SVP, Corporate Communications
Leading Analyst and NetSuite Customer Olympus Reveal Playbook For Deploying Leading Cloud Suite in Legacy SAP Environments
SAN MATEO, Calif.—July 7, 2011—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced the details of an upcoming webinar designed to help enterprises learn valuable insights and best practices for adopting and integrating cloud ERP across divisions and subsidiaries. The webinar, "Your Playbook for Integrating Cloud ERP into the Enterprise," will feature best practices and strategies from leading analyst R. “Ray” Wang, Principal Analyst and CEO of Constellation Research, together with first hand insights from Olympus, a division running NetSuite's cloud ERP within the broader Olympus enterprise. In addition, Darren Cunningham, Vice President, Informatica Cloud (NASDAQ: INFA), will discuss how to integrate cloud solutions with existing IT investments. The event will be held Wednesday, July 13 at 11:00 a.m. PDT (2:00 p.m. EDT). Register now for the event at http://bit.ly/webinartwotier.
This new NetSuite webinar is aimed at enterprises seeking to standardize ERP across their divisions and subsidiaries without incurring the onerous time and substantial costs associated with deploying or expanding traditional on-premise systems. The webinar will cover all aspects of two-tier ERP, and explain how enterprises can leverage cloud ERP as a critical part of their operational strategy, including best practices, first-hand experience, tactics, deployment strategies, and more.
"Enterprises are struggling with the result of years of fragmented ERP investments throughout their business structures—but rationalizing them, using traditional ERP approaches is prohibitive. It is vital that enterprises now learn how to leverage strategies such as two-tier and hub-and-spoke models, together with cutting edge technologies such as cloud ERP," said Ray Wang. "These new solutions and strategies can enable enterprises to grow more efficiently and cost effectively, ensure subsidiary flexibility, while accelerating financial consolidation and improve overall visibility."
The adoption of cloud computing in the enterprise is rapidly approaching a tipping point as more and more companies seek alternatives to costly and rigid on-premise systems. Research conducted by leading industry analyst firm IDC shows the market for cloud technology and services set to more than double by 2014, with more than 40 percent of this growth the result of cloud adoption by companies with more than 1,000 employees. This growth trajectory is being driven largely by the deficiencies of legacy, on-premise business systems, which many analysts believe have become too costly and complex to support the agile business processes required to compete in a dynamic and turbulent world economy. In contrast, the inherent flexibility and low cost of cloud ERP systems makes them an ideal solution to complement an existing corporate ERP investment while enabling the kind of dynamic business process change that is standard operating procedure for today's complex and global enterprise.
Mr. Wang will be joined by Michael Lockwood, IT Systems Leader for Olympus, Darren Cunningham, Vice President, Informatica Cloud, and the event will be hosted by Paul Turner, Senior Director of Product Marketing at NetSuite.
During this one-hour webinar, attendees will:
"Cloud ERP is the perfect fit for large and growing companies, and makes for an ideal enterprise investment," said Paul Turner, Senior Director, Product Marketing at NetSuite. "The webinar will clearly demonstrate how organizations can standardize on the cloud and retain the power and value of their existing systems, at a fraction of the implementation time of a wholesale IT overhaul, and with a much higher degree of success."
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This press release contains forward-looking statements relating to expectations, plans, and prospects including expectations relating to the future growth of the cloud computing market. 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, the risk of continued adverse and unpredictable macro-economic conditions or reduced investments in on-demand applications and information technology spending. 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.