SVP, Corporate Communications
SAN MATEO, Calif.—March 14, 2006—NetSuite, Inc., the leader in on-demand business management software for small and mid-sized businesses, today announced that hundreds of software companies have standardized their operations on NetSuite. Some of these software companies include PeopleNet, Learning.com, and AdvancedMD. Those who recently embraced NetSuite for its full-fledged feature rich application for managing their software businesses over other software packages include Surgient and Jayex Technology. For more information about NetSuite Software Company Edition, please go to www.netsuite.com/softwarecompany.
This announcement was made in conjunction with today's introduction of NetSuite Software Company Edition. Specifically designed to manage a software business and the software customer lifecycle, NetSuite Software Company Edition manages a software business from the moment the lead is in the system through the sales process to purchase and on to subsequent renewals and repeat sales. New rich financial management functionality including revenue recognition and usage-based billing released in NetSuite Software Company Edition can cost hundreds of thousands of dollars when purchased from niche providers of inflexible applications. NetSuite Software Company Edition also includes new versions of NetSuite's renowned Dashboards that are specifically designed to give software company executives and frontline users real-time visibility into the key performance indicators that make or break their success.
Software companies who have standardized their operations on NetSuite include:
PeopleNet (Minneapolis; www.peoplenetonline.com):
"Our first inclination was just to replace our CRM, but when we discovered NetSuite's ERP capabilities as well, including usage-based billing, we saw that we could go to one provider for everything," says Ron Konezny, COO and CFO of PeopleNet, a developer of fleet management solutions. "We have saved time and money by replacing Great Plains, Onyx, and Crystal Reports with NetSuite, giving us one centralized view of our business."
Learning.com (Portland, Ore.; www.learning.com): "NetSuite is the one system we didn't have with Salesforce.com, and that we would never have with Salesforce.com," said Douglas Stein, VP Technology and Development of Learning.com, the education industry's leading developer of online technology integration and assessment tools. "What took weeks to do previously now takes days. NetSuite is saving our CFO an inordinate amount of time, and it is also preparing us to be Sarbanes-Oxley compliant because we can see the history of everything."
AdvancedMD (Salt Lake City; www.advancedmd.com): "For NetSuite's price and market tier as an end-to-end CRM/ERP, its customization capabilities are exceptional — there's nothing even close to it in the industry," said Ken Meyers, Vice President of Operations at AdvancedMD, the leader in web-native software for medical billing. "Since we came on board, we've been very impressed with the pace of development and feature expansion. The CRM + ERP combination enables us to do some very, very good business tracking of our customer lifecycle, and gives us superbly tight integration between our sales, services, and financial departments."
Surgient (Austin, Texas; www.surgient.com): "NetSuite is much easier to use than the large-scale ERP systems I've used in the past and delivers functionality that many of these much more expensive systems struggle to provide," said Kevin Thompson, former CFO of Red Hat and SAS Institute, and now CFO of Surgient, Inc. (www.surgient.com), based in Austin, Texas, and the leader in virtual lab applications for automating software demo, test and training labs. "At Surgient, in addition to the typical complexity of managing finance, we have an additional critical business need to track the costs of complex professional services engagements. An important reason we chose NetSuite was because it integrated strong time and expense tracking, project management, revenue recognition, and CRM in a single package."
Jayex Technology (London; www.jayex.com): "We chose NetSuite because it was the most modern system we could find — covering everything from Web hosting to accounting to order processing," said Agam Jain, Managing Director of Jayex Technology, which produces LED display systems and software for the medical industry. "We've been continuously growing since 1978 and expect NetSuite to help us further that growth."