Contact:
Mei Li
Senior VP, Corporate Communications
Phone: 650.627.1063
E-mail: meili@netsuite.com
NetSuite, Inc.
NetLedger Exceeds 6,000
Licensees of Its Application Services
Survey of Customers Shows Average ROI of More Than 400%
Achieved in a Payback Period of Less Than One Quarter
SAN MATEO, CA, December 3, 2002 — NetLedger, Inc.,
makers of Oracle® Small Business Suite, today announced
that its application suites have surpassed the 6,000
customer milestone since its first product launch in
1999, making it the leading provider of integrated online
ERP/CRM application services for the small and medium
business market. These 6,000 companies have licensed
NetLedger's award-winning products including Oracle
Small Business Suite, NetSuite™, NetCRM™, and NetLedger™
Advanced Accounting. The Oracle Small Business Suite
name is used under license from Oracle Corporation (ORCL).
A large number of NetLedger's customers left traditional
software packages or even Web-based point solutions
for NetLedger's completely integrated ERP and CRM solution
in order to reduce their costs and increase productivity.
Based on a September 2002 ROI study, Oracle Small Business
Suite costs much less to run a business than multiple
disparate software packages and saves businesses a significant
amount of time in managing their business processes.
The results show Oracle Small Business Suite has generated
an average savings of over $21,000 per year, which translates
to a return on investment (ROI) of over 400%. These
results are achieved in a payback period of less than
one quarter.
"The only thing we can attribute our success to
is our customers' success,"said Zach Nelson, president
of NetLedger. "The ROI that our customers have
achieved is due to the ability to get up and running
in a matter of weeks, versus months with traditional
software. And the front- and back-office integration
not only saves them time, it also improves their productivity
and business visibility."
NetLedger's customers are found in all industries,
including wholesale distribution, retail, professional
services, manufacturing, non-profit, and technology.
Additionally, a growing number of divisions and subsidiaries
of large enterprises such as TRW and DuPont have become
NetLedger's customers. NetLedger also has hundreds of
customers outside the U.S. Recently the company has
partnered with BT to expand distribution in the UK.
One of NetLedger's newest customers is WildPackets,
Inc., a multi-million dollar provider of network analysis
software. After its Walnut Creek, Calif. headquarters
were destroyed by fire on July 15, WildPackets was forced
to reassess key applications deployed over the past
12 years. "We had started integrating our ERP and CRM
systems before the fire, but our recovery dictated accelerated
research and implementation," said Mahboud Zabetian,
WildPackets' President and CEO. "We chose NetLedger's
products because they seamlessly integrate front-office
and back-office functionality, are built on Oracle technology
and we could get up and running very quickly. We also
anticipate being able to manage our rapidly-expanding,
multi-location business more effectively and much more
affordably with this software."
For more information about NetSuite please visit our
Web site at www.netsuite.com.
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