SVP, Corporate Communications
New Customer Wins Indicate Strong Regional Demand for NetSuite OneWorld to Improve Productivity and Gain Cost-Saving Benefits
SYDNEY (Australia) and SAN MATEO, Calif. (U.S.A.)—January 20, 2009—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 some of the latest businesses in the Asia Pacific region to choose NetSuite over siloed, on-premise software applications. They are RCGC, StrapMedia, Profoto Digital Media Services, and Co2 Neutral Conferencing. These companies have embraced NetSuite OneWorld for its integrated business management suite, which delivers enterprise resource planning (ERP) / accounting, customer relationship management (CRM), and Ecommerce capabilities in a single on-demand application.
With NetSuite OneWorld, these businesses can now manage multiple subsidiaries and multi-currency operations in one consolidated sales view that unifies previously separate sales and customer systems spread across different operations. NetSuite OneWorld also provides the powerful, real-time reporting and dashboards that give real-time visibility into key business performance. For more information about NetSuite customer wins in Asia Pacific, please visit http://www.netsuite.com/portal/customers/main.shtml
NetSuite OneWorld is to date the first and only announced on-demand system to deliver real-time subsidiary management and business consolidation capabilities to mid-market companies for accounting / ERP, CRM and Ecommerce operations, at a fraction of the cost of traditional on-premise ERP solutions. Since its launch, NetSuite OneWorld has gained popularity not only in North America, but also in Europe and Asia Pacific.
According to recent forecasts from the market research firm IDC, worldwide compound annual growth rate (CAGR) for the SaaS application market is projected at 30% from 2007 to 2012. Furthermore, IDC estimates that the market for SaaS ERP applications will grow at a CAGR of 26.8%, as compared a CAGR of 18.5% for SaaS CRM applications
Following are details of the new customer wins announced today:
Reliability and Confidence Gas Corporation
Reliability and Confidence Gas Corporation (RCGC) is a liquefied petroleum gas (LPG) refilling company based in Central Luzon in the Philippines. It began operations in 1983 with 15 employees providing LPG services for the province of Pampanga. Two decades after its founding, RCGC now employs over 80 people and has expanded its operations to seven other provinces. RCGC has now set its sights on expanding to the two other main island clusters in the Philippines. The company chose NetSuite in 2008 to help facilitate this growth.
"With the situation of the economy today—combined with increased competition in the oil and gas industry and constant fluctuations in the prices of LPG—the emphasis on efficiency in our company is now paramount," said Dan Carreon, head of accounting at RCGC. "With NetSuite, not only does inputting the data into our system take significantly less time and effort, it also generates the kinds of reports we need for our company to stay ahead of the competition, delivering business intelligence and strategic information in real time and at our fingertips."
StrapMedia (www.strapmedia.com), based in Hong Kong with additional offices in Tokyo and Paris, is the maker of FlashPop, an easy-to-operate device that customers can pre-load with any type of audio content, including music and audio books. StrapMedia needed structured administrative business processes to quickly grow internationally. NetSuite's integrated business suite has given StrapMedia an efficient solution to quickly set up new activities with no reduced maintenance worries; dashboards that provide clear, key business information at a glance; and the scalability and anywhere access StrapMedia needed to grow exponentially and internationally.
"NetSuite is a strong backbone for any start-up," said Nicolas Schmitt, COO, StrapMedia. "It guarantees the set-up of a solid process necessary for growth. NetSuite presents crystal-clear information that is key for any business decision, and for us, it allows the flexibility to optimise all of our business flows and transactions."
Profoto Digital Services
Profoto Digital Services (www.profoto.com.sg), based in Singapore, is an advertising and marketing company that provides display products and services ranging from indoor/digital services to lab and outdoor services. Previously, Profoto used QuickBooks and Excel to manage its finances. Using two different applications led to duplicate data entry and internal miscommunication. Now, with NetSuite, Profoto has one system to manage its entire business.
"Prior to using NetSuite, we were dealing with tedious operation processes that led to inaccurate manual accounting and lengthy sales processes," said Colin Goh, Business Operations Manager, Profoto Digital Services . "We searched for a simple solution that would be easy to deploy and simple for our accounting and sales staff to use. NetSuite became a natural choice. As a Web-based application, NetSuite can be accessed anywhere in real-time. Now our staff is working much more productively, and we're saving precious time in the process."
CO2 Neutral Conferencing
CO2NeutralConferencing.com (www.co2neutralconferencing.com), which has offices in Singapore and Australia, is a global provider of audio/web/video conferencing and unified communications services, solutions and consulting. Due to its fast growth, C02 Neutral Conferencing needed the software functionality of a large company at an affordable price. The company chose NetSuite because it satisfied that requirement.
"As a rapidly expanding business, we were looking for a cost-effective tool to run our business," said Stephen Sevastopulo, Director, C02 Neutral Conferencing. "Due to the nature of what we do, this had to be a powerful tool capable of running multiple currencies, billing, invoicing, finance and a CRM database. NetSuite has exceeded our expectations in terms of delivering all of this on an integrated, Web-based platform that is simple and quick to use. We very much look forward to working closely with NetSuite in the future."
For more information about NetSuite Inc., please visit www.netsuite.com.
NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite Inc.