Contact:
Mei Li
Senior VP, Corporate Communications
NetSuite, Inc.
Phone: 650.627.1063
E-mail: meili@netsuite.com
NETSUITE ANNOUNCES 1000TH ECOMMERCE
CUSTOMER
Small and Midsized Businesses
Use NetSuite to Tie Web Operations to Internal Financial,
Warehouse, Sales and Support Systems
SAN MATEO, CA – June 24, 2004 – NetSuite,
Inc., today announced significant growth into the ecommerce
market by singing up the 1000th ecommerce customer utilizing
NetSuite to tie website/Web store operations seamlessly
with front- and back-office processes. By standardizing
NetSuite's NetCommerce technology, these companies can
deliver an "Amazon.com-like" experience for
a fraction of the cost. Designed and built as part of
NetSuite, NetCommerce enables companies to easily transact
business on the Web while automatically linking into
internal customer relationship management, financial
and warehouse systems. The 1000 companies include business-to-business
and business-to- consumer websites across all industries
including retailers, e-tailers, wholesalers, distributors
and technology companies. Many of these customers' websites
and Web stores are featured in the NetSuite Mall (www.netsuite.com/mall).
NetSuite's award-winning products include NetERP, NetCRM,
NetCommerce and Oracle® Small Business Suite. The
Oracle Small Business Suite name is used under license
from Oracle Corporation (NASDAQ: ORCL).
Turning a static Web site into an e-business destination
– where products and prices are dynamically updated;
inventory is tracked in real-time; each customer is
charged their own price level and displayed their own
content; orders are taken on a secure shopping cart
with fraud protection; multiple warehouses are instantly
notified for fulfillment; and customers can track their
orders and support tickets – has been a daunting
challenge for even the largest companies. It requires
tying together a Web site with separate on-site systems
for inventory, invoicing, shipping, customer service,
contact management and document publishing. An ecommerce
capable Web site can easily cost more than $100,000
to create, and even more to maintain and upgrade.
NetSuite addresses these issues by providing an easy
to use, low cost solution that makes the technical challenges
of building an online Web store as easy as point and
click. From designing, hosting and managing the Web
site; to tracking customers the moment they enter the
site; to enabling online transactions whether via credit
card or purchase order; to automating back-office inventory
processes; to delivering unparalleled online customer
service such as 24/7 access to order history, package
tracking and multi-level support.
For more information about NetSuite, visit: www.netsuite.com.
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