HCM COMPANIES TARGETING GROWING AND MID-SIZED BUSINESSES JOIN THE NETSUITE CLOUD
New "Built For NetSuite" Apps Integrate Cloud ERP and Best-of-Breed HCM Solutions to Provide a Unified Environment Enabling Companies to Maximize Workforce Talent from Hire to Retire
NETSUITE SUITEWORLD 2013, SAN JOSE, Calif.—May 15, 2013—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced the expansion of the SuiteCloud partner ecosystem, unifying the industry's #1 cloud ERP suite with leading Human Capital Management (HCM) solutions that target growing and mid-sized businesses. The partnerships with Ascentis, CloudPay, Dell Boomi, Insperity, Meta4, NOVAtime, SilkRoad, TransCard and TribeHR, through the SuiteCloud Developer Network, enrich the NetSuite cloud ERP suite with best-of-breed solutions from leading HCM software vendors and cloud integration providers, used by more than 100,000 organizations around the world to manage millions of employees across the full employee lifecycle, from hire to retire.
The next-generation HCM solutions from Ascentis, CloudPay, Dell Boomi, NOVAtime, SilkRoad, TransCard and TribeHR are "Built for NetSuite," a new program for SuiteCloud Developer Network (SDN) partners that provides them with information, resources and a method to verify that their applications and integrations, built using the NetSuite SuiteCloud Computing Platform, meet new NetSuite standards and best practices of development defined and documented for the SuiteCloud development platform. The Built for NetSuite program is designed to give NetSuite customers additional confidence that SuiteApps have been built to meet these standards. For more information about "Built for NetSuite," please go to www.netsuite.com/BuiltforNetSuite.
Through these partnerships, NetSuite and HCM ISVs deliver a single system of record with advanced HR functionality for streamlined recruiting and onboarding, performance and career development, employee and manager self-service, global payroll, benefits administration, compensation and incentive management, learning management, succession planning, workforce management, social collaboration and social media integration, and more, spanning the HR spectrum. multi-currency, multilingual capabilities in several of the partner solutions align with the NetSuite OneWorld global business management application to support world-class HR management on a global scale across dozens of countries.
The integration of HCM and ERP in the cloud delivers a host of benefits including eliminating manual data entry across disparate systems to reduce time, costs and the risk of error, and allowing companies to maximize their workforce and achieve the scalability and efficiency in onboarding and talent development that are critical for fast-growing companies. Bi-directional data synchronization between NetSuite and partner solutions ensures real-time visibility into key workforce dynamics and metrics while improving HR's productivity and employee morale. These partnerships address a growing need to eliminate data silos and streamline HR processes by linking HCM capabilities natively to back-office finance functionality. Rich workforce planning and analytics atop the NetSuite platform enable organizations to align HR processes with business objectives, improve personnel performance and build a superior HR practice.
"Human capital management, tightly aligned with the back office, is a vital, strategic imperative for growing companies," said Guido Haarmans, Vice President of Business Development for Technology Partners. "With these partnerships, we are answering customer demand and providing NetSuite customers the ability to introduce new levels of productivity while eliminating costly manual work and delays."
NetSuite has recently added or strengthened relationships with the following HCM, cloud integration and payroll partners:
HCM Suites for Growing and Mid-Sized Businesses
Ascentis (www.ascentis.com), based in Bellevue, Wash., offers the cloud-based Ascentis HCM for NetSuite to automate critical HR and payroll processes, streamline workflows and save resources at small to mid-sized U.S. businesses. The integrated solution supplies powerful workflows to synchronize critical data elements such as employee information and payroll journal entries, and real-time payroll processing for accuracy, flexibility and control that can reduce processing time by up to 30 percent. Ascentis enables applicant tracking and onboarding with a branded candidate portal, social media and RSS feeds, compliance reporting, employee and manager self-service, workforce analytics and automated time and attendance functionality. "Ascentis integration with NetSuite enables companies to fill a critical gap between core systems and manage and automate critical processes that span the entire employee lifecycle," said DJ Chhabra, Ascentis CEO. "We're excited to partner with NetSuite to bring the benefits of integrated cloud HCM to the growing base of NetSuite customers."
