corporate Communications
NETSUITE ANNOUNCES TWO-TIER ERP FOR ORACLE
Global Enterprises Can Run Subsidiaries with NetSuite Cloud ERP While Preserving Headquarters' Oracle Investments
NetSuite Offers SuiteCloud Connect to Integrate NetSuite Cloud ERP with Oracle for Global Enterprises
SAN FRANCISCO and SAN MATEO, Calif.—October 2, 2012—ORACLE OPEN WORLD—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced NetSuite Two-Tier ERP for Oracle, powered by a new version of NetSuite OneWorld and SuiteCloud Connectors to Oracle provided by NetSuite partners including IBM Cast Iron, Informatica, Dell Boomi, Celigo, and Pervasive Software. NetSuite Two-Tier ERP for Oracle enables enterprises to drive global expansion by deploying the NetSuite OneWorld multinational business management solution to run subsidiaries and divisions while preserving headquarters' investments in Oracle. The NetSuite cloud solution can be deployed in substantially less time and at substantially lower cost than a comparable on-premise ERP system at the subsidiary level, while providing real-time data, visibility and management through integration with the Oracle ERP solution in place at the corporate level. This two-tier ERP model is rapidly emerging as a compelling option for enterprises such as Qualcomm and Land O'Lakes, Inc. that need to support rapid global growth and gain greater efficiencies across key business processes without the time and cost burden of an on-premise deployment.
The key to NetSuite Two-Tier ERP for Oracle is a new version of NetSuite OneWorld that gives Oracle enterprise customers a modern, cloud-based software system to manage divisions within complex, multinational corporations and multi-subsidiary companies, with integration to Oracle at the corporate level via SuiteCloud Connect for Oracle. With NetSuite OneWorld, Oracle customers can manage global business operations in real time and roll up division-level transaction and summary data to gain an enterprise-wide view of business operations. A host of global enterprise ISVs and SIs including IBM Cast Iron (NYSE: IBM), Informatica (NASDAQ: INFA), Dell Boomi, Pervasive Software (NASDAQ: PVSW) and Celigo deliver connectors to link NetSuite OneWorld with Oracle. NetSuite OneWorld supports over 190 currencies, 19 languages and out-of-the-box tax reporting covering more than 50 nations. NetSuite OneWorld enables efficient financial consolidation at both global and local levels while powering front- and back-office operations on a worldwide scale. NetSuite OneWorld is the first and only solution to deliver real-time global business management and financial consolidation, with local customisation and full integration capabilities with Oracle via the cloud.
For more details about NetSuite Two-Tier ERP for Oracle, visit http://www.netsuite.com.hk/portal/solutions/netsuite-oracle-two-tier.shtml.New key features of NetSuite OneWorld include:
- Global Cloud ERP with Embedded Analytics: NetSuite's complete cloud ERP system features embedded analytics and role-based dashboards with prebuilt KPIs, reports, workflow triggers and drill-down to transactional detail, and easily feeds into corporate data warehouses.
- Instant Consolidation and Visibility: NetSuite gives corporate, division and subsidiary stakeholders a real-time view into every level of the business, through always-on financial and operational dashboards and reporting with drill-down from summary to detail.
- Multi-Currency, Multi-Tax, Multinational Intelligence: With support for over 190 currencies, 19 languages and country-specific accounting standards across North America, Europe, Asia and Australia/New Zealand, NetSuite enables organisations to seamlessly meet the individual needs of local operations.
For more details about NetSuite OneWorld, visit http://www.netsuite.com.hk/portal/hk/products/oneworld/main.shtml.
The real-world success of NetSuite customers like Qualcomm, Land O'Lakes, Inc. and other large enterprises testifies that two-tier ERP is not some future-state vision—with NetSuite it's a practical and proven solution that is driving quantifiable business benefits today. "At Land O'Lakes, we were clearly at a decision point when it came to choosing between more of the same or breaking ground in new and innovative ways," said Michael Macrie, VP of Information Technology at Land O'Lakes. "We've been able to implement three of our foreign entities much more efficiently and in a more cost-effective manner than a traditional ERP implementation. We look forward to expanding our NetSuite footprint in a number of strategic areas over the next two years."
SuiteCloud Connect for Oracle
SuiteCloud Connect for Oracle is a critical element of the NetSuite two-tier ERP solution for Oracle, enabling real-time data exchange, visibility and control, and allowing users to roll up general ledger, order and revenue information from NetSuite at the subsidiary level to Oracle for aggregate financial reporting. In addition to SuiteCloud Connect for Oracle, NetSuite Professional Services and a global partner network offer expertise in all aspects of Oracle integration. Some key partners include:
IBM Cast Iron (www-01.ibm.com/software/integration/cast-iron-cloud-integration/partner-prospect/) delivers a solution specifically for integrating NetSuite with other applications. The Cast Iron Integration Solution for NetSuite is a purpose-built solution that dramatically simplifies NetSuite migration and integration projects and enables them to be completed within days.
Informatica (www.informaticacloud.com/netsuite) delivers the Informatica Cloud solution to integrate data processed by NetSuite OneWorld at the subsidiary level with the on-premise Oracle E-Business Suite at the enterprise level. This solution is particularly well suited for multinational companies with multiple subsidiaries operating across diverse markets, and offering products and services through many different channels. The Informatica Platform delivers powerful and proven enterprise integration between NetSuite and SAP, Oracle, JD Edwards, PeopleSoft, Salesforce.com and other ERP systems, major databases and mainframes. Informatica also provides a free cloud-based Data Loader for NetSuite customers that supports integration with Oracle and other databases.
Dell Boomi (www.boomi.com/solutions/netsuite), part of Dell (NASDAQ: DELL) Software, provides Boomi AtomSphere, a centralised, cloud-based platform that delivers enterprise-grade integration by quickly connecting any combination of cloud and on-premise applications. With pre-built connectors for common applications such as NetSuite, SAP and Oracle EBS, Dell Boomi enables two-tier ERP, EDI and other critical business processes.
Celigo (www.celigo.com)provides the Celigo Integrator, specifically designed for implementing NetSuite integrations and built directly on the native NetSuite platform as a SuiteBundle. The Integrator can integrate NetSuite with any other software application, including Oracle, Amazon, Google Apps, Salesforce.com and many more. Celigo also provides a number of prebuilt, turnkey connectors between other well-known applications and NetSuite, with the ability to customise to fit specific business processes.
Pervasive Software (http://integration.pervasive.com/Partners/PartnerNet/StrategicAlliances.aspx?LiveAccId=37091#) enables two-tier integrations for key ecosystems such as HR, tax, marketing automation, healthcare and financial services software through its robust Data Integration and Data Quality platforms. With more than 150 connectors, including certified connectors to NetSuite and Salesforce CRM, as well as data sources including PeopleSoft, Oracle, JD Edwards and SAP, Pervasive enables incremental adoption and enterprise-level, multi-national deployments.
Today, more than 12,000 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 business management suites for divisions of large enterprises and mid-sized organisations 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 top 10 financial management systems vendor in the world. 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.
For more information about NetSuite, please visit www.netsuite.com.hk.
NOTE: NetSuite and the NetSuite logo are service marks of NetSuite Inc. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between NetSuite and any other company.