Press Releases


Contact:

Mei Li
Senior VP
Corporate Communications
NetSuite Inc.
Phone: 650.627.1063
E-mail: meili@netsuite.com

NETSUITE ECOMMERCE MERCHANTS EXPERIENCE RECORD GROWTH IN BUSINESS AND PROFITS

Growing Companies realise 100% to 300% Profit Increase Year over Year Using NetSuite's Unmatched Single Application for Ecommerce

Growing Companies realise 100% to 300% Profit Increase Year over Year Using NetSuite's Unmatched Single Application for Ecommerce

SAN MATEO, Calif—December 11, 2008—NetSuite Inc. (NYSE: N), a leading vendor of on-demand, integrated business management software suites for mid-market enterprises and divisions of large companies, today announced that its Ecommerce software editions have helped several Ecommerce customers grow their businesses and post record gains in revenue. Some of the customers using NetSuite to successfully manage their Ecommerce businesses include Discount Ramps, Randall Scott Company, Remote Medical, Serena & Lily, Spidertrax Off-Road, and World of Good. NetSuite Ecommerce editions enable companies to focus on growing their Ecommerce business while reducing IT costs, eliminating operating over-head, and keeping their workforces lean and nimble. For more information about their success, please listen to the podcast: http://www.netsuite.com/portal/hk/media/audio/customers-talk-ecommerce-success.mp3

NetSuite is the only Software as a Service (SaaS) application that integrates Ecommerce, enterprise resource planning (ERP) and customer relationship management ( CRM) capabilities all in one system. NetSuite Ecommerce offers businesses a wealth of capabilities in a single application — something no other software vendors have been able to match. These powerful features include site building, lead generating, inventory management, Web site, Web store, shipping, accounting, marketing, and support, automated product recommendations, flexible coupons and gift certificates, and self-service tools such as lifetime order history and package tracking status. — all of which combine to deliver a single, superior way to manage an Ecommerce business and allow businesses to operate and compete in an Amazon.com-like fashion. Streamlined and cost-effective, NetSuite Ecommerce gives Ecommerce businesses the ability to quickly change and adapt to market conditions.

Some of the Ecommerce businesses that have grown rapidly due to NetSuite include:

Discount Ramps.com (www.discountramps.com), based in  West Bend, Wis., is the largest online loading, hauling, and transport Web site on the Internet today. With NetSuite, the company has grown revenues from $5.8 million in 2004 to a projected $17 million in 2008.

"We started using NetSuite in January 2005, and it's has been a huge part of our business growth," said Joel Lederhause, CEO of Discount Ramps.com. "Our annual sales revenue has gone from $5.8 million in 2004 to a projected $17 million in 2008. Our number of SKUs has also jumped from 800 to 8,000 during that same timeframe, yet NetSuite has easily accommodated the increase. Additionally, NetSuite allows us to effectively manage all our operations from a single point of view, and as our business evolves we find that NetSuite has features and components that support our growth efforts moving forward."

Randall Scott Company (www.rscycle.com) is a premier cycling and outdoor company based in Boulder, Colo. With NetSuite, Randall Scott Company has experienced revenue growth of more than 125% over the past two years.

"In today's competitive online atmosphere, we have found that differentiating ourselves with a focus on customer service and vendor relationships has allowed us to grow over 125% in the last two years," said Randall Scott, Owner. "NetSuite has provided my staff the necessary tools and my management team the necessary metrics to focus our time and energy on strengthening our vendor relationships and being a customer-centric organisation. NetSuite has played a critical role in allowing us to quickly become a leading online retailer in the cycling and outdoor industries."

Remote Medical ( www.remotemedical.com), based in Seattle, provides solutions for medicine and rescues in some of the most remote regions of the planet. With NetSuite, Remote Medical is touting almost triple-digit growth over the past two years without hiring an army of employees.

"Over the past two years, we have experienced rapid growth of nearly 800% and increased our staff by a factor of 5," said Andrew Cull, CEO of Remote Medical. "I have no doubt that this would not have been possible without our decision to adopt NetSuite early and incorporate it into our business systems. I have clear, 360-degree visibility into every aspect of our operations from anywhere in the world."

Serena & Lily (www.serenaandlily.com) designs children's spaces that are fresh and style-driven, with dynamic colour and pattern combination, and is based in Sausalito, Calif. With NetSuite, this glamorous company, whose targets include many Hollywood celebrities, has doubled its Web business.

"We started using NetSuite in August 2007 and doubled our Web business that month," said Lily Kanter, CEO of Serena & Lily. "We're able to manage multiple channels of business from one integrated platform. Despite the fact that we're growing at a rate of over 100% per year, we feel we can scale the business. We're not concerned that we will outgrow the platform and need to do a major system implementation as we grow. NetSuite offers a lot of application functionality for the price point."

Spidertrax Off-Road (www.spidertrax.com) is a leading manufacturer of performance off-road vehicle products, based in Longmont, Colo. The company has grown its business by 54% since it went live on NetSuite in 2005.

"NetSuite has put in place systems of automation that have allowed us to increase sales by over 54% while maintaining a software platform that seamlessly grows with our business," said Thomas Kingston, Co-Founder and Owner of Spidertrax Off-Road. "Our move to NetSuite was triggered by the need to provide an online shopping experience that worked on both front and back ends of our business. We have been with NetSuite since 2005 and it is now hard to imagine how we ran our business without it."

World of Good (www. worldofgoodinc.com) is a convenient, trusted place for consumers to shop for thousands of products that positively impact people and the planet. Through a network of retail, wholesale, and online partners, World of Good connects artisans in developing communities around the world with mainstream retail markets, empowering consumers to use their purchasing power as a force for good, every time they shop. The company is b ased in Emeryville, Calif.

"Since World of Good started using NetSuite two years ago,we have doubled the number of fair trade products we have sold," said Siddharth Sanghvi, Co-Founder of World of Good. "We now work with 150 artisan groups in 34 countries around the world, directly impacting over 6,000 workers and their families. NetSuite has allowed us to customise our software heavily and in the process streamline our processes across all departments."

For more information about NetSuite Inc., please visit www.netsuite.com.

 

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