Senior VP, Corporate Communications
MORE THAN 1,000 COMPANIES SWITCH
TO NETSUITE FROM QUICKBOOKS
Customers Tout the Power of Using
One System to Run Their Business
SAN MATEO, CA—August 18, 2004—NetSuite,
Inc., today announced that more than 1,000 companies
have switched from QuickBooks to NetSuite since the
company's first product launch in 1999. With the new
NetSuite Small Business announced today (see the accompanying
press release), more businesses outgrowing QuickBooks
will be able to use the enhanced migration wizard to
easily and seamlessly switch to NetSuite Small Business.
For more information about how to switch from QuickBooks
to NetSuite Small Business, please go to www.netsuite.com/qbdefectors.
NetSuite's award-winning products include NetSuite,
NetSuite Small Business, NetERP, NetCRM, and NetCommerce.
Businesses outgrowing QuickBooks switched to NetSuite
Small Business for the following key factors:
- NetSuite Small Business provides one system to
run a business, eliminating redundant data entry,
and the time, cost and error associated with multiple
systems for finance, sales, warehouse management,
customer support and ecommerce.
- NetSuite is an on-demand solution, eliminating the
cost of managing, maintaining and upgrading business
- NetSuite is a far more powerful and secure solution
than small businesses could hope to piece together
on their own. Built on an Oracle database, and secured
in a 24x7 remote hosting facility with redundant power
supply and Internet bandwidth, NetSuite Small Business
can support an unlimited number of users and can be
accessed anytime, anywhere in the world.
"QuickBooks couldn't grow with our business,"
said Preston Poulter, Vice President of The Poulter
a Dallas, Texas-based flooring products manufacturer
and distributor. "The fact that we had multiple
physical locations made QuickBooks limiting. With NetSuite,
I'm able to monitor what's going on better. It's allowing
us to continue working in our Mac environment, compare
what one branch is doing versus another branch, and
consolidate taxes and the balance sheet, which we weren't
able to do previously."
"We knew we needed an online application so we
started using QuickBooks Online, but we had less than
stellar results," said Chris Hills, Managing Partner
of Mill Creek, Wash.-based IP security video software
company D3Data LLC (www.d3data.com).
"First off, integration with our other systems
was out of the question. Also, there were many features
that were missing which we desperately needed to run
our business. NetSuite had all the functionality we
needed and more; plus it saved us $80,000 a year in
productivity enhancements alone."
"In less than a day, the NetSuite team took our
existing QuickBooks files and loaded them into NetSuite,"
said Dean Mitchell, Partner of Projector Doctor (www.projectordoctor.com),
a projector repair business based in San Diego, Calif.
"And NetSuite's robust inventory management functionality
eliminated our redundant Excel spreadsheets. Now we're
not only able to find everything, but also track where
components are in the repair process of a given job."
"When I first bought EnergyFirst, I inherited
a business with QuickBooks and two Microsoft Access
'97 databases—one for phone orders and another
for Internet orders. It was a disaster," said Gerry
Morton, President and CEO of NutriScience Corp. and
a nutrition products company based in Hermosa Beach,
Calif. "It was hard enough getting customer data
under one roof to mine it efficiently, not to mention
the fact that QuickBooks didn't integrate with Access.
With NetSuite, we save $25,000 a year through reduced
administrative expenses alone. What's more, NetSuite's
advanced marketing functionality has increased our revenue