Insperity (www.insperity.com), based in Houston, Texas, a trusted advisor to America's best businesses for more than 27 years, provides HCM and business solutions designed to help improve business performance, supporting more than 100,000 businesses with more than two million employees. Insperity HCMTM enables NetSuite customers to leverage the power of a single, integrated, workflow-driven HR solution that streamlines and automates recruiting, onboarding, time and attendance, payroll, performance management, organizational planning and more. Insperity HCM comprises an entire suite of web-based tools and technology for HR data and processes to save time and money, eliminate error-prone manual work, analyze key workforce metrics and maintain tax compliance. "The alliance between Insperity and NetSuite provides companies with yet another powerful way to improve business performance, resulting in greater efficiencies, fewer headaches and increased productivity," said Paul J. Sarvadi, Insperity chairman and chief executive officer. "Insperity continues to lead the way in providing solutions for America's best businesses, and this alliance again demonstrates our commitment to helping companies, run better, grow faster and make more money."
Meta4 (www.meta4.com), headquartered in Madrid, Spain, with offices in 12 countries around the world, delivers a comprehensive set of HR, talent management and performance management cloud solutions that align with NetSuite's cloud-based application. With more than two decades of HCM experience and recognized as one of the world's top providers of HCM software, Meta4 has over 1,300 clients in 100 countries and manages more than 18 million people worldwide. Meta4's HCM global suite offers robust international functionality, including multi-currency, localization and support for multiple languages that can integrate with the NetSuite OneWorld global business management solution and its multinational capabilities. "Meta4 and NetSuite share a common vision of cloud-based business with a SaaS model that makes our technologies a natural fit," said Juan Armada, Meta4 Global SaaS HR Sales Director. "Our complementary solutions for global business eliminate geographic barriers to enable companies to fully leverage their human potential rapidly and effectively in a unified environment."
SilkRoad (www.silkroad.com), headquartered in Chicago, Ill., is a leading global provider of end-to-end HR solutions that enable customers to find, attract, develop, and retain the best talent. The award-winning SilkRoad Life Suite includes Talent Acquisition, Talent Development, Talent Portal and HRMS solutions that are easy to deploy, easy to use, and affordable. Powered by social, mobile, analytic, and cloud technology, it's everything you need in one platform to engage your people and rapidly boost business performance. "We're delighted to deliver with NetSuite, the power of integrated, cloud-based ERP and HCM software," said John Shackleton, Co-CEO of SilkRoad. "The NetSuite/SilkRoad solution provides a seamless environment that enables companies of all sizes to find, attract, develop and retain the best talent anywhere in the world."
NOVAtime (www.novatime.com), based in Diamond Bar, Calif., having served more than 10,000 organizations since 1999, offers NOVAtime 4000 to enhance NetSuite with robust workforce management, including employee time and attendance tracking, leave management, accrual calculations, scheduling, expense reporting and more. The integration to NetSuite provides all the benefits of NOVAtime 4000 with the broad capabilities of NetSuite, resulting in a superior business solution. The system supports complex pay rules and company policies, while also offering unmatched accuracy and efficiency. Through automated routine tasks and streamlined processes, NOVAtime 4000 consolidates employee data, reduces administrative costs and increases employee productivity, providing you with a top-caliber workforce management solution. "With NOVAtime, NetSuite customers are not only able to improve timekeeping processes, but will also see an increase in employee satisfaction," said Frank Su, NOVAtime president and CEO. "Our partnership with NetSuite has enabled NOVAtime to deliver a solution that meets unique requirements in a broad range of industries."
