NETSUITE ADDS ADVANCED BUSINESS INTELLIGENCE AND ANALYTICS TO REAL-TIME DASHBOARDS
Now Managers Can Know as Much about Their Business as They Do about Their Stock
SAN MATEO, CA.—January 15, 2004—NetSuite,
Inc., today announced the next generation of advanced
real-time business intelligence and analytics dashboards.
This new release adds powerful features including more
than 20 key performance indicators (KPIs) – pre-configured,
best practices metrics that instantly provide detailed
views on the status of every aspect of a business. Also,
new usability features provide unprecedented flexibility
for ad hoc querying, editing, searching, sorting and
working on dashboards. These enhanced analytics features
are available throughout the company's award-winning
applications including NetCRM, NetERP, NetSuite and
Oracle Small Business Suite. The Oracle Small Business
Suite name is used under license from Oracle Corporation
While the new dashboards provide real-time insight
into the state of a business or job function, they are
also unique in their ability to provide a workspace
to take action on such information. Powerful ad hoc
querying in NetSuite allows "what if" questions
to be asked and answered easily. And via new Quick Add,
Quick Sort and patent-pending Extreme List Editing,
users can do their jobs – updating leads, creating
opportunity records, and marking tasks completed –
without ever leaving their dashboards to work on the
"Most CEOs know more about the details of Ben
and J.Lo's life than they do about their daily business
metrics," said Zach Nelson, CEO of NetSuite, Inc.
"Our new dashboards provide a 'my-yahoo' like view
into every aspect of a business – sales, marketing,
distribution and finance. The new analytics and usability
features make our dashboards even more useful, not just
for executives but for all employees."
NetSuite introduced the first dashboards integrated
with business applications in 2001. Unlike dashboards
touted by other application vendors, NetSuite Dashboard
technology is not an add-on module, it is an integral
part of the application. In addition, other applications
require an administrator to pre-configure queries and
reports that appear on dashboards. NetSuite comes with
more than 100 pre-configured, best practices dashboard
report snapshots, trend analysis graphs and key performance
indicators that users can add with one click. And unlike
third party business intelligence products, the NetSuite
dashboards allow drilldown all the way to the source
content making up key performance metrics, such as an
invoice, lead, opportunity or sales order.
With the enhanced analytics capabilities, NetSuite
Dashboards add a host of first-and-only capabilities
- Simpler and faster business analysis with more
than 20 new key performance indicators (KPIs) including
sales on a cash, billings and bookings basis; cash
flow; new business generated; new customers acquired;
quota-bearing and total employee counts; quotes to
close; open and closed opportunities; income; expense;
and total payroll.
- Comparatives for virtually all KPIs including color-coded
variances – green for better, red for worse
– allow users to quickly spot trends.
- Trend graphs that deliver even more analytic power
to real-time Dashboards and that can be viewed directly
on the Dashboard or from within key performance indicators.
- Quick Date Selector and Date Quick Links introduce
two ways to easily change the date range on KPIs,
allowing analysis of business metrics over time.
- New portlet options that speed up data entry and
record access including Quick Add, Recent Records
and Record Lists.
- All aspects of customer interactions are represented
in real time on the dashboard from lead to opportunity
to order, invoice, and payment.
"Before I had access to the new real-time analytics
in NetSuite, I'd have to wait for end of the month to
get the merchant statement to see what our e-commerce
bookings were," said Seth Horn, CFO of Fremont,
Calif.-based IQ Biometrix, Inc. "Now I can monitor
in real time our sales made over the Web. When someone
makes a purchase, the contact information automatically
is entered into the financial system. It's incredible."
Pricing and Availability
The new analytics capabilities are bundled with all
NetSuite Dashboards at no additional charge. The new
capabilities will be available in February 2004.
For more information about NetSuite please visit our
Web site at www.netsuite.com.
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