Senior VP, Corporate Communications
NETSUITE AND FORRESTER WEBINAR TO DEMONSTRATE SUCCESSFUL STRATEGIES IN SERVICES RESOURCE PLANNING
Forrester Analyst and NetSuite Customers to Share Project-Based ERP Insights
SAN MATEO, Calif.—October 28, 2011 —NetSuite Inc. (NYSE: N), the industry’s leading provider of cloud-based financials / ERP software suites, today announced the details of an upcoming webinar designed to help project-based companies understand how services resource planning (SRP) systems specifically designed for professional services organizations can drive efficiencies and innovation within their business to win against the competition. The webinar, "Driving Success in a Project-Based Business," will feature China Martens, analyst at Forrester Research who will unveil the latest challenges and pressures professional services companies face, along with insights on how project-based ERP (also known as SRP) can help address those challenges, as well as best practices for implementing a SRP or project-based ERP system. The webinar will also spotlight NetSuite customers Mycom Global Solutions and Splunk who will share their first-hand knowledge, best practices and secrets to their business success in utilizing NetSuite SRP. The event will be held Tuesday, November 1 at 1:00 p.m. EDT (10:00 a.m. PDT). Register now for the event at http://www.netsuite.com/portal/email/forrester-webinar.html.
Project-based businesses face unique pressures and challenges, and the right ERP system, tailored for the specific needs of professional services organizations, can make the difference between success and failure. The webinar will be presented by Ed Marshall, Senior Vice President of Product Strategy at NetSuite, and in addition to Forrester Research analyst China Martens, will feature real-world stories from NetSuite customers Calvin Jackman from Mycom Global Solutions and Christopher Nelson of Splunk. Participating speakers will outline how cloud-based SRP can drive increased utilization, better resource management, improved project performance and profitability.
"NetSuite's pioneering SRP vision is revolutionizing the way professional services businesses manage their resources, skills, service delivery, customer acquisition and billing processes, and can significantly drive higher rates of repeat business from existing clients," said Marshall. "A comprehensive cloud SRP strategy can enable services organizations to realize these benefits quickly, and for the first time provides a clear path to improved margins, higher-quality and more transparent client interactions, and real-time visibility into services business operations."
Webinar attendees will gain insight on how to:
- Streamline project accounting, time and expense management, and billing by leveraging SRP solutions
- Leverage best practices for selecting and deploying a project-focused cloud ERP solution
- Increase annual revenue per consultant by 23 percent and increase project margins by 7 percent
- Increase real-time visibility up to 15 percent into key metrics such as project profitability and cash flow
- Gain a competitive advantage with a SRP solution in the cloud.
For three consecutive years, NetSuite has been the leader in the professional services automation market. NetSuite's services resource planning (SRP) and professional services automation (PSA) software helps services organizations automate and manage key aspects of their business—from resource management to project management, marketing, skills tracking, service delivery, billing, revenue management, and driving repeat business from existing clients. For global services organizations, these solutions enable them to overcome the challenges of global services delivery, including comprehensive support for multiple languages, currencies, taxation rules, and global resource pools, as well as real-time global visibility across their entire business. Companies using NetSuite's professional services automation (PSA) and services resource planning (SRP) software are among the highest performing when evaluated side-by-side against peer organizations. According to SPI Research, NetSuite owns 20 percent market share of the professional services automation market, while the closest competitor has only 12 percent (Source: SPI Research 2011 Professional Services Maturity Benchmark Report).
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