TribeHR (www.tribehr.com), based in Boston, Mass., and Waterloo, Ontario, offers the TribeHR SuiteApp, built on the NetSuite SuiteCloud development platform. The TribeHR solution is the first social human resources management software for use with NetSuite, enabling customers to manage the entire employee lifecycle. The system tracks time off and work history, offers advanced talent management with 360-degree feedback and public recognition, and features a social applicant tracking system with integrations to LinkedIn and Facebook. With NetSuite and the TribeHR SuiteApp, businesses manage their entire business from one integrated cloud solution: finance, sales, service, fulfillment, and now for the first time, human resources. "We're excited to partner with NetSuite to develop the first end-to-end HR solution designed specifically for NetSuite customers," said Joseph Fung, CEO of TribeHR. "The TribeHR SuiteApp allows NetSuite customers to not only gain greater insight into their organization, but gives them the critical tools needed to motivate, retain and engage one of their most valuable assets—their employees."
Global Payroll Management
CloudPay (www.cloudpay.net), based in Raleigh, N.C., provides the CloudPay for NetSuite SuiteApp, bringing together NetSuite's financials with global HR, financial and payroll administrative processing. CloudPay's SaaS-based technology and services meet the demands of today's multinationals by providing them greater control, consolidation and enhanced strategic insight and detailed trend analysis of their global payroll operations. With access to real-time data, organizations gain the visibility to make more informed strategic and financial decisions to improve their business. CloudPay's solution supports 30 currencies and 26 languages and has the capability to deliver solutions to customers managing and reporting payroll across 160 countries. Payroll processing is managed by a single payroll master with access to complete audit records. Multi-national organizations can gain control over payroll costs while providing compliance with local statutory payroll regulations and tax requirements. "Global companies need efficiency in managing their multi-national payroll to manage costs and compliance," said CloudPay CEO Andrew Pearson. "The partnership between NetSuite and CloudPay brings together all aspects of payroll data into one consolidated location, entirely in the cloud."
TransCard (www.transcard.com), based in Chattanooga, Tenn., offers the TransCard Xpress Paycard for NetSuite, enabling employees to achieve 100 percent paperless payroll that is fully integrated within the NetSuite Premier Payroll Service. The Xpress Paycard is a MasterCard-branded payroll card that allows employers that issue live paper checks to employees to pay those employees via direct deposit. The Xpress Paycard is available through NetSuite at no cost to the employer, and with no monthly fee for the employee. The card is funded by optional transaction fees and is compliant in all U.S. states, offering convenience and efficiency while cutting paper payroll costs and eliminating workplace disruption on payday with an environmentally responsible "green" solution. According to MasterCard, the average company saves $223 per employee a year by converting from paper checks to payroll cards. "Employers and employees alike benefit through the greater convenience, security and savings of direct deposit as opposed to old-school paper checks," said Craig Fuller, TransCard CEO. "We're delighted to partner with NetSuite to bring the advantages of paperless payroll to NetSuite customers."
Cloud Integration for Human Capital Management
Dell Boomi (www.boomi.com), a business unit of Dell based in Berwyn, Penn., supplies the Dell Boomi Cloud Integration for Human Capital Management solution, which enables the integration of any combination of cloud, SaaS or on-premise HR / HRIS / HCM applications with NetSuite, without the need for appliances, software and coding—and speeds time to value. Built on the Dell Boomi AtomSphere® platform, the #1 integration cloud, this solution is designed to automate processes between NetSuite (ERP) and common HCM applications such as Workday so customers can enjoy the benefits of comprehensive, bi-directional data integration. "Dell Boomi makes it possible for organizations to leverage best-of-breed solutions such as NetSuite for ERP and Workday for HCM without time-consuming and costly manual data manipulation," said Chris McNabb, Dell Boomi General Manager. "Our partnership with NetSuite opens new doors for organizations that want to realize the benefits of a seamless ERP/HCM environment."
Today, more than 16,000 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 financials/ERP suites for divisions of large enterprises and mid-sized organizations 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 financial management software vendor on a global basis. 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.
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