NETSUITE DELIVERS POWER OF CLOUD BUSINESS MANAGEMENT SUITES TO THE ENTERPRISE
NetSuite SuiteWorld 2012, SAN FRANCISCO—May 16, 2012—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced continued worldwide momentum for the adoption of its cloud business management solutions, with leading enterprise organizations such as Land O'Lakes, Girl Scouts of the USA, Procter and Gamble, and PT. Prisma Resources deploying NetSuite cloud solutions to manage rapid growth and global expansion. As a result, these enterprises have benefited from new business efficiencies, deeper customer engagement and an increase in sales and revenue. Additional enterprise customers include Pitney Bowes Inc.
In particular, Land O'Lakes is implementing NetSuite OneWorld as a two-tier deployment for subsidiaries in multiple international locations while maintaining on-premise ERP systems at the corporate level, as NetSuite OneWorld is designed to deliver real-time global business management and financial consolidation to companies with multi-national and multi-subsidiary operations coupled with a rapid speed of implementation. Other companies, such as Girl Scouts of the USA, are embracing the NetSuite "Commerce as a Service" initiative and the SuiteCommerce platform, which combines a state-of-the-art Web storefront with a central system to manage all B2C and B2B transactions across many touchpoints, including websites, smart phones, tablets, social media and physical point of sale (POS). Operating directly on the core NetSuite ERP/CRM business management application, SuiteCommerce transcends the limitations and complexity of first-generation Ecommerce systems to enable merchants to streamline business processes, build relationships with built-in marketing tools and immerse customers in a richly interactive and intuitive shopping experience.
"Global business management and anywhere commerce across any touchpoint, from websites to mobile devices, are two of the spearheads of the continued evolution of cloud computing," said Zach Nelson, NetSuite CEO. "Our latest enterprise customers reflect the more innovative businesses that are running faster and smarter in the cloud while abandoning legacy on-premise systems."
The newly announced NetSuite enterprise customers include:
Land O'Lakes (www.landolakes.com), based in Arden Hills, Mich., one of America's premier member-owned cooperatives, is deploying NetSuite OneWorld to eliminate disparate systems, streamline operations and power international growth. While the corporate headquarters is utilizing Oracle's JD Edwards EnterpriseOne as its core ERP platform, Land O'Lakes will implement NetSuite OneWorld in a two-tier ERP deployment for a number of subsidiaries and joint ventures in the United States, Mexico, and China. NetSuite OneWorld will be the standard multi-national, multi-currency ERP solution for its domestic and international subsidiaries, and joint ventures. Looking not only to address short-term operational needs but also to ensure a stable, scalable platform for future growth, Land O'Lakes, with 9,000 employees and serving over 900,000 agricultural producers, turned to NetSuite OneWorld as a two-tier approach to augment its existing corporate ERP software investments. "The cooperative is committed to embracing technology to best serve our customers, our partners, and our member-cooperatives," said Mike Macrie, Vice President of IT, Land O'Lakes.
Girl Scouts of the USA (www.gsusa.org), headquartered in New York City with 2.3 million girl members and 900,000 adult volunteers, is implementing NetSuite SuiteCommerce to power a new nationwide ecommerce website expected to drive large gains in merchandise sales, customer engagement, brand awareness and business efficiency. The organization has also deployed NetSuite for inventory and warehouse management, distribution and analytics. NetSuite will replace a legacy on-premise wholesale distribution application, a custom-built ecommerce storefront, and a standalone reporting tool, meeting Girls Scouts' requirements for a completely integrated cloud solution. The new SuiteCommerce platform replaces about 65 individual ecommerce websites run by regional Girl Scouts councils, while 47 councils without a storefront will have one for the first time. "The biggest draw of NetSuite is that it's fully integrated, from the storefront to the back office—we were definitely in the market for an all-encompassing solution," said Barry Horowitz, Vice President and General Manager, Girl Scouts Merchandise. "We see a huge opportunity to both enhance business at the council level and reduce expenses."
PT. Prisma Resources (Alumex) (www.grdsteel.com) is a subsidiary of Gunung Steel Group, the second-largest steel manufacturer/fabricator in Indonesia, with capacity to produce 1.95 million tons of steel annually. PT. Prisma Resources is deploying NetSuite OneWorld to introduce new efficiencies and visibility into its core business of buying, processing and selling coals. NetSuite will be used for financial accounting, tracking of contracts, quality control of coals delivered, and booking of vessels and cargo.
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Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements relating to expectations, plans, and prospects including expectations relating to future demand for cloud computing solutions and expected benefits of the NetSuite cloud offerings. These forward-looking statements are based upon the current expectations and beliefs of NetSuite's management as of the date of this release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements including, without limitation, slower adoption rate of the ecommerce platform than anticipated, failure of the cloud offerings to meet customers' business plans or projections, risks or delays associated with implementation or integration to the NetSuite cloud offerings, and material defects or errors in the software or undetected computer viruses could arise and impact operations. All forward-looking statements in this press release are based on information available to the Company as of the date hereof, and NetSuite disclaims any obligation to update these forward-looking statements.