Oracle NetSuite Corporate Communications
Senior Director, Global Communications
NetSuite OneWorld 2011 Advances Financial Consolidation, International Business Management, Analytics, and More
SAN MATEO, Calif.—October 19, 2011—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced the newest version of NetSuite OneWorld, the world's first and most powerful cloud ERP solution for global companies. NetSuite OneWorld 2011 elevates its leading global financial consolidation capabilities with automated intercompany management that accelerates and increases the efficiency and rigor of the close process. NetSuite OneWorld 2011 further streamlines compliance through expanded support for international taxation and audit reporting. New advanced inventory costing capabilities solidify NetSuite's fit as the cloud ERP solution of choice for manufacturers and wholesalers. NetSuite OneWorld 2011 delivers slice and dice insight for every user, with real-time OLAP style multi-dimensional analytics, and new SuiteCloud developer enhancements which further enable the mobilization of ERP within global enterprises. For more information about NetSuite OneWorld 2011, please visit http://www.netsuite.com/oneworld.
NetSuite OneWorld has already established itself as the world's most deployed cloud-based ERP solution globally for managing the needs of complex, mission-critical business processes. NetSuite's leadership has been recognized by the 2011 CODiE Award for Best Financial Management Solution as well as a recent Gartner study naming NetSuite as the fastest growing financial management systems vendor in the world. NetSuite OneWorld 2011 again raises the bar for high-end ERP solutions by addressing user requests, improving performance and introducing sophisticated new features.
"Global enterprises like Groupon is running on the NetSuite cloud. NetSuite OneWorld is already the premiere solution for large or fast growing worldwide enterprises," said Gary Wiessinger, Vice President of Product Management at NetSuite. "NetSuite OneWorld 2011 provides yet another reason for the largest multinational enterprises to cast off the costly aging on-premise software and embrace the cloud, and gain the transformative efficiency and transparency already enjoyed by over 10,000 companies and subsidiaries."
"The advanced features in NetSuite OneWorld 2011 allow us to further drive the efficiency, speed and control of our financial process across our international operations," said Marc Morin, Corporate Controller at Case-Mate. "By running in the cloud we're able to get new global enterprise management ERP capabilities automatically, enabling us to continually improve our business performance and productivity, without the upgrade headaches and cost of legacy on-premise software."
NetSuite OneWorld 2011 introduces numerous new enhancements, including:
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 organizations seeking to upgrade their antiquated client/server ERP systems. As the leading provider of cloud-based business solutions, NetSuite excels at streamlining business operations. As demonstrated by the 2011 CODiE Award for Best Financial Management Solution, as well as a recent Gartner study naming NetSuite as the fastest growing financial management systems vendor in the world, 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.
For more information about NetSuite, please visit www.netsuite.com.
NOTE: NetSuite and the NetSuite logo and where business is going are registered service marks of NetSuite Inc.