Oracle NetSuite Corporate Communications
Senior Director, Global Communications
Patented Upgrade Innovations, SuiteCloud Platform Innovations and Customer-Friendly Business Processes Eliminate Legacy Software Headaches and Version-Lock
SAN MATEO, Calif.—November 7, 2011—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced the availability of powerful upgrade innovations that enable companies running on the NetSuite cloud to experience "version-less" and always up-to-date cloud ERP, without sacrificing control or flexibility. Companies running NetSuite benefit from NetSuite’s technological innovations that include a patented phased roll-out process, providing NetSuite customers the ability to adopt new functionality in accordance with their own individualized upgrade path. In addition, the company announced a new offering that allows businesses to select their own upgrade date from available dates to accommodate their unique business requirements and business cycles. And finally, the company announced new cloud-based lifecycle management technology that allows customers and partners to test their own custom-developed NetSuite features and applications before deploying them to their live NetSuite environment.
An upcoming webinar, "Making the Move from Version-Locked On-Premise ERP to the Cloud: How Three Companies Excelled by Moving to Cloud ERP" scheduled for Tuesday, November 15 at 11:00 a.m. PST (2:00 p.m. EST), will provide the business case for businesses looking to free themselves from the shackles of "version-locked" on-premise ERP. Featuring three executives from enterprises that have gained agile, always up-to-date ERP by upgrading to the NetSuite cloud: Allison Musgrave, Controller of Spandex America; Brad Kugler, CEO of Distribution Video & Audio; and Jim Feeney, CFO of Booth Creek Resort Properties LLC, will provide a candid discussion on their last ever painful ERP upgrade. To register for the webinar, please visit www.netsuite.com/noversionlock. For additional information about how companies can modernize their business operations using NetSuite's cloud business management solutions, and to obtain the white paper "Eight Ways Outdated ERP Damages Your Business," please visit /portal/landing/cloud-upgrade-up.shtml.
One of the major failings of traditional, non-Internet centric business applications is the lack of ability for customers to easily customize their business applications and then easily migrate from one software release to the next. According to a recent report by Forrester, "Approximately half of ERP customers are currently on releases that are two versions behind the current release, which may be four years old or more." (Source: Trends 2011: ERP Customers Demand Better Flexibility, Cost Transparency, and Mobility, Forrester, January 2011). The reason is that legacy on-premise ERP systems have historically presented businesses with two undesirable choices — either wrestle with aging “version-locked” ERP software that is misaligned with current business needs, or face a costly, time-intensive, disruptive, and risky upgrade. As migrating to newer versions requires re-implementing customizations, enduring onerous resource intensive retesting, and procuring expensive additional hardware and infrastructure, the majority of organizations choose to endure ERP that's "frozen-in-time" and out of tune with the business. Customers continually delay upgrades, opting instead to run their business on software that’s years old and out-of-date.
In contrast, NetSuite eliminates version-lock for every one of the more than 10,000 companies and subsidiaries running on the NetSuite cloud, with automated upgrades. With NetSuite's patented upgrade innovations, companies run on the latest version of its cloud ERP software, without concerns of sacrificing control or flexibility. With NetSuite's easy upgrade process, NetSuite customers gain:
"To run a 21st century business, companies need to quickly move from their version-locked 1990's ERP infrastructure," said Doug Brown, NetSuite Vice President of Engineering Operations. "NetSuite's phased release process, SuiteCloud platform and other upgrade innovations allow companies to run on the latest version of NetSuite, while enabling them to customize the system to their exact requirements without fear of being version-locked."
Companies that have already broken free of on-premise ERP and are reaping the benefits of the NetSuite cloud include:
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 mid-size organizations and divisions of large enterprises seeking to upgrade their antiquated client/server ERP systems. 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. NetSuite continues its success in delivering the best cloud business management 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, SuiteCloud and SuiteBundle are service marks or trademarks of NetSuite Inc.