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Contact:

Mei Li
Senior VP
Corporate Communications
NetSuite Inc.
Phone: 650.627.1063
E-mail: meili@netsuite.com

NETLEDGER DELIVERS A FREE WEB-BASED BUSINESS FINANCE SOLUTION

 

San Mateo, Calif—February 28, 2000—NetLedger, Inc., world’s first provider of a Web-based accounting solution for small businesses, today expanded its product line with NetLedger™ Basic, a Web-based finance solution designed to address the most fundamental accounting needs of a small business or small organization. The company’s announcement of NetLedger Basic follows last week’s announcement of NetLedger™ Personal, a free Web-based personal finance solution for the consumer.

NetLedger Basic provides an easy-to-use, effective solution to manage business finances anytime, anywhere from any Internet-ready computer and is available immediately, at no cost to the user. The newest NetLedger product offering, NetLedger Basic, includes a select group of core accounting features that enable a single user at a small business, small organization to enter and print checks, manage sales receipts, memorize recurring transactions, reconcile bank accounts, and generate reports and graphs. To add users or more advanced accounting features, NetLedger offers quick and easy migration to NetLedger’s full-featured solution at only $4.95 per month per user.

Consistent with the complete line of NetLedger financial management solutions, NetLedger Basic delivers Oracle 8i database power, reliability and security; a simple look and feel for easy set-up and use; and NetLedger’s unique Web-based platform enabling automatic and continuous upgrades that are invisible to the end-user and require no additional costs or time delays. NetLedger Basic also imports QIF files.

“In offering NetLedger Basic we have expanded our product offering with three solutions that leverage the power of the Internet, perform accurate accounting, and are designed for true simplicity of use,” said Bill Mirbach, president and CEO of NetLedger Inc. “NetLedger Basic gives small business owners an edge, by delivering absolutely free, a reliable, and flexible accounting solution built on Oracle’s Fortune 500-level secure database.”

“We designed NetLedger Basic to address the needs of small businesses and organizations who need a solution to record and manage expenses but simply don’t need advanced accounting features,” commented Evan Goldberg, founder and CTO of NetLedger Inc. “With NetLedger Basic those small businesses and organizations now have a reliable, secure and easy-to-use solution to take care of these necessary business tasks without distracting them from their core business.”

For more information about NetSuite please visit our Web site at www.netsuite.com.

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