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Mei Li
Senior VP
Corporate Communications
NetSuite Inc.
Phone: 650.627.1063
E-mail: meili@netsuite.com

NETSUITE AND IMA PARTNER TO HELP FINANCE EXECUTIVES LEVERAGE THE POWER OF CLOUD COMPUTING

"Transformational CFO" Educational Series Offers Live and Online Education, Research for Finance Executives

SAN MATEO, Calif. and MONTVALE, N.J.—September 9, 2010—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites and the Institute of Management Accountants (IMA), today announced a partnership aimed at helping finance executives succeed in adopting cloud software technology as this powerful new force in computing transforms the role of the CFO and the practice of corporate finance management.

NetSuite and IMA will explore this and related topics as part of the "Transformational CFO" educational series through live seminars, webinars, white papers and published research. The Transformational CFO program is immediately available to all IMA members. The first online webinar titled "Financial Executive Panel: What the Cloud Means to The Finance Organization," is scheduled for Wednesday, September 22, 2010. Three visionary CFOs on the panel will share their first-hand experience and best practice in moving from pre-Web client server technologies to new cloud-based business management software suites. These panel speakers include: David Bosher, SVP and CFO at SnagAJob.com, America's largest hourly job Web site, which jumped to the cloud after outgrowing QuickBooks; Michael Metz, CFO at Lexi-Comp, Inc., a leading provider of medication information and drug data solutions for the healthcare industry, which is relying on a cloud-based business management solution to run financials and key business processes after abandoning Microsoft Dynamics Solomon (SL); and Will Gregerson, CFO at Schaeffer Manufacturing Company, a leading provider of quality lubricants and fuel additives, that chose cloud ERP software over SAP during the software evaluation process. For more information about the webinar, please visit here.

Today's business climate requires finance executives to have real-time visibility into their company's performance. They must also be able to simultaneously cut costs, increase productivity, and expand growth capacity. Cloud computing is seen as one of the most promising technologies in decades to help finance organizations retool to meet these challenges.

By combining NetSuite's leadership in delivering cloud computing financials and ERP software suites and IMA's decades of experience in meeting the needs of finance professionals, the Transformational CFO educational series will help IMA members identify gaps in their finance organization, target growth opportunities, and understand how cloud computing enables powerful process changes.

"Using technology to enable business success is very important to accountants and financial professionals on the CFO team, especially in these turbulent economic times," said Jeff Thomson, IMA President and CEO. "This new partnership will support our members with tools, strategies and educational opportunities as they enhance their business processes. We look forward to working with NetSuite, to improve individual and organizational effectiveness."

"NetSuite understands that finance teams are playing a more strategic role in helping to lead their respective organizations on all fronts. We recognize that IMA is one of the leading global associations dedicated to advancing the knowledge and credentials of their corporate finance and accounting members to lead and succeed in today's business environment," said Ron Gill, NetSuite CFO. "Their membership is uniquely positioned to have significant impact in the transformation of finance departments in companies of all sizes and sectors. This is a key synergistic partnership for us."

About IMA
IMA® is the association dedicated to empowering accountants and financial professionals in business to become "trusted business advisors" by playing an active role in their organizations' business success. With a network of more than 60,000 professionals worldwide, IMA provides a dynamic forum for professionals to advance their careers through Certified Management Accountant (CMA®) certification, professional education, networking, and advocacy of the highest ethical and professional standards. For more information about IMA, please visit www.imanet.org.

About NetSuite
NetSuite Inc. is the industry's leading provider of cloud-based financials/ERP software suites. NetSuite enables companies to manage core key business operations in a single system, which includes ERP, accounting, customer relationship management (CRM) and Ecommerce. NetSuite's patent-pending "real-time dashboard" technology provides an easy-to-use view into up-to-date, role-specific business information.

For more information about NetSuite Inc., please visit www.netsuite.com.

 

NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite Inc.