Senior VP, Corporate Communications
SMALL AND MIDSIZE UK COMPANIES STANDARDIZE ON ORACLE®
SMALL BUSINESS SUITE AND NETSUITE
LONDON, 9 Oct., 2003 – NetSuite, Inc. (formerly NetLedger), makers of Oracle Small Business Suite, today announced that more than 100 UK small to midsize businesses have standardized their business operations – sales, order management, support, financials, inventory and warehouse management, payroll, and supply chain – on either Oracle Small Business Suite or NetSuite. With today's UK launch of Oracle Small Business Suite and NetSuite (see accompanying release), the number of UK customers will grow substantially, and will add to the companies around the world who have subscribed to the company's application services. The Oracle Small Business Suite name is used under license from Oracle Corporation (ORCL). For a free test-drive of NetSuite, please go to www.netsuite.com/uktestdrive.
Frustrated with the cost and complexity of using different
software packages to run business operations, businesses
come to NetSuite for its on-demand, integrated application
that automates both front- and back-office operations
– from contact to contract to cash to customer
support. Oracle Small Business Suite and NetSuite provide
unprecedented power, effectiveness and productivity
at a fraction of the cost for traditional, non-integrated
"Companies struggle to integrate multiple software
applications to run their business, and software vendors
like Sage and Microsoft whose primary application integration
strategy is to hand the customer one invoice that 'integrates'
line items for separate ERP and CRM applications only
makes the problem worse," said Zach Nelson, CEO
of NetSuite, Inc. "At NetSuite, we built a single
application integrating complete CRM and ERP by design.
For the first time customers can spend their resources
on running their business, rather than spending them
on running some vendor's software."
"Our business operates across a diverse range
of geographical locations, so having a common communication
and IT system infrastructure was particularly important
to us," said Gerry Kerins, Financial Director of
Rococo Chocolates (www.rococochocolates.co.uk)
in London. “Rococo is growing steadily, so we
needed a flexible and scaleable IT platform upon which
to face the challenges of a growing company. NetSuite
provides us with the powerful combination of a sophisticated,
enterprise wide system hosted on the Web at a price
point that is appropriate for a growing SME like ourselves.
For Rococo it's the right product at the right time."
“Our business moves pretty fast and in high
volume," said Ash Thapar, managing director at
London-based Sansar Solutions (www.sansarsolutions.com),
which procures electronic components from manufacturers
throughout Europe, Asia and in the US. "It's so
competitive these days that you need everything at your
fingertips. NetSuite gives us that advantage we need
to compete in a global industry. What's more, we will
save more than £20,000 a year
– much more than we paid for the application –
in administrative salaries, thanks to efficiencies gained
through NetSuite. When you factor in IT cost savings,
implementation cost savings, and ongoing maintenance
costs, you can easily double that cost-savings figure."
"For our CRM needs, we needed much more functionality
than a glorified contact management application like
salesforce.com could provide," said Mener Tsitsis,
owner of JTA Property (www.jtaproperty.com),
a property management firm based in London. "We
leverage NetSuite's CRM functionality to maintain tenant
billing history, schedule jobs based on refurbishment
and maintenance needs, track time, and to track lead
and prospect information. It has boosted the level of
customer service that JTA can provide to its tenants
by allowing them to e-mail work requests, which the
system automatically processes and assigns to a contractor."
"NetSuite is allowing me to launch a company with
every part of my business integrated, including my warehouse,"
For information about NetSuite, visit www.netsuite.com
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