Senior VP, Corporate Communications
NETSUITE WELCOMES "SAGE SWITCHERS" TO THE CLOUD
Businesses Breaking Free from Limitations of Sage Select NetSuite Cloud to Enable Growth
LONDON, UK —October 18, 2011—NetSuite Inc. (NYSE: N), the industry's leading vendor of cloud-based financials / ERP software suites, today announced the availability of the Sage Switch Guide, which explores why more than 500 businesses have already switched from Sage to the NetSuite cloud, and provides details and insights from a selection of companies that have made the switch. For decades, Sage customers have struggled to grow and scale with CRM and Ecommerce applications that do not seamlessly integrate with Sage financials. They have endured profits eroded by a total cost of ownership more than double that of the NetSuite cloud. (Source: SMB Group: The Compelling TCO Case for Cloud Computing in SMB and Mid-Market Enterprises)
The Sage Switch Guide, unveiled today, highlights that demand for cloud computing solutions is expected to grow four times faster than the worldwide IT market as a whole over the next four years, according to IDC (source: IDC, Worldwide and Regional Public IT Cloud Services 2011-2015 Forecast, June 2011, http://www.idc.com/getdoc.jsp?containerId=prUS22897311.) The guide also includes eight experiences from former Sage customers that have benefited from switching to an integrated cloud-based application. To download the Sage Switch Guide please visit: http://www.sageswitch.co.uk.
"NetSuite continues to build momentum over Sage as businesses grow in sophistication and ambition," said Craig Sullivan, Vice President and General Manager, International for NetSuite. "Over a decade of experience in building our product portfolio on the most modern business cloud architecture puts us in a leading position for organisations looking to increase efficiency, grow profit margins and power through a rapidly changing economic climate."
NetSuite, the UK's leading cloud-based business management suite, frees companies from the sometimes seemingly endless treadmill of ongoing and expensive software upgrades that characterise most legacy, on-premise business computing systems. Businesses run on Sage often find themselves running too many applications which can lead to data duplication, errors and wasted effort. They must invest valuable time and money in software upgrades, only too often to be rewarded with outdated information and a lack of real-time visibility. Switching to the NetSuite cloud can enable Sage customers to lower costs, streamline key business processes, and boost productivity and competitiveness.
Today, more than 10,000 companies and subsidiaries depend on NetSuite to run complex, mission-critical business processes globally in the cloud. Since its inception in 1998, NetSuite has established itself as the leading provider of enterprise-class cloud ERP solutions for divisions of large enterprises and mid-sized organisations seeking to upgrade their antiquated client/server ERP systems. As the leading provider of cloud-based business solution suites, NetSuite excels at streamlining business operations. As demonstrated by its receipt of the 2011 CODiE Award for Best Financial Management Solution, as well as a recent Gartner study naming NetSuite as the fastest growing top 10 financial management systems vendor in the world for the third consecutive year, NetSuite has continued its success in delivering the best cloud business solutions to businesses around the world, enabling them to lower IT costs significantly while increasing productivity, as the global adoption of the cloud is accelerating.
The Arboricultural Association Ltd., Emarket.com, I-nexus, CoAxis Inc., and Mariner Supply, Inc. are among more than 500 former Sage customers that are reaping the benefits of the NetSuite cloud:
- The Arboricultural Association Ltd (www.trees.org.uk) is a charity focused on advancing the study of Arboriculture, the study of trees; specifically it aims to raise the standards of its practice, to foster interest in trees through publications, exhibitions and the stimulation of research or experiment, to assist in the training of students in disciplines where arboriculture is a major subject and to co-operate with other bodies having similar aims. It was founded in 1964 and draws funding from a number of sources, including its 2,000 members. "With Sage 50 we ended up running many different databases, meaning we spent a great deal of time transferring data while risking introducing errors into the system," said Nick Eden, CEO, Arboricultural Association. "Having switched to NetSuite we now have one single database, making us much more efficient. In addition, the fact that it’s in the cloud means that we can access the system remotely, and we require far less on-site IT management."
- I-nexus (www.i-nexus.com) is a UK-based provider of web-based software and related services for enabling improved performance in global enterprises, with customers including the likes of Pfizer, Royal Bank of Scotland, Vodafone and Toshiba. I-nexus had been using Sage and a number of bespoke systems to manage its ERP, but it was a frustrating approach. "We were duplicating, triplicating and in some cases even quadruplicating data entry! Worse than that, the data wasn’t always consistent," said Rex Harrison, CFO, i-nexus. "Since switching, NetSuite has helped us to grow revenue by 800 percent."
- Emarket.com (http://emarket.com) is an online exchange for companies in the FMCG (fast moving consumer goods) sector. Headquartered in Portugal, it provides a platform from which members can transact securely across all of Europe, using a range of supply chain solutions including delivery, inspection of goods, pricing, payment, foreign exchange and credit. "NetSuite not only replaced Sage, it has revolutionised the way we do business," said Suraj Sharma, CEO, emarket.com. "By allowing us to automate key business processes, NetSuite increased the efficiency of our operations, logistics and finance teams by 20%."
- CoAxis Inc (www.coaxis.net) is a vertical-market, software development and management company focused on the construction market based in Portland, Oregon. A 30 year veteran of its space, the business has expanded to support over 1,000 customer sites around the world. CoAxis implemented NetSuite and its Financial Planning module, providing advanced financial planning capabilities as well as ERP, supporting sophisticated scenario planning. "We switched to NetSuite because the software we were using before, was not flexible enough, had limited reporting capabilities and was not an integrated solution. We now have an integrated process from raw lead to sales to collections that easily generates solid financial reporting and supports our organization across departments and across our international geographies." Ben Ertischek, CFO of CoAxis Inc.
- Mariner Supply, Inc. (www.marinersupply.com) is a worldwide supplier of marine parts and products. A pioneer in the online sales and merchandising of marine products through its Go2marine Division and its online store www.go2marine.com, it is a ten year veteran of e-commerce, delivering an online shopping experience with more than 160,000 unique marine products and parts. "We switched from Sage ACCPAC because our accounting team found the modular set-up was very difficult to use," said Keith Fetterman, CTO of Mariner Supply Inc. "Sage ACCPAC lacked the functionality of integrated systems. NetSuite is a lot easier to use, and the flexibility of the customisations where outstanding."
To download the Sage Switch Guide, please visit www.sageswitch.co.uk
For more information about NetSuite, please visit www.netsuite.co.uk.
NOTE: NetSuite and the NetSuite logo are registered service marks of NetSuite Inc.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements relating to expectations, plans, and prospects including expectations relating to future demand for cloud computing solutions. 